Collateralized retrocession use up at global reinsurers, but retro cost put some buyers off: S&P
The use of collateralized retrocession limits has increased among the largest reinsurance companies as alternative capital continues to be a critical source of retro protection, but for some retro buyers the cost of coverage remains too high, S&P Global Ratings has said. In fact, across reinsurance companies analysed by S&P, their January 1st 2024 in-force […]
ILS market growth comes when risk transfer needs are greatest: Pennay, Aon Securities
The surge in catastrophe bond market issuance and resulting insurance-linked securities (ILS) market growth over the last year, came at the right time for the insurance and reinsurance market, meeting their needs for risk transfer, according to Richard Pennay of Aon Securities. Pennay, the CEO of Insurance-Linked Securities at broker Aon’s capital markets and ILS […]