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Attractive pricing to drive further longevity swap deals: Aon

Aon said it is expecting to see a number of large longevity swap transactions completed during the second-half of 2019, as longevity risk transfer and reinsurance pricing remains attractive.

#ART #Pensions #Longevity

·artemis.bm·Aug 28, 2019

Attractive pricing to drive further longevity swap deals: Aon

Deferred Income Annuities: Loved by Economists, Ignored by Investors

The Setting Every Community up for Retirement Enhancement (Secure) Act, which is tied up in the Senate, seeks to shield employers from fiduciary liability in choosing an annuity.

#ART #Pensions #Longevity

·thinkadvisor.com·Aug 28, 2019

Deferred Income Annuities: Loved by Economists, Ignored by Investors

PRA says collateral roll-over "should be possible" under UK ILS regime -

The United Kingdom’s Prudential Regulatory Authority (PRA), part of the Bank of England, said it should be possible for market participants to structure insurance-linked securities (ILS) that include roll-over provisions under the UK ILS regime.

#ILS #ART #Regulation #CAT

·artemis.bm·Sep 3, 2019

PRA says collateral roll-over "should be possible" under UK ILS regime -

Just Group signs longevity reinsurance deal with RGA

UK specialty life insurer Just Group has signed a deal with The Reinsurance Group of America that will reduce its exposure to longevity risk, and the associated capital requirements, for Defined Benefit De-risking Solutions business.

#ART #Pensions #Longevity

·reinsurancene.ws·Sep 5, 2019

Just Group signs longevity reinsurance deal with RGA

African Risk Capacity to pay Senegal $22m after drought triggers policy

The African Risk Capacity (ARC) is set to pay the Government of Senegal $22 million after drought triggered the countries parametric insurance policy.

#ART #CAT #ILS

·artemis.bm·Sep 5, 2019

African Risk Capacity to pay Senegal $22m after drought triggers policy

SCOR to place ILS at heart of "reinsurance company of tomorrow"

SCOR is aiming to become the “reinsurance company of tomorrow” with its latest strategic plan, part of which also includes capitalising on its position in the insurance-linked securities (ILS) market.

#ART #CAT #ILS

·artemis.bm·Sep 5, 2019

SCOR to place ILS at heart of "reinsurance company of tomorrow"

Cat bond market “here to stay” despite 2019 lull: Appleby’s Brad Adderley

There has been a distinct slowdown in cat bond issuance throughout 2019 after the heavy loss experiences of the past two years, but Appleby’s Brad Adderley maintains that the market is “here to stay” and remains poised for further growth in the years ahead.

#ART #ILS #CAT

·artemis.bm·Sep 5, 2019

Cat bond market “here to stay” despite 2019 lull: Appleby’s Brad Adderley

ILS capital now more selective, modest retreat shows: Fitch

While capital inflows have begun again in the insurance-linked securities (ILS) sector, the fact that they took a pause and ILS capacity retreated slightly before this shows that the ILS market has become more selective, according to Fitch Ratings.

#ART #ILS #CAT

·artemis.bm·Sep 5, 2019

ILS capital now more selective, modest retreat shows: Fitch

Hannover Re facilitates record number of ILS issuances in 2019

Hannover Re’s role in the insurance-linked securities (ILS) market continues to be a significant contributor to the reinsurance firms earnings, with 2019 looking set to beat records as the firm facilitates an increasing number of ILS catastrophe bond placements and ILS trades.

#CAT #ART #ILS

·artemis.bm·Sep 9, 2019

Hannover Re facilitates record number of ILS issuances in 2019

ILS market going deeper, but needs to price for trapped collateral: Experts

Panellists at the annual Munich Re insurance-linked securities (ILS) roundtable event in Monte Carlo today said that the ILS market is ready and able to go deeper into reinsurance.

#CAT #ILS #Reinsurance #ART

·artemis.bm·Sep 9, 2019

ILS market going deeper, but needs to price for trapped collateral: Experts

Third catastrophe loss year could alter ILS: Millette, Hudson Structured

A third year of sizable catastrophe losses could see some ILS investors exit the market and “change the capital market mechanism”, according to Michael Millette, founder and managing partner of Hudson Structured Capital Management.

