Collateralised reinsurance

Just a few months into 2021, the first natural-disaster headlines of the year are already occupying the minds of ILS insurance risk-takers. The snowstorms that brought freezing conditions to Texas will be a challenging event to evaluate for a number of reasons.

Covid-19 and ILS strategies: locking down diversification benefits.

The deal marks the MGA’s first foray into assuming underwriting risk.

Bermuda-based cedants would cede roughly 70-80 percent of peak cat losses to reinsurers, the body said.

The launch will bring collateralised reinsurance transforming in-house.

The platform aims to improve the liquidity of collateralised reinsurance.

Demand for collateralised reinsurance could rise in June and July if cedants set the right price, the ratings agency said.

The Veraton Re vehicle is linked to Brad Chance, a North Carolina-based investor.

Climate change and ILS strategies: reshaping the market's response

Swiss Re ceded an additional $900mn of risk to the alternative reinsurance market in 2019.

The Limited Purpose Insurer framework was set up earlier this year.

A busier cat bond market is expected while a loss of investor confidence is squeezing the collateralised and sidecar markets, said managing director of GC Securities Des Potter.