Opinion
Several themes discussed at this year’s Rendez-Vous threaten to bust reinsurers' navel-gazing habits
Emerging from the glare of the Monte Carlo Rendez-Vous – the reinsurance market’s annual gathering in Monaco – is always something of a bubble-popping moment.
Sourcing ILS capital support is really only the start of a renovation process
One of the broad industry trends at the moment is reinsurers and MGAs seeking ILS or third-party capital to replace other funding sources or underwriting paper, respectively.
Is more change yet to come?
If you rewind to Monte Carlo a decade ago, Nephila and other ILS managers were merely an exotic corner of the reinsurance markets – independent, small teams slugging away at building up franchises. Ten years on and the industry’s largest manager has just sold up to Markel in a landmark M&A deal, and the ILS top 10 have boomed from under $10bn to $68bn in size.
A one in 700 year risk may sound incredibly unlikely, but beware of model fallibility
Markel Catco investors must be prepared to take a critical look at some of the statements in the company’s half-year report.
The key climate change issue for the insurance industry is more of an existential long-term issue than a short-term threat
A new research paper suggests there could be more cause for gloom if cover becomes more unaffordable.
In the wake of last year’s catastrophe activity, ILS managers will by and large be sharing investors’ pain
ILS managers' income is going to be dented by lost performance fees.
Are reinsurers dazzled by the glare of unexpected rate increases?
Even if you’re not currently in London, you’ve probably heard about the heatwave we’re experiencing here – we are not ones to shut up about the weather.
Stickability does not need to be “at any cost” to ILS investors
ILS investors have shown that they’re not going to run from disaster losses.
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