The deal uses an indemnity trigger and provides protection against windstorm and other weather-related events.
Alternative capital may have experienced some significant hits but it is set to remain a clear presence in the re/insurance space, according to panellists speaking on the first day of the 16th Singapore International Reinsurance Conference.
Schroder Secquaero is in a strong position, but the market challenges are not small, creating an interesting moment for the business, according to Stephan Ruoff on his second day in the new role of deputy head of the firm.
ILS should be used to close the Asian protection gap, says Kenrick Law, head of Asia-Pacific at Allianz Re
Reinsurers should not fear so-called alternative capital. Instead, they should leverage it to lower the cost of capital and help narrow what remains a significant protection gap in many parts of Asia-Pacific.
The growing role of insurtech and its influence on the industry is expected to be the main topic of conversation at SIRC this year, according to delegates surveyed by Intelligent Insurer.
As investments into China’s Belt and Road Initiative (BRI) increase, Kirill Savrassov, CEO of Phoenix CRetro Reinsurance Company, told Baden-Baden Today that it represents big opportunities and challenges for the reinsurance industry, especially from a cat perspective.
The insurance-linked securities (ILS) market is expected to continue to expand beyond the property cat market and leverage ongoing growth in primary insurance, according to John Haggerty, partner and managing director at ILS Capital Management.
Swiss Re’s Frank Reichelt, head of Northern, Central & Eastern Europe, said he is “always an optimist, and with that I hope we see some positive developments in the upcoming renewals season”.
The dynamic around rates and terms and conditions, the impact of alternative capacity on the market and how to grow those will be some of the biggest talking points at this year’s annual American Property Casualty Insurance Association conference in Boston, according to a survey of Intelligent Insurer readers.
After several years of heavy losses and other unexpected challenges such as loss creep and trapped capital, insurance-linked securities (ILS) investors are much more cautious going into the year-end renewals, with many readjusting their portfolios and attempts being made by some to solve the problem of trapped capital.