By the end 2018 the market for insurance-linked securities (ILS) is expected to reach a total volume of close to $100 billion, according to Hannover Re.
Specialist insurer Hiscox has appointed Liz Breeze as the new chief financial officer (CFO) of its reinsurance and alternative capital business Hiscox Re & ILS, based in Bermuda.
Allianz is targeting an expansion in alternative risk transfer ART) through a new structure and leadership at its corporate solutions unit Allianz Global Corporate & Specialty (AGCS).
Iran is working on the development of a range of new financial products, including insurance-linked securities (ILS) as reinsurance cover has become scarce in the country due to the reintroduction of sanctions, according to an Oct. 2 Reuters report.
The first quarter of 2018 was the strongest quarter in terms of insurance-linked securities (ILS) issuance since 2009 despite significant catastrophe losses in 2017 from hurricanes Harvey, Irma and Maria, according to the September edition of the Bermuda ILS Market Report.
Specialist insurer Hiscox has promoted Andrew Dolphin to chief operating officer (COO) of its reinsurance and alternative capital business Hiscox Re & ILS.
The re/insurance industry should brace itself for losses of between $15 billion and $20 billion, according to the guidance of risk modelling agencies and analysts.
Hurricane Florence could trigger the risk transfer mechanisms put in place by the National Flood Insurance Program (NFIP) – for the second year in a row.
Hannover Re expects the recent uptick in M&A activity to be followed by further deals, but also to result in higher reinsurance demand, Michael Pickel, Hannover Re executive board member, told Monte Carlo Today.
Some insurance-linked securities (ILS) funds could find themselves in hot water because of how badly they miscalculated their losses in the aftermath of the 2017 catastrophes, John Warwick, managing director and partner, ILS Capital, told Monte Carlo Today.