insurance linked securities (ILS) News

Reinsurance Execs See Market Adjusting to New Realities

Aon Benfield’s Reinsurance Market Analysis describes the participants as having “reached the end of a 15 year journey, featuring chronological stages of alternative capital’s significance, completion and finally disruption.” From the interviews with two reinsurance industry executives that seems to …

Catastrophe Bond Issuance Reaches Record Levels: Aon Benfield Report

Property catastrophe bond issuance for the fourth quarter 2014 stood at USD$2.1 billion across six separate transactions, contributing to a record annual property catastrophe bond issuance of USD$8.0 billion, according to a report published by Aon Benfield Securities, the investment …

A.M. Best: Reinsurers Need Underwriting Discipline in Competitive Market

Increasing competition and lower underwriting margins in the reinsurance market highlights the importance of disciplined underwriting, according to an A.M. Best briefing entitled “Global Reinsurers: Who Will Gain Despite All the Pain?” “The market is expected to remain challenging in …

Competitive Pressures Mount for Reinsurers

Reinsurers are being squeezed by price competition and subdued demand from insurers for their products, and traditional mergers may not be enough to save those that lack either global reach or specialized focus. Medium-sized, “me-too” reinsurers are ripe for consolidation, …

Reinsurance Alternative Capital Now 20% of Cat Market: Aon Benfield ILS Report

Alternative capital has captured approximately a 20 percent market share of property catastrophe reinsurance volume. That news came our of Aon Benfield Securities, which issued its annual report on the insurance-linked securities (ILS) sector and the key trends witnessed in …

‘Worst Market in Memory’ to Keep Pressure on Reinsurance Rates

The worst reinsurance market in memory looks set to carry into 2015, industry executives said. An absence of costly disasters and increasing competition from new entrants dragged on prices this year, and reinsurers may struggle to halt the slide when …

Cat Bonds Totaling $4.5 Billion Issued in Q2 2014: Aon Benfield ILS Study

Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield in its latest report on the insurance-linked securities (ILS) sector, reveals that 12 catastrophe bonds closed during the second quarter of 2014 with a …

Willis Sees Catastrophe Bonds Setting Record This Year After Busy Q2

The largest ever volume of non-life catastrophe bonds was issued during the second quarter of 2014 (Q2), according to a report by Willis Capital Markets & Advisory (WCMA), part of Willis Group Holdings. The Willis report on insurance-linked securities found …

Cat Bond Buyers Listening to Storm Forecasters, Not Buffett

Bond buyers are betting more than ever on the mercy of Mother Nature as they seek to boost yields being suppressed by central banks. Demand for notes linked to insurance against hurricanes and other natural disasters is prompting investors to …

Global Reinsurer Stocks Face Challenges in 2014: Best Special Report

A new report from A.M. Best determined that “stocks for publicly traded reinsurance companies, including the four top European players, performed below the overall market for the first quarter of 2014, declining 1.3 percent, likely due to continued concerns over …