HVRRY News and Press, Hannover Rueckversicherung SE ADR From 05/25/20

The current dislocation of the mortgage insurance-linked securities ((ILS)) market due to the COVID-19 pandemic is likely to cause mortgage reinsurance rates to rise, impacting the originate to distribute model of many mortgage insurers. Over the last few years, issuance of mortgage insura...

Rating agency A.M. Best said that varying pandemic-related impacts are to be expected for the insurance-linked securities (ILS) market, with the most concerning likely the fact that collateral could be trapped for years given the significant uncertainty over potential losses. There have alre...

It's too early to say exactly how the current pandemic plays out, but the challenges are expected to provide an interesting test case for the collateralised and insurance-linked securities ((ILS)) business model, according to Frank Majors, Co-CEO and President of Nephila Holdings, and a Direct...

Business interruption claims from the COVID-19 coronavirus pandemic pose an "existential threat" to the entire reinsurance industry, broker Willis Re said Thursday. At the same time, the pressures from the pandemic are likely to push re/insurers to support their capital through de-risking an...

Third-party reinsurance capital from the insurance-linked securities ((ILS)) market and alternative capital vehicles remains a threat to the stable outlook for the global reinsurance market, rating agency A.M. Best believes. While the rating agency highlights the fact that in reinsurance "tr...

For the property reinsurance marketplace, the impacts of the COVID-19 coronavirus pandemic are expected to be largely driven by macro-economic factors, although some specific contracts could be at-risk of legislative efforts around inclusions, according to Aon (AON). In a client briefing s...

The rapid growth of mortgage insurance-linked securities ((ILS)) issuance witnessed over the past five years is expected to slow as a result of uncertainty caused by the Covid-19 coronavirus pandemic , according to analysts at Credit Suisse. Since the introduction of the first deal in 2015,...

Underlining the magnitude of the challenge that the Covid-19 coronavirus poses to the re/insurance industry, Fitch Ratings has revised its outlooks for the global reinsurance market and U.S. Property & Casualty insurance to negative. The fundamentals or sector outlook for the reinsurance...

It's business as usual in the catastrophe bond market despite the global crisis of the Covid-19 coronavirus outbreak, according to John Seo, Co-Founder and Managing Director of Fermat Capital Management. Commenting in a recent communication to his investors on the coronavirus outbreak, its e...

There is a chance some carriers choose to exit certain parts of the reinsurance market if rates do not materially improve at the next sets of renewals in 2020, with some Lloyd's players in particular finding property catastrophe underwriting uneconomical currently. Rates did not improve as m...