#CAT #ILS #ART

·artemis.bm·Sep 10, 2019

Third catastrophe loss year could alter ILS: Millette, Hudson Structured

Swiss Re optimistic on ILS market‘s prospects

The continued availability of insurance-linked securities (ILS) capital in 2019 highlights the “strategic partnership” between sponsors and capital markets investors, according to reinsurance firm Swiss Re.

#CAT #ART #ILS

·artemis.bm·Sep 10, 2019

Swiss Re optimistic on ILS market‘s prospects

AXA & World Bank collaborate on first Cameroon parametric programme

The first parametric agricultural insurance programme has been launched in Cameroon, by AXA Cameroon and AXA Climate in collaboration with the World Bank Group’s Global Index Insurance Facility (GIIF).

#ART #ILS #CAT

·artemis.bm·Sep 10, 2019

AXA & World Bank collaborate on first Cameroon parametric programme

Rothesay raises £900m to back surge in new business

Rothesay said it expects to write more than £10bn of new business in 2019, a big jump on the £1bn of pension deals signed last year. It also anticipates finishing the year as the third-biggest annuity provider in the UK.

#ART #Longevity #Pensions

·ft.com·Sep 10, 2019

Rothesay raises £900m to back surge in new business

Trapped ILS collateral shrinks in 2019, as losses begin to crystalise

The amount of insurance-linked securities (ILS) and collateralised reinsurance collateral trapped after the 2017 and 2018 catastrophe losses has begun to shrink in 2019, with the overall amount trapped having declined by as much as 10% since its peak, estimates show.

#ART #ILS #CAT

·artemis.bm·Sep 11, 2019

Trapped ILS collateral shrinks in 2019, as losses begin to crystalise

Morneau Shepell purchases buy-in annuity contracts for Stelco's Hamilton Works

Morneau Shepell Ltd. in its capacity as Plan Administrator, has purchased several buy-in annuity contracts on July 9, 2019 for the Stelco Inc. Retirement Plan for Salaried Employees at Hamilton Works (the "Plan") in order to secure the benefit entitlements of all Plan participants.

#ART #Longevity #Pensions

·morneaushepell.mediaroom.com·Sep 12, 2019

Morneau Shepell purchases buy-in annuity contracts for Stelco's Hamilton Works

Legal And General Outlines The Power and Efficiency Of Amazon Web Service's Blockchain Offering

Legal & General, a British multinational financial services company, recently announced what it claims is the first blockchain system for bulk pension deals. The company said in the report that it would be using Amazon Web Services’ (AWS) blockchain system to manage and record bulk annuities for its insurance business.

#Pensions #Blockchain #Reinsurance #Longevity #Fintech #Insurance #ART

·forbes.com·Sep 13, 2019

Legal And General Outlines The Power and Efficiency Of Amazon Web Service's Blockchain Offering

Don't be too dependent on capital markets backed retro, Moody's warns reinsurers

Moody’s warns that reliance on retrocession capital is growing but that it considers increased reliance on retrocession to sustain a normal reinsurance underwriting business to be risky and weaken the capital quality of those dependent on it for support.

#ART #ILS #CAT #Reinsurance

·artemis.bm·Sep 15, 2019

Don't be too dependent on capital markets backed retro, Moody's warns reinsurers

PIC bulk annuity deals increase 81% to £6bn

Pension Insurance Corporation has completed £6bn worth of bulk annuity deals across nine DB pension schemes in the first half of 2019. This represents an 81% increase from the first half of 2018, when PIC concluded £3.3bn worth of business.

#ART #Longevity #Pensions

·pensionsage.com·Sep 16, 2019

PIC bulk annuity deals increase 81% to £6bn

Schemes urged to act on bulk annuities as funding 'crumbles'

A combination of increased interest rates, strong equity performance, reduced longevity assumptions, and insurer capacity have boosted aggregated DB scheme funding to their highest levels in several years, leading to around £29bn in UK pension risk transfer so far this year.

#ART #Longevity #Pensions

·professionalpensions.com·Sep 17, 2019

Schemes urged to act on bulk annuities as funding 'crumbles'

$70m Asagao parametric JP quake cat bond issued by Aon's White Rock

A $70 million parametric Japanese earthquake private insurance-linked securities (ILS) transaction has been issued using Aon Insurance Managers segregated accounts company White Rock.

