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Economic losses caused by storms, earthquakes and other natural catastrophes easily topped $1 billion in January, according to estimates by Aon Benfield. Four windstorms in Europe and a powerful Nor’easter in the northeastern region of the United Sta...

Bermuda faces strong competition for lucrative insurance-linked securities business, the Island’s stock exchange chief warned yesterday. Greg Wojciechowski, president and CEO of the Bermuda Stock Exchange (BSX) said that established rivals like the C...

Insurance-linked securities could be heading for a second successive year of record issuance, says a unit of global insurance and reinsurance broker Willis Holdings Ltd. Willis Capital Markets & Advisory said in a report that investor interest was co...

News of nearly half a billion dollars of new alternative reinsurance capital emerged yesterday, as the flow of third-party money into the industry continues unabated. The Bermuda Stock Exchange (BSX) announced the listing of $290 million worth of not...

Alternative capital is likely to survive alongside traditional reinsurance companies as the industry finds an effective balance between the two. That is the view of Lixin Zeng, the chief executive officer of Validus Re’s alternative capital managemen...

Insurance-linked securities services specialist Horseshoe Group has expanded its operations to Gibraltar. The firm’s move comes after Gibraltar finalised its own ILS guidelines, launching its own bid for market share in the booming sector. Horseshoe,...

Bermuda has long been known as a centre of excellence and innovation in the world of re/insurance. Nowhere is this more evident than in the rapidly growing field of offshore life re/insurance and annuity products. Life re/insurance today represents ...

Catastrophe bonds are becoming a progressively cheaper form of reinsurance as the dynamics of the insurance-linked securities (ILS) sector change. That is the view of Tony Ursano, chief executive officer of Willis Capital Markets and Advisory (WCMA),...

With ratings agency Fitch Ratings recently publishing an update of its methodology for rating insurance-linked securities (ILS), now is a good time to explore the rise of ILS from an unconventional form of risk transfer to the conventional method of ...