ILS
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The over-estimation of losses by modellers led the ILS market to raise capital amid anticipation of higher rates.
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The London-based ILS manager still needs to find a managing agent to sponsor the sidecar syndicate for 2019. -
Aurous Risk Partners will work to match risk to various forms of capacity, including alternative capital via fronting carriers.
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Liz Breeze replaces Yuval Abraham and will be based in Bermuda.
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More involvement on co-investment and co-participation will be key for reinsurers in the future, says AXA XL’s Daniel Brookman.
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The Allianz unit carves out a specialist ILS business to be led by Richard Boyd, who is now CUO of the alternative risk transfer business.
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Cedants seeking to recall collateral that had been released and commuted are demonstrating “unrealistic” behaviour, Horseshoe Group CEO Andre Perez said.
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Amundi Pioneer has allocated at least $15mn to the new issuance across several of its funds.
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The storm is on track to hit the northern tip of Japan's Honshu island and the south of Hokkaido island.
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The just-launched platform will connect holders of long-tail insurance risks with investment funds.
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About $24.8bn of ILS outstanding emanated from the North Atlantic island as of March, according to the Bermuda Monetary Authority.
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Some contracts may also require the reinsurer to re-capitalise any shortfall in anticipated claims.