#ART #ILS #CAT

·artemis.bm·Sep 18, 2019

$70m Asagao parametric JP quake cat bond issued by Aon's White Rock

The world is not ready to stop a global disease outbreak

"There’s widespread agreement that it’s virtually certain we are going to be facing another epidemic, or pandemic... The question is how soon—it could be many years. It could be next year."

#ART #CAT

·fastcompany.com·Sep 18, 2019

The world is not ready to stop a global disease outbreak

IMF recommends catastrophe bonds for Bangladesh

Bangladesh could benefit from the use of insurance and reinsurance structures including catastrophe bonds as a way to secure much needed capacity enabling it to better respond to natural disasters and climate related risks, according to the International Monetary Fund (IMF).

#ART #ILS #CAT

·artemis.bm·Sep 23, 2019

IMF recommends catastrophe bonds for Bangladesh

Court ruling on Prudential annuities deal poses dilemma for insurers

Life insurers Prudential and Rothesay are set to decide within days whether to appeal against last month’s shock court decision to block a £12bn annuity deal. The deal, which required a court-approved process called Part VII transfer, was part of Prudential’s plan to split its UK business from its Asian and US operations.

#ART #Longevity

·ft.com·Sep 23, 2019

Court ruling on Prudential annuities deal poses dilemma for insurers

Hudson Structured raises $300m from Indiana & Maryland state pensions

The Indiana Public Retirement System and the Maryland State Retirement and Pension System have selected Hudson Structured to manage some of their ILS and reinsurance linked investments for them.

#ART #ILS #CAT #Reinsurance

·artemis.bm·Sep 24, 2019

Hudson Structured raises $300m from Indiana & Maryland state pensions

Parametric ILS "vital" to reduce protection gaps, increase resilience: Mark Carney, Bank of England

Mark Carney: “New products, such as insurance-linked securities based on parametric triggers, are vital to help reduce macro protection gaps and increase resilience... These are generally cheaper to structure and administer and more efficient to blend with commercial finance if required.”

#Reinsurance #ILS #ART #CAT

·artemis.bm·Sep 25, 2019

Parametric ILS "vital" to reduce protection gaps, increase resilience: Mark Carney, Bank of England

Cycle still relevant, but ILS capacity still squeezed: Shiv Kumar, GC Securities

The industry has seen improved pricing in the property catastrophe reinsurance market during 2019, a correction that shows the reinsurance cycle is still relevant, according to Shiv Kumar.

#ILS #CAT #ART #Reinsurance #UnitedStates

·artemis.bm·Sep 26, 2019

Cycle still relevant, but ILS capacity still squeezed: Shiv Kumar, GC Securities

Eclipse Re in sixth cat bond of year, total issued in 2019 hits $280m

The Horseshoe Group managed private catastrophe bond and insurance-linked securities (ILS) issuance vehicle Eclipse Re Ltd. has completed its sixth transaction of 2019, taking the total risk capital issued using the transformer to just shy of $280 million for the year so far.

#CAT #ILS #ART #UnitedStates

·artemis.bm·Sep 26, 2019

Eclipse Re in sixth cat bond of year, total issued in 2019 hits $280m

Rothesay chalks up another record with Allied Domeq pension deal

In a GBP 3.8 billion buy-in deal, Rothesay Life will guarantee the benefits for 17,000 pensioners and around 10,000 workers in the Allied Domecq Pension Fund, taking Rothesay’s total assets past GBP 50 billion. This is the largest deal covering yet-to-retire members.

#ART #Longevity #Pensions

·reuters.com·Sep 27, 2019

Rothesay chalks up another record with Allied Domeq pension deal

Parametric triggers can expand the limits of insurability: Swiss Re

Parametric triggers, coupled with increasingly granular data and technology, can “expand the limits of insurability” according to Swiss Re, especially when it comes to non-physical damage business interruption (NDBI).

#ART #ILS #CAT #Reinsurance

·artemis.bm·Sep 27, 2019

Parametric triggers can expand the limits of insurability: Swiss Re