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Specific structures adapted to the ILS market are likely to be required if alternative capital is to expand more broadly into the corporate insurance sector, panellists at the Sifma IRLS 2016 conference agreed.
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Insurers should consider much greater use of securitisation to move to a more efficient "version 2.0" operating model, according to former American International Group executive Samir Shah.
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Hannover Re and Everest Re both added about $100mn of new retro support to their sidecars in January 2016.
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AlphaCat and Mt Logan Re significantly expanded their premium base throughout 2015, as their parent reinsurers continued to build out their asset management platforms.
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Sidecar returns remained in the mid-to-high teens on an annualised basis in 2015, although softening was still apparent.
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The January reinsurance renewals saw diverging outcomes for the US and non-US markets, as Guy Carpenter's global property catastrophe rate-on-line index fell 8.8 percent from a year earlier.
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The retrocession market registered a significant softening of terms and conditions in the January renewals as specialty lines of business were increasingly covered alongside property catastrophe risk.
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The decade-long major US hurricane landfall "drought" since Hurricane Wilma struck in 2005 has been highlighted by the meteorological community, catastrophe modellers and the insurance sector alike as extraordinarily rare
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For any ILS transaction, the structure of the trigger mechanism is critical to determining whether a sponsor receives a loss payment following a catastrophe event, thereby causing a loss to investors
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A change in US reserving rules kicked off the year in the life sector, causing a crunch in the number of reserve financing and embedded value (EV) financing deals, according to Milliman
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The ILS funds market caught the M&A fever seen across the traditional reinsurance sector this year as its rate of growth significantly slowed
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The record-setting 2014 was always going to be a hard year for the cat bond market to follow in terms of business volume