There is major scope for AIG to build products for the insurance linked security (ILS) market, AIG’s president and chief executive officer Brian Duperreault has said.
Alternative capital available in the (re)insurance market has hit $98bn – a record for the sector - according to Aon Securities.
JLT Re has taken Aon Benfield’s corporate solutions director Vijay Mavani as the broker looks to expand its Global Capital Solutions business.
The industry’s understanding of its full loss exposures to major cyber events took a significant step forward this week with the launch of a new cat cyber loss index that may eventually lead to greater reinsurance and retro capacity being devoted to the fast expanding class.
Markel is set to control around a fifth of the global ILS space after a shock deal to acquire alternative capital giant Nephila, the carrier announced today.
Lloyd’s managing agencies overwhelmingly support ILS becoming a permanent fixture within the Corporation, a survey by the LMA has found.
Global alternative reinsurance capital had climbed to $95bn by the end of first quarter, an increase of 7 percent from the end of 2017, according to estimates by Aon Benfield.