ILS

Reinsurance buyers are looking for long-term capacity in a backlash against the alternative market ahead of the 1 January renewals, Scor CEO Denis Kessler told The Insurance Insider.

As reinsurers and buyers gather in Arizona for PCI, the message from their European counterparts in Baden-Baden last week was clear: prepare for tough negotiations and embrace alternative capital.

Amlin has completed its previously announced agreement to increase its stake in insurance-linked securities (ILS) fund manager Leadenhall Capital Partners from 40 percent to 75 percent.

Some $3.8bn of cat bonds will come off-risk in the next two quarters in an unprecedented volume of maturities within the market, Munich Re noted in its latest quarterly insurance-linked securities (ILS) report.

Amlin has signed a definitive agreement to lift its stake in insurance-linked securities fund manager Leadenhall Capital Partners (LCP) from 40 percent to 75 percent, the Lloyd's carrier announced today (24 October)

The £500mn subordinated bond being placed by the Corporation of Lloyd's has attracted £1bn of orders from institutional investors, driving pricing down, according to a press release from lead bank Citigroup.

The influx of third party capital is disrupting the traditional value chain of the insurance industry, according to the European head of Tokio Millennium Re.

The blurred boundaries between the traditional roles of carriers, reinsurers and brokers should be embraced as an opportunity by reinsurers rather than being seen as a threat, according to Brian Duperreault

Insurance-linked securities (ILS) issuance in 2014 is still likely to break the record despite a quiet third quarter, Willis Capital Markets & Advisory (WCMA) said in its latest report on the market

The soft reinsurance market is promoting a "risk-on mentality" among Florida domestic insurers (FDIs), according to Heritage Insurance chairman and CEO Bruce Lucas

A panel of reinsurance buyers at the Trading Risk New York Rendez-Vous said that despite increasing talk of a two-tier market, they were keen to maintain a broad base of counterparties on their placements

Aon Benfield Securities CEO Paul Schultz has predicted an acceleration of alternative capital flowing directly to insureds, following the Metropolitan Transportation Authority's shift towards collateralised protection and the launch of the MetroCat bond