Insurance-linked securities
Insurance-linked securities or ILS are single- or multiple-tranche securitisations facilitating the transfer of risk from the insurance sector to the capital markets. This transfer of risk usually references either catastrophe risk or life risk, though there have been securitisations of other insurance risk, such as motor. Catastrophe risk deals involve the transfer from one party to another of natural catastrophe risk, typically from non-life insurers or reinsurers via the capital markets to investors. It is facilitated by a variety of instruments, chief among them are catastrophe bonds or cat bonds; catastrophe risk obligations (CROs), which utilise collateralised debt obligation (CDO) technology to transfer risk to investors in multiple tranches; and industry loss warranty (ILW) based structures. Life risk transfer involves the transfer of longevity, mortality and pandemic risk from one party to another, typically from life insurers or life reinsurers via the capital markets to investors. Chief among the products used in this sector are life securitisations; life settlement securitisation; and longevity and mortality bonds.
-
Securitisation leader named
Hannover Life Reinsurance Company of America (Hannover Re US) has promoted Dale Mensik to svp, finan...
Job Swaps 4 May 2016 -
TigerRisk builds ILS trading capability
TigerRisk Capital Markets & Advisory has received FINRA approval to trade catastrophe bonds...
Job Swaps 4 May 2016 -
Kane platform rebranded
Artex Risk Solutions has rebranded the insurance management operations it recently purchased from Ka...
Job Swaps 4 May 2016 -
London touted as cyber ILS hub
The London ILS market is "perfectly positioned to become the global centre for cyber risk insurance"...
News Round-up 27 April 2016 -
SCI Start the Week - 25 April
A look at the major activity in structured finance over the past seven days
Pipeline Last week's pipeline additions were concentrated in ABS. There were six new ABS announced,...
News 25 April 2016 -
Cat bond issuance hits record
Catastrophe bond issuance set new records for issuance in 1Q16, according to Aon Benfield's quarterl...
News 21 April 2016 -
Global ILS head poached
TigerRisk Partners has recruited Philipp Kusche as partner and global head of ILS and capit...
Job Swaps 19 April 2016 -
SCI Start the Week - 18 April
A look at the major activity in structured finance over the past seven days
Pipeline Last week there were nine ABS deals added to the pipeline. A further three RMBS and two CM...
News 18 April 2016 -
Bermuda law firm beefs up
Harneys has recruited corporate and insurance lawyer Michael Skrbic as counsel in its Bermuda office...
Job Swaps 14 April 2016 -
Cat bond fund launched
Lombard Odier IM has launched its first catastrophe bond fund, following its recruitment dr...
News Round-up 13 April 2016 -
Hedging operation
Debut oprisk ILS prepped
Credit Suisse is prepping a unique Sfr700m ILS deal. Referred to as OperationalRe, it will utilise c...
News Analysis 12 April 2016 -
Firms form collateralised ILS fund
Plenum is launching a new ILS fund to invest in collateralised reinsurance transactions to be source...
News Round-up 12 April 2016 -
SCI Start the Week - 11 April
A look at the major activity in structured finance over the past seven days
Pipeline Pipeline activity picked up again last week. There were 10 ABS additions, as well as an...
News 11 April 2016 -
Capital markets unit adds DCM director
Macquarie Capital has appointed Warrick Booth as md in its European debt capital markets team. He wi...
Job Swaps 7 April 2016 -
Parametric pricing app launched
Risk Management Solutions (RMS) has launched a new cloud-based app that provides the ability to asse...
News Round-up 7 April 2016 -
SCI Start the Week - 4 April
A look at the major activity in structured finance over the past seven days
Pipeline The week following Easter marked a slow-down in the pace of deals joining the pipeline. At...
News 4 April 2016 -
ILS lawyer added in NY
Winston & Strawn has appointed Keith Andruschak to its corporate practice in New York as a p...
Job Swaps 31 March 2016 -
Everest names risk head
Everest Re Group has tapped Michael Kerner as its new evp and head of strategy and risk management....
Job Swaps 31 March 2016 -
Artex makes another acquisition
Artex Risk Solutions has strengthened its ILS capabilities further by acquiring Hexagon Insurance an...
Job Swaps 30 March 2016 -
PartnerRe names chairman, ceo
John Elkann has been appointed as chairman of PartnerRe's board of directors, while Emmanuel Clarke&...
Job Swaps 29 March 2016 -
Kane sells ILS business
Artex Risk Solutions is set to acquire Kane's insurance management operations (KIM), with the deal e...
Job Swaps 22 March 2016