2019 brought to an end a decade of costly events for the insurance industry, according to a new report by Aon. Bermuda:Re+ILS investigates.
China’s Belt and Road Initiative, the economic project which aims to recreate the ancient Silk Road that linked Europe to Asia, needs protecting. ILS could provide the perfect solution, as Kirill K. Savrassov, chief executive of Phoenix CRetro Reinsurance Company, tells Bermuda:Re+ILS.
While the ILS sector continues to grow and innovate, investors’ insistence on the use of tried and tested risk models, combined with a wariness of new risks, is holding the market’s development back, some cedants claim. Bermuda:Re+ILS investigates.
As reinsurers grapple with the opportunities and challenges presented by cyber risk, ILS could provide at least some of the solutions. Tom Johansmeyer, head of PCS, reviews the prospects that cyber opens up.
A year ago, there were rumours that some ILS funds were mulling launching rated carriers. Now, a number are openly discussing how this would work with regulators and investors. Bermuda:Re+ILS examines the drivers behind what appears to be a potential game-changer for the ILS sector—and why Bermuda could take centre-stage.
A burgeoning life reinsurance market and the anticipated upward trajectory for ILS are two of the biggest potential growth areas for Bermuda, while cyber risk remains both an opportunity and a challenge. PwC’s Arthur Wightman and Andy Moore discussed with Bermuda:Re+ILS what might be influencing Bermuda as it heads into 2020.
Bermuda:Re+ILS brings you the second instalment of its Bermuda’s Risk Transfer Hall of Fame—in every issue we profile five individuals who have contributed significantly to Bermuda’s journey as a global risk transfer hub.
As environmental, social and governance considerations become increasingly important to investors, this could benefit insurance-linked securities as an asset class, say John Seo, co-founder and managing director and Joanna Syroka, director of business development of Fermat Capital Management.
Bermuda remains the world’s number one ILS hub by some distance. But as the ILS landscape grows and evolves, Bermuda must also adapt and lead, Greg Wojciechowski of the Bermuda Stock Exchange tells Bermuda:Re+ILS.
It has been a long and sometimes winding history but Bermuda remains at the centre of the transformation of the insurance and reinsurance market, says Kathleen Faries, chair of ILS Bermuda.