Collateralised reinsurance

The launch will bring collateralised reinsurance transforming in-house.

The platform aims to improve the liquidity of collateralised reinsurance.

Demand for collateralised reinsurance could rise in June and July if cedants set the right price, the ratings agency said.

The Veraton Re vehicle is linked to Brad Chance, a North Carolina-based investor.

Climate change and ILS strategies: reshaping the market's response

Swiss Re ceded an additional $900mn of risk to the alternative reinsurance market in 2019.

The Limited Purpose Insurer framework was set up earlier this year.

A busier cat bond market is expected while a loss of investor confidence is squeezing the collateralised and sidecar markets, said managing director of GC Securities Des Potter.

Christopher Harris, who also held senior positions at Montpelier Re, has made the move to Hudson Structured Capital Management's advisory board.

The firm is “far from a start-up” according to head of ILS business Rick Pagnani.

The reinsurer announced it is looking at setting up a separate balance sheet to write risk on behalf of third-party investors.

The CEO was speaking as Aon launched a new auction platform in Monte Carlo.