UK Government confirms plans for captive insurance regime
In the wake of a consultation on the creation of a captive regime in the UK, the UK Government, working closely with the financial regulators, has announced that it intends to proceed with the introduction of a new UK captive insurance framework. The government’s view is that a new captive insurance framework will help cement […]
ILS helps absorb the megaton risks insurers can’t carry alone: MLC
As climate-driven disasters continue to intensify globally, insurance-linked securities (ILS) are being positioned not only as a source of uncorrelated returns but as essential social infrastructure, according to Gareth Abley and Jehan Sukhla, Co-Heads of Alternatives at MLC Asset Management. In a report authored by Abley and Sukhla, the pair note: “One of the reasons […]
Supercede introduces free Lloyd’s SRS return automation following Cohort 14
Supercede, the reinsurance technology platform, has introduced a new feature that automates the production of Lloyd’s Syndicate Reinsurance Structure (SRS) returns. The feature was developed following Supercede’s involvement in Cohort 14 of the Lloyd’s Lab Accelerator, which included a focus on enhancing reinsurance workflows for the Lloyd’s market. Addressing a commonly cited bottleneck in the […]
Some retro buyers more “commercial” on rolling trapped collateral at renewals: Gallagher Re
The supply-demand balance for global non-marine retrocession continued to tilt in buyers’ favour, as cedants were presented with opportunities to expand their retro purchases at the mid-year reinsurance renewals and some market participants took a commercial view on collateral trapping, according to Gallagher Re. As per the reinsurance broker’s 1st View report, occurrence retrocession excess […]
BIS: Incorporating physical climate risks into banks’ credit risk models
Summary Focus The Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision, has agreed to prioritise further analysis on the financial risk implications of extreme weather events and tasked the Basel Committee with analysing the impact of such events on financial risks. However, a […]
Dovetailing prospective & retrospective solutions the best use of legacy: Jass, Augment Risk
In a recent interview with Reinsurance News, Jag Jass, Partner – Retrospective at reinsurance broker Augment Risk, explained that while there will always be a place for larger transactions targeting toxic liabilities and discontinued lines of business, legacy is best used when dovetailing an approach from a prospective and a retrospective standpoint. Jass joined Augment […]
Catastrophe bond issuance breaks annual record already in 2025 at over $17.8bn
Catastrophe bond issuance has already beaten the headline annual record in 2025, as new deals have taken the figure to over $17.8 billion, beating last year’s record and putting the $20 billion milestone clearly in sight, according to Artemis’ data on the market. The record for annual catastrophe bond issuance, by Artemis’ data, fell at the […]
World Bank panel highlights ‘astronomical growth’ of cat bond market
The catastrophe bond market is undergoing a dramatic transformation, marked by record-breaking growth, expanding risk coverage, and rising global participation. These themes were explored by industry leaders during a panel session at the World Bank’s Innovating for Impact: Scaling Outcome Bonds and Catastrophe Bonds event in Luxembourg. Moderated by Alexandre Delacroix, Executive Director at reinsurance broker Gallagher […]
Swiss Re targets $65m retro wind / quake cover with Matterhorn Re 2025-2 cat bond
Global reinsurance company Swiss Re has returned to the catastrophe bond market for the second time this year, aiming to secure $65 million or more in North American earthquake and named storm retrocession from investors, through a Matterhorn Re Ltd. (Series 2025-2) transaction, Artemis has learned. This issuance will be the thirteenth takedown under Swiss Re’s Matterhorn […]
ILS drives structural flexibility and softer pricing at July renewals: Gallagher Re
A wave of alternative capital, led by a record-setting surge in catastrophe bond issuance, helped reinsurers meet growing demand without pushing prices higher at the July 1 renewals, according to Gallagher Re, as cedants secured improved terms in property and specialty lines. While traditional reinsurance capital reached a new high of $769 billion at year-end […]