alternative risk transfer (ART) News

AGCS Names Global Leaders for Alternative Risk Transfer, Crisis Management Units

Allianz Global Corporate & Specialty SE (AGCS) has appointed Christof Bentele to the newly created position of head of Global Client Management for Alternative Risk Transfer. His previous role as head of Global Crisis Management has been split into two …

AGCS Divides Alternative Risk Transfer Team into 2 Units, Led by Boyd and Hohmann

In line with the growing importance of non-traditional insurance solutions for global businesses, Allianz Global Corporate & Specialty (AGCS) announced it is reshaping its Alternative Risk Transfer (ART) business into two new specialist teams. With effect from Nov. 1, 2018, …

Artex Risk Solutions Launches Singapore Office, Led by Pannuzzo from Aon

Bermuda-based Artex announced the creation of Artex Risk Solutions (Singapore) Pte Ltd., its first office in the region, which will oversee the growth and development of Artex’s Asia Pacific captive and risk solutions strategy. Vic Pannuzzo has been hired as …

Confusing, Costly Cyber Policies Create Obstacles to Market Growth: Deloitte

Despite the rising profile of cyber risks, buyers have failed to widely embrace cyber coverage. At the same time, insurers generally have remained cautious about writing the coverage on a large scale basis. A recent report published by accounting and …

Reinsurance Capacity Still Outpaces Demand Growth: Aon Benfield

Capacity continues to outpace the growth of reinsurance demand despite insurers’ continued efforts to optimize their view of reinsurance as capital and expand into growing lines of business and innovation, according to a report published by Aon Benfield. The report …

Mitsui Buys 15% Stake in XL’s ILS Firm, New Ocean Capital

Mitsui & Co., Japan’s second-biggest trading house, agreed to purchase a 15 percent stake in New Ocean Capital, the asset manager that was founded by XL Group Ltd. and Stone Point Capital to make insurance-related bets. Mitsui also committed $100 …

XL Catlin Launches Team to Focus on Alternative Risk Transfer Products

XL Catlin’s insurance operations has launched a new team to focus on alternative risk transfer and non-traditional insurance globally. The team, named Structured Risk Solutions (SRS), is a dedicated global underwriting unit charged with providing XL Catlin’s clients with customized …

Plenum Launches Diversified ILS Fund, Partnering with Bermuda’s Sequant Re

Plenum Investments Ltd. has launched an insurance linked securities (ILS) fund, which will invest in collateralized reinsurance transactions, to be sourced and underwritten by Bermuda’s boutique reinsurer Sequant Re. The new fund will complement Plenum’s current ILS offering and bring …

Negative Outlook for Energy Insurers May Force Sector Exit: Willis Towers Watson

Energy insurers continue to feel the pressure caused by over-supply of capital and falling demand from buyers, which may lead them to exit or scale back their participation in the energy sector, according to a report published by Willis Towers …

ILS Products Are Changing Reinsurance Industry Norms: ‘Acts of God’ Author

Second of two articles In the first article in this series, Paula Jarzabkowski, professor of Strategic Management at Cass Business School, City University London, discussed the findings of her book on the reinsurance industry, which show that the market is …