Latest news with #risktransfer
Zawya
7 days ago
- Business
- Zawya
IHC, RIQ announce strategic 10-year alliance anchored by over $500mln in reinsurance premiums
ABU DHABI: RIQ, the AI-native reinsurance platform purpose-built for the future of global risk transfer, has entered into a preferred reinsurance partnership with IHC, anchored by a targeted allocation of over USD 500 million in risk coverage within the coming decade. Based in Abu Dhabi Global Market and launched earlier this year by IHC in partnership with BlackRock and Lunate, RIQ will offer a full suite of reinsurance solutions, working closely with IHC and its portfolio companies to structure capital-efficient coverage across complex Specialty and Property and Casualty (P&C) risk classes. Leveraging advanced data modelling and AI-augmented underwriting, the platform is purpose-built to meet the demands of a rapidly evolving risk environment. This partnership represents IHC's commitment to pioneering intelligent capital deployment and transformative risk transfer solutions. By leveraging RIQ's AI-powered infrastructure, IHC aims to enhance the resilience and operational agility of its group companies. The collaboration also aligns with Abu Dhabi's ambition to lead globally in structured reinsurance and financial innovation. RIQ is currently advancing