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BMS News

ILW pricing falls against alternative rivals – Reactions

BMS’ Stefano Nicolini, SVP of our Reinsurance – Retro/ILW division featured in Reactions Magazine online discussing ILW pricing falls against alternative rivals and how the competitive environment has cut pricing on industry loss warranties in 2013.

Click here to read the article (registration required).

ILWs on standby after Sandy – Stefano Nicolini – Insurance Insider

Stefano Nicolini, SVP of BMS’ Retro/ILW team featured in Insurance Insider discussing the use of ILWs in light of Hurricane Sandy.

Click here to read the full article. (Registration needed)

Monte Carlo Rendez-vous 2012 – BMS Press

BMS experts featured in a number of thought-leadership articles during Monte Carlo Rendez-vous 2012:

CEO, Carl Beardmore:

Global Reinsurance Daily Preview

Director – P&C, Simon Clutterbuck

Business Insurance:

Reinsurers embrace growing number of alternative funding methods

Casualty lines challenge reinsurers but offer long-term opportunities

Reinsurance costs not likely to increase at year-end renewals

SVP, Retro/ILW Team, Stefano Nicolini

Reactions: Surplus ILS capital used on ILWs

 

 

Industry Loss Warranty Pricing – AM Best

BMS’ Stefano Nicolini, senior vice president with BMS Retro, featured in David Pilla’s article – ‘Curbing Enthusiasm: Industry Loss Warranty Pricing Was Set for Sharp Gains After 2011 Losses.’

The article reflects on the mild catastrophe year and the effects on the ILW pricing. Stefano talked about how there was a lot of loss activity in the beginning of 2012, driving higher expectations for the ILW market. He also discussed how if the rest of 2012 plays out without large loss activity, he thinks clients will be looking to buy addition protection in the fourth quarter, especially after the shock losses from the Thailand floods at the end of 2011.

Click here for the full article, subscription required.

Click here to access the BMS Retro/ILW information.

EXCLUSIVE ILW REPORT: Vitality from volatility?

BMS’ Stefano Nicolini featured in the Intelligent Insurer exclusive ILW report.

Click here to read the full report.

To read more about BMS’ ILW offering click here

ILW buyers becoming sellers

Stefano Nicolini, SVP,  featured in a news piece in Intelligent Insurer Magazine commenting on how reinsurers who previously bought Industry Loss Warranties (ILWs) appear to now be turning into sellers as a response to the current market.

To read the Full article please click here

PCI – Boom time in the ILW market

Stefano Nicolini, SVP BMS Retro, featured in the Reactions PCI Reporter discussing the industry loss warranty (ILW) business and the 1/1 renewals.

Stefano reported that the need for extra retrocessional cover has had a huge impact on the demand for ILW and overall will push up retro prices at January 2012. This alongside fears of the potential impact on pricing of the new RMS 11 catastrophe model and the Japanese earthquake has seen the popularity for buying ILW increase exponentially.

Click here for the full article on Page 5.

Interest in Insurance-linked Securities Rises

25 September 2011

Stefano Nicolini joined in the discussion, during the Monte Carlo Conference, around the rise in investment in insurance-linked securities (ILS). After the catastrophe-heavy first quarter of 2011, particularly the affects of the Japanese earthquake,  many felt the necessity to spend on increased industry loss warranties (ILW) and as Stefano commented, the price rose in correlation with demand. However, he added that post-Hurricane Irene demand has slowed somewhat and prices had begun to flatten out.

To read more, please click here to go to The Business Insurance website.

What is an Industry Loss Warranty (ILW)?

Stefano Nicolini, SVP BMS Retro explains what an Industry Loss Warranty is and the key role they play in the catastrophe market.  Watch the video to learn more about ILW and the vital role they play in the insurance market and how the current market conditions mean the need for them is ever more present.

Basically a ILW is a contract that can be done in a reinsurance format, on a derivative format, where the contract is triggered by an event instead of on an actual loss to the company. A trigger which is an ILW or an Industry Loss Warranty, which is based on the loss to the industry overall from a catastrophic event….watch to learn more.

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ILW u-turn as retro rates climb

Stefano Nicolini featured in Insurance Insider reviewing how the market is investing in more ILW capacity.

Visit the Insurance Insider website for the full article.