ILS

Tradition has partnered with Lloyd's intermediary Alwen Hough Johnson (AHJ) to access the Lloyd's and London markets for specialised retro products, including industry loss warranties (ILWs).

The longevity swap market is "poised to grow" to £5-10bn in several years...

Everest Re's Gallagher to retire; ILS returns fall 60% year-on-year; Allianz settles all WTC claims with NY Port Authority; Munich Re to bear brunt of $200mn RusHydro loss; Rating agencies clash on reinsurance outlook...

Disappointing trading volumes in insurance-linked derivatives have pushed the world's largest interdealer broker ICAP plc and insurance intermediary JLT to close their joint venture vehicle, ICAP-JLT Ltd.

Despite little shortage of traditional reinsurance capacity, the talk in Monte Carlo this week will be of the likelihood of growing competition from insurance-linked securities (ILS) in 2010.

Despite (re)insurers' best attempts to persuade policymakers and regulators they are not banks, the zeitgeist is towards ever-higher capital ratios which could impact margins.

The influential International Association of Insurance Supervisors (IAIS) is producing common standards and guidance for the supervision of (re)insurance risk transfer to the capital markets.

Ratings agency Moody's Investors Service has upgraded two tranches of notes on Brit Insurance's 2007 cat swap deal, Fremantle Ltd, as the likelihood of a loss diminishes while the transaction moves closer to maturity in June 2010.

The International Association of Insurance Supervisors (IAIS) said that despite the problems thrown up in the wake of the Lehman Brothers collapse, the insurance-linked securities (ILS) market is likely to keep developing.

Beazley Group is looking to launch a Names-backed special purpose syndicate (SPS) to reinsure its treaty account in time for 1 January 2010, which would make it the latest Lloyd's (re)insurer to utilise the sidecar-style structure

Beazley Group is looking to launch a Names-backed special purpose syndicate (SPS) to reinsure its treaty account in time for 1 January 2010, which would make it the latest Lloyd’s (re)insurer to utilise the sidecar-style structure.

Lloyd's insurer Amlin will consider a modest increase to the capacity on its Special Purpose Syndicate 6106 in 2010, reflecting its belief that retrocessional reinsurance will continue to be scarce and expensive going forwards.