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ILS a “historically significant diversifier” from financial markets: Taylor, Nephila

artemisORIGINAL PUBLICATION HERE

The once niche insurance-linked securities (ILS) asset class has matured into an influential part of the global reinsurance industry, helped by its solid performance during financial market turmoil and it’s ability to efficiently allocate capital. In a recent paper, Nephila Capital’s Laura Taylor highlighted such benefits of the space.

At more than $75 billion in size, the majority of which comes from either collateralised reinsurance or catastrophe bond transactions, the ILS space is now widely viewed as a permanent and influential part of the re/insurance landscape.

Nephila Capital, the world’s largest ILS fund manager with assets under management (AuM) of around $10 billion has, along with others in the space, witnessed the evolution of the investor base and the overall growth of the market.

Global Banking And Finance Review Magazine Awards 2016

Global Banking & Finance Review Magazine announces the list of award winners for 2016

LONDON, ENGLAND, December 24, 2016 /24-7PressRelease/ — Global Banking and Finance Review is privileged to honour those financial institutions who have achieved outstanding results and who stand out in their particular area of expertise in the banking and finance industry.

Global Banking & Finance Review would like to congratulate the award winners and look forward to their continued success. The awards were created to recognize companies of all sizes that are prominent in particular areas of expertise and excellence within the financial community. They reflect the involvement of leading financial organizations and recognize the accomplishment, achievement, innovation, strategy, progressive and motivating changes taking place within the financial sector.

Goodbye 2016, hello 2017—year-end analysis and predictions

ORIGINAL PUBLICATION HERE

As we approach the end of the year, Bermuda:Re+ILS asked senior re/insurance executives in Bermuda to review the most significant industry events of 2016 and offer their predictions for what 2017 will hold for the Bermuda market.

Kathleen Reardon, CEO of Hamilton Re

What were the three most important developments in the re/insurance industry in 2016?

Brexit and Trump will influence Bermuda in 2017, say reinsurance execs in year-in-review

<img class="alignleft size-full wp-image-3982" src="http://www prix du viagra au quebec.phoenix-re.co.uk/wp-content/uploads/2015/10/Bermuda-Re-logo2-e1445703836775.gif” alt=”Bermuda-Re-logo” width=”154″ height=”31″ />ORIGINAL PUBLICATION HERE

Unexpected political upheavals including the votes that mean the UK will leave the EU and that Donald Trump becomes the next president of the US, will define 2016 when the industry looks back—and will also determine the tone and direction of travel for 2017.

As 2016 drew to a close, Bermuda:Re+ILS asked a number of re/insurance executives for their opinions on the most important developments in the sector in 2016 and what they expect to see in 2017. The full range of comments from these executives can be read here.

ILS capital growth triggers cycle management in reinsurance: A.M. Best

ORIGINAL PUBLICATION HERE

The steady year-on-year growth of alternative capital from the capital markets and insurance-linked securities (ILS) funds has triggered cycle management in the reinsurance market, as those capable seek to navigate around the pressure it creates, according to A.M. Best.

A.M. Best logoRating agency A.M. Best explains alternative capital in reinsurance as a factor that looms like “an additional pressure-bearing front” alongside the other pressures which make the agency maintain its negative sector outlook for the global reinsurance industry.

The long-term viability of the reinsurance business model is at risk, A.M. Best said yesterday and the ongoing, steady growth of ILS or convergence capital in the reinsurance industry remains a key factor that is adding to the pressure traditional reinsurers face.

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January 2017 renewals “orderly but delayed” as ILS expands further

artemisORIGINAL PUBLICATION HERE

The January 1st 2017 reinsurance renewals are taking longer to come to market and to close, resulting in a more delayed renewal than seen in recent years but with the market remaining orderly, according to analysts at KBW.

January 1st reinsurance renewal calendar imageAt the same time there is no shortage of insurance-linked securities (ILS) capital ready to be deployed into any attractive opportunities that emerge and while ILS capacity growth has slowed through 2016, the expansion of the collateralised market is continuing.

In recent years the January renewal has seen reinsurance submissions presented increasingly early on in the prior year, as some ceding companies have looked to seal their coverage in advance of the end of year rush.

Ex-ante insurance can help close protection gap: Levy, World Bank

ORIGINAL PUBLICATION HERE

Insurance solutions enhance the financial response capacity of countries in the face of natural disasters, and more and more regions are showing a willingness to improve risk management and utilise ex ante solutions, according to Joaquim Levy of the World Bank.

The need and desire from both the public and private sector to close the global protection gap (difference between economic and insured losses post-event) has become apparent in recent times, and emphasised by the efforts of global organisations such as the World Bank, the UN, and a range of insurance and reinsurance companies.

Royal Bank of Canada unit Rochdale launches ILS interval fund

ORIGINAL PUBLICATION HERE

A mutual fund investment management unit subsidiary of the Royal Bank of Canada has launched a prospectus for the City National Rochdale Reinsurance Premium Fund, a new ILS and reinsurance interval investment fund.

The interval ILS and reinsurance linked mutual investment fund is being offered to investors by investment advisor City National Rochdale, LLC, which is a wholly-owned subsidiary of City National Bank, which is in turn a wholly-owned subsidiary of an entity named RBC USA Holdco Corporation, which is a wholly-owned indirect subsidiary of Royal Bank of Canada.

Royal Bank of Canada and Los Angeles-based City National Bank merged in November 2015, bringing investment manager City National Rochdale into its fold, as an asset manager focused on creating and managing personalised portfolios for high-net-worth individuals, families, and foundations.

Disasters affect sovereign ratings, cat bonds a risk transfer option

ORIGINAL PUBLICATION HERE

Natural disasters, such as weather and geophysical catastrophe events, have been the direct cause of sovereign rating defaults in the past, but risk transfer, insurance and reinsurance can all help to support sovereign credit worthiness, with catastrophe bonds a tool available to help countries manage disaster risk.

Natural catastrophes cause an increasing amount of economic loss to countries around the globe and the incidence of disasters has been seen to increase over the last 35 years, with now almost 1.5% of GDP per year on average lost, according to a report from Moody’s Investors Service.