Speaking in a recent video interview with our sister publication Reinsurance News, James Vickers, Chairman of Gallagher Re’s International division, suggested that the excess capacity coming into the insurance-linked securities (ILS) space will help to drive innovation and support the development of new lines of business.Commenting on the record year for cat bond issuance in … Read more
Mereo Insurance, the Bermuda-based start-up with former AIG CEO Brian Duperreault as its Chairman, has now finalised a $700m+ capital raise for its equity balance-sheet we understand, gaining an ‘A-‘ rating from AM Best, while the company also deployed around $250m in capacity from its insurance-linked securities (ILS) fund at the January reinsurance renewals.Mereo Insurance … Read more
Euler ILS Partners, the specialist insurance-linked securities (ILS) investment manager, has issued an updated event report for the California wildfires, saying it believes the insurance industry loss may sit between $23 billion to $33 billion.In January, the investment manager released its first event report from the wildfires, where analysts initially estimated that insured losses from … Read more
According to Eric Andersen, President of broking giant, Aon, the insurance-linked securities (ILS) market continues to be a very “boutique business within reinsurance” for the firm, in terms of the scale of the traditional reinsurance treaties seen across the industry on property cat, liability and specialty.Andersen noted that ILS is a growth area though and … Read more
According to independent insurance-linked securities (ILS) investment manager Euler ILS Partners, the Los Angeles, California wildfires could have a significant impact on US pricing, especially if insurance industry losses were to exceed $30 billion.As we’ve been reporting, official reports state that over 17,000 structures have been damaged or destroyed by the wildfires, and the first … Read more
