ABILS concept awarded “Best New Asset Management Product in Central & Eastern Europe – 2016” by Global Banking & Finance Review


Extremely pleased to advise that for its ABILS concept, Phoenix CRetro has been awarded “Best New Asset Management Product in Central & Eastern Europe – ABILS” by Global Banking & Finance Review.

Global Banking & Finance Review is a leading Online and Print Magazine, which has evolved from the growing need to have a more balanced view, for informative and independent news within the financial community.

Our experienced contributors provide this quality and in-depth insight in a clear and concise way, providing leading players and key figures with up to date information within the finance sector.

Since its inception in 2011, The Awards reflect the innovation, achievement, strategy, progressive and inspirational changes taking place within the Global Financial community. The awards were created to recognize companies of all sizes which are prominent in particular areas of expertise and excellence within the financial world.


Emerging markets key to insurance growth over next decade: Munich Re


Emerging markets are expected to be the next source of insurance premium growth through the next decade, with the majority of increased penetration occurring in Asian countries, according to reinsurance giant Munich Re.

Germany domiciled reinsurer Munich Re feels that the outlook for the global insurance industry has improved over the last 12 months, despite certain, difficult economic situations.

As a result, overall, the firm expects global insurance premium growth to exceed economic growth over the next ten years, with the majority of this growth coming from emerging markets, such as Asia.


Endurance focused on Blue Capital alignment, raising funds: Charman


Endurance Specialty Holdings is focused on creating a strong alignment between itself and the operations of ILS and collateralized reinsurance fund manager Blue Capital, but would like to raise more third-party funds, according to CEO John Charman.

Endurance President and Chief Executive Officer (CEO), John Charman, has noted the already strong alignment with Endurance and Blue Capital, adding that the firm would like to increase the contribution of third-party investor-backed capacity within the Blue Capital publicly traded vehicles.

Following Endurance’s acquisition of Bermudian reinsurer Montpelier Re last year, it acquired the Blue Capital franchise, which consists of the New York stock exchange collateralized reinsurance vehicle Blue Capital Reinsurance Holdings, and the Blue Capital Global Reinsurance Fund, which is listed on the London stock exchange.


Industry loss triggers face ongoing competition from indemnity: PERILS


The use of industry loss triggers in risk transfer transactions such as catastrophe bonds and other private ILS or collateralised reinsurance arrangements, decreased in recent years as high levels of re/insurer equity capital and competition from indemnity triggers affected uptake.

Industry loss calculations and indices provide a useful proxy for insurance losses for major catastrophic events that hit the insurance and reinsurance industry. As a result they are widely used in transactions, where the protection buyer wants to receive a payout if a catastrophe event causes an impact of a certain magnitude to the re/insurance industry.

Leading industry CEOs join Insurance Development Forum


The Insurance Development Forum (IDF), an international group consisting of insurance and reinsurance industry representatives, in partnership with the World Bank and the United Nations (UN), has announced the appointment of leading industry CEOs.

The IDF was established to support governments across the globe against the rising threat of natural disasters and climate risks, to create a clearer understanding of risks, improving global resilience and increase re/insurance penetration, globally.


Collateralised reinsurance & ILS could hit $160bn by 2020: LGT’s Stahel


The insurance-linked securities (ILS) and collateralised reinsurance market could more than double in size by 2020, growing from the roughly $70 billion of capacity it provides today, to as much as $160 billion, according to LGT’s Michael Stahel.

Writing in a newly released report, Michael Stahel, Partner at LGT ILS Partners Ltd. the insurance and reinsurance linked investment specialist unit of private banking group LGT, forecasts that the ILS market may outstrip overall catastrophe reinsurance market, resulting in an increasing market share for the collateralised reinsurance product.

Entropics cat bond fund to be distributed by Skandia


Swedish catastrophe bond and insurance-linked securities (ILS) investment fund manager Entropics Asset Management AB entered into an agreement for its UCITS cat bond fund to be distributed to Swedish bank and insurance group Skandia’s clients.

The SEF Entropics Cat Bond Fund will be made available to policyholders and investment clients of Skandia holding deposit linked insurance or savings accounts.

With Skandia, a mutual company governed by its policyholders, having billions of assets under management from millions of clients, the arrangement will greatly increase Entropics reach, putting its cat bond fund in front of new potential investors.

Entropics in unhedged share class for institutional cat bond investors


Swedish catastrophe bond and insurance-linked securities (ILS) investment fund manager Entropics Asset Management AB has launched a new unhedged share class for its flagship SEF Entropics Cat Bond Fund, its first offering specifically for institutional investors.

“The new share class will meet demand from institutional investors seeking uncorrelated returns by cat bond investments and that prefer to manage their currency hedging internally,” commented Robert Lindblom, CEO of Entropics.

The cat bond fund, which launched in early 2015, is a Luxembourg domiciled SICAV, UCITS compliant structure, open to investors from institutions and high net worth retail types. This unhedged share class is the first offering from Entropics specifically targeted at more sophisticated investors to be launched.


Phoenix CRetro is one of the title sponsors and Insurance Experts for Emerging Europe initiative


For a quarter of a century since the fall of the Iron Curtain, the region has undergone a successful transformation process thus becoming a region of massive investment and trade opportunities. With the three most recent phases of expansion in 2004, 2007 and 2013, the European Union is moving east.

Today, the emerging Europe region consists of 23 countries with a population of 200 million and a nominal gross domestic product (GDP) of over $2 trillion. Most of its economies offer a very business friendly environment. The region’s countries occupy a third of the World Bank’s Doing Business Report 2016 top 50, whereas incoming foreign direct investment (FDI) amounted to $50 billion in 2014.