ILS

The UK's Prudential Regulation Authority (PRA), the branch of the Bank of England responsible for monitoring the stability of the financial system, is scrutinising the burgeoning insurance-linked securities (ILS) market amid concerns it could allow insurers to transfer risk too cheaply.

Congressman Bill Cassidy has called a group of ILS experts together to look into whether US flood risk could be transferred to the capital markets via catastrophe bonds

An upswing in interest rates and yields from other asset classes is less likely to affect investor demand for insurance-linked securities (ILS) than continued rate softening, Leadenhall Capital Partners CEO Luca Albertini said.

PCS and the Cayman Islands Stock Exchange are working towards listing industry loss warranty (ILW) products based on the agency's catastrophe loss data, company representatives told Trading Risk at the Monte Carlo Reinsurance Rendez-Vous.

Collateralised reinsurance writer AQR Re will close its London office from 2014, sister publication Trading Risk revealed during last week\'s Monte Carlo Rendez-Vous.

A mere five years after the collapse of Lehman Brothers and the effective closure of the capital markets, P&C reinsurers are being repeatedly warned to either adapt to the alternative capital influx or face becoming irrelevant

Lloyd's members' agent Argenta has extended the fundraising deadline for its innovative VisionRe investment vehicle by a month in order to enlist the support of more potential investors.

London-listed Catco has picked up almost a 20 percent share of the estimated $9bn indemnity retrocession market since it began underwriting at the start of 2011, but its chief product is dividing opinion amongst retro buyers and writers at the Monte Carlo Rendez-Vous.

Searchlight Capital and Pine River are among a number of investment firms understood to be looking to enter the reinsurance sector using a model similar to last year's hedge fund reinsurer start-ups.

Despite the foothold third-party capital is gaining in the property cat market, reinsurance brokers must provide a balanced offering to their clients, John Cavanagh, Global CEO of Willis Re, tells The Insurance Insider

The traditional stand-off between brokers and reinsurers over where prices are headed has been replaced by a proxy war of words over the impact of alternative reinsurance capital. The Insurance Insider compares and contrasts their views...

Scor plans to increase its capacity for cat risk while reshaping its retrocession programme in favour of greater quota-share cover to protect earnings.