ILS News
ILS NEWS
Innovation at the Centre of Convergence Discussion
A Convergence 2024 audience has heard of plans by the State of Louisiana to affect a “reinsurance and an insurance renaissance in Louisiana”. Tim Temple, the state insurance commissioner elected a year ago this month,[…]
ILS Expert: Hurricane Milton Will Change Insurance Market
Hurricane Milton will change the strategic future of the property catastrophe market, according to one ILS expert. Chris McKeown, chief executive of reinsurance ILS and innovation at Vantage Risk, said: “I thought we had retired the word ‘unprecedented’ after the last pandemic, […]
Convergence: Bermuda and Lloyd’s Collaborate
Bermuda does not know any way of developing re/insurance except through innovation. And the Bermuda and Lloyd’s markets are moving from competition to complementing each other, as demonstrated by […]
Milton Will Prove Relevance of Reinsurance
Hurricane Milton is an “unprecedently” large storm that will be a sizeable event for Florida, according to Vantage Risk Bermuda reinsurance CEO Chris McKeown[…]
Convergence: Bermuda Ready to Meet Climate Challenges Head On
Climate change poses an existential threat to Bermuda due to rising sea levels and that also makes it the perfect place from which to find solutions to climate change, a Bermuda Government minister said yesterday, […]
ILS Vehicles Can Write More Casualty Risk
The insurance-linked securities sector can underwrite more casualty risk, a broker said yesterday. Shireen Gammoh, managing director within the Legacy and Structured Reinsurance team at Howden Re in Bermuda, said the casualty and legacy markets[…]
ILS a Major Change that Drove Deconstruction of Re/insurance Balance-sheet: Convergence Panel
Speaking at ILS Bermuda’s Convergence 2024 event this week, David King, Founder and Senior Managing Director of Culpeper Capital Partners, stated that insurance-linked-securities (ILS) has been a major change that has helped drive a deconstruction of the traditional insurance and reinsurance balance-sheet.[…]
MIT Professor: New Way of Assessing Risk is Emerging
Physics-based models are emerging as an alternative way of assessing natural hazard risk rather than by historical records, a keynote speaker told the audience yesterday at Convergence 2024, the annual conference presented by ILS Bermuda […]
Sixty New Cat Bonds Registered in Past Three Years
Since 2021, the Bermuda Monetary Authority has seen more than 60 new cat bonds registered through a new three-day registration process. “It has been well received,” said Taijaun Talbot[…]