Alternative Capital
The emergence of a $30bn global marketplace for insurance-linked securities has served as evidence of the increasingly prominent role third-party capital now plays in risk transfer. Over the medium to long-term this sector is expected to continue its growth as investors take advantage of the low correlation insurance has with other asset classes. This section brings together Insurance Day’s coverage of alternative capital and the way it is helping reshape global insurance markets.
'Active' catastrophe bond market sees issuance up 20% in Q1
First-quarter issuance rises to $3.08bn, driven by new and repeat sponsors, increased deal volumes and spread hardening, Aon Securities reports
Sure inks first catastrophe bond deal
Texas-based reciprocal coastal home insurer secures $150m in storm cover
PRA to encourage new insurance ventures in London market
Regulator to speed up decision making process and address slow ILS market in London
US insurtech Kin closes first cat bond deal
Upsized issuance will provide Kin with $175m indemnity-based cover against losses from named storms and hurricanes impacting Florida
Catastrophe bond market outstanding volume hits record during Q1
Growth in bonds across the board seen, but doubts raised if this can be sustained
Focus: Investors, hurricane risk and climate change concerns
Good portfolio management requires an understanding of the impact of climate change: fortunately, data is available to analyse the problem
US court approves Markel CatCo buy-out
Move follows Bermuda Court's order last week that cleared way for a buy-out transaction for investors in two insurance-linked securities funds managed by Markel CatCo
Iceye collaborates with Fermat on flood data
Satellite company to provide ILS manager with data
ILS managers re-underwrite and derisk portfolios
Sector remains burdened with catastrophe losses, declining AUM and deteriorating fund performance, AM Best says
Pool Re places £100m Baltic Re bond
Terrorism reinsurer upsizes second bond issuance amid strong appetite from capital markets
ARX Holdings eyes $135m cat bond for American Strategic
Fifth Bonanza Re issuance for company
Hannover Re predicts $100bn ILS volumes in 2022
Increased market volume for both catastrophe bonds and collateralised reinsurance, reinsurance giant forecasts
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