Summer 2022 cohort of our course has passed the qualification exam

Our sincere congratulations to the 4th cohort: Timothy Nielander, Shib Shankar Saha, Suguru Fujita, Richard Griffiths, Dewald Cillie, on obtaining “Certified ILS specialist” qualification with impressive average pass ratio of 92% at the exam. Kirill & Toby

Cedent interest in cat bonds rising, prices to attract investors: Shiv Kumar, GC Securities

The catastrophe bond market is very well-positioned, with cedent interest in utilising cat bonds as reinsurance risk transfer tools on the rise, while pricing has already risen high enough to attract investors to deploy more capital, according to GC Securities Shiv Kumar. Speaking during a Guy Carpenter pre-Monte Carlo briefing, Shiv Kumar, President of the […]

Singapore’s capital market focus for re/insurance development continues

The government of Singapore continues to look to the capital markets to push the boundaries in developing its insurance and reinsurance market, with an ambition to further develop the ability of the sector to tap capital market appetite for risk. In revealing a new growth strategy for the Singapore financial services industry, the Monetary Authority […]

Up to $20bn in new capacity needed for Jan 2023 reinsurance renewals: JMP

A true reinsurance hard market may be around the corner, particularly in US property lines such as coastal wind exposed towers, with inflation a key driver and expected to result in a need for as much as $20 billion of new capacity to soak up demand at the renewals. Already some of the biggest US […]

Typhoon Nanmadol seen as Japanese industry loss threat

Update: See our more recent article on typhoon Nanmadol. While tropical storm Fiona may be concerning some, given the uncertainty in its eventual path, on the other side of the globe typhoon Nanmadol is seen as a relatively significant Japanese loss threat by insurance and reinsurance market interests. Typhoon Nanmadol is set to strike southwest Japan with […]

ILS continues to succeed with stable capital and expanded cat bond market: Aon

Despite industry headwinds, the insurance-linked securities (ILS) market continues to succeed, according to Aon’s Alternative Capital: Growing Markets report, which analyses trends in the sector during the 12-month period through June 30, 2022 The report includes commentary and insights on the catastrophe bond market, transaction activity, ILS-related markets – such as Industry Loss Warranties (ILW), sidecars and […]

Data shows industry loss warranty price trends. AM Best says ILW capacity rising

We’ve developed an industry-loss warranty (ILW) pricing data set from information we’ve gathered over the years, as well as recent input from our market sources that helped validate this new Artemis data service. For the moment, we have pricing on three specific triggers for industry-loss warranties (ILW’s), $50bn industry loss attachments for US earthquake, US wind […]

Alternative capital market poised to resume growth trend: Moody’s

A positive pricing momentum for reinsurance will help alternative capital – capital from investors in the form of collateralized reinsurance, catastrophe bonds and reinsurance sidecars – to restart growth after five years of poor returns, according to a recent Moody’s report. Over the past 15 years, alternative capital has grown from approximately $22bn at year-end […]

Alternative reinsurance capital could be more relevant than ever: S&P

Alternative capital could be “more relevant than ever” in the global reinsurance industry and has a chance to grow, at a time when reinsurers are looking to manage their volatility more tightly and pulling-back in some quarters such as catastrophe risks, according to S&P Global Ratings. In updating its analysis of the global reinsurance sector, […]

Reinsurance capital shrinks, ILS market share grows to 15%: Gallagher Re

Alternative reinsurance capital, so the capacity deployed through insurance-linked securities (ILS) structures including catastrophe bonds, has remained relatively flat since 2021, but with traditional reinsurance capital having shrunk, the ILS market’s share has increased, according to Gallagher Re. In a report released today, broker Gallagher Re highlights the decline in traditional reinsurance market capital, as […]