Competitive ILW pricing drives considerable buyer interest at renewal: Howden Re
Competitive pricing for industry-loss warranty (ILW) protection has driven “considerable interest from a growing demographic of buyers” at the January 1st 2025 reinsurance renewals, according to broker Howden Re. Industry-loss warranty (ILW) market activity has continued to be strong, as had been seen through the hard cycle, the reinsurance broker explained in its new renewals […]
Stone Ridge mutual cat bond and ILS fund assets surpassed $5bn at October 31
Stone Ridge Asset Management, the New York based alternative risk premia focused investment manager, grew the catastrophe bond and insurance-linked securities (ILS) assets under management in its range of mutual reinsurance fund strategies to more than $5 billion in the last quarter of record. When we last reported on the investment managers 40’s Act compatible […]
Silk Road Re cat bond achieves “effective diversification” for Taiping Re: CEO
Silk Road Re Limited, the debut catastrophe bond sponsored recently by Taiping Re and issued out of Hong Kong, has helped the reinsurance company achieve “effective diversification” within its catastrophe risk management, as it looks to pursue a dual-pillar protection approach of retrocession and insurance-linked securities (ILS), its CEO said today. The company also hailed […]
Swiss Re cat bond Index delivers 17.29% total-return in 2024, second-highest ever
The catastrophe bond market delivered the second-highest total-return in its history in 2024, reaching 17.29% for the full-year, according to data from the Swiss Re Cat Bond Performance Indices. While the catastrophe bond market’s performance fell behind the record set in 2023, at 17.29% the full-year 2024 total-return implies very strong performance from catastrophe bond […]
Stone Ridge’s flagship ILS fund returns 92% in two years, casualty reinsurer Longtail Re outperforms
Stone Ridge Asset Management, the New York based alternative risk premia focused investment manager, had another strong year for its reinsurance investment strategies and ventures in 2024, which CEO Ross Stevens describes in his latest investor letter while also explaining some of what makes the firm so interesting. Having delivered record returns to investors in […]
Galapagos Capital gets SUSEP authorisation for SSPE structure to issue ILS in Brazil
Galapagos Capital has now received the expected official authorisation from Brazil’s insurance regulator SUSEP to establish its own Sociedades Seguradoras de Propósito Específico (SSPE), a special purpose reinsurance vehicle that can issue Letra de Risco de Seguro (Insurance Risk Letters), which are insurance-linked securities (ILS). The move puts Galapagos Capital on track to achieve its […]
Alternative reinsurance capital grew 7% to $107bn in 2024: Guy Carpenter, AM Best
Dedicated reinsurance capital grew by 6.9% over the course of 2024, but alternative capital that largely represents the capacity deployed by insurance-linked securities (ILS) fund managers and through other ILS structures expanded slightly faster by 7% to reach $107 billion this year, according to Guy Carpenter and AM Best. Previously, the reinsurance broker and the […]
European System for Natural Catastrophe Risk Management & Re/Insurance
FULL ORIGINAL PUBLICATION HERE
Sustained strong catastrophe reinsurance profits ahead, if terms/attachments stick: KBW
Analysts at Keefe, Bruyette & Woods (KBW) are the second group to say that the returns generated from catastrophe reinsurance risk underwriting and capital allocation can remain strong, just so long as the industry remains disciplined on attachments, terms and conditions. It’s taken a while for it to become clearer that the real driver of the last […]
Silk Road Re cat bond gives Taiping Re $35m of 3-year China quake / US wind retro
We’ve learned a few more details about the new Silk Road Re Limited catastrophe bond transaction that is set to be issued out of Hong Kong, with the notes set to provide sponsor Taiping Reinsurance Company (Taiping Re) with a US $35 million source of three years of retrocessional protection. Yesterday, we reported that Taiping Re was set […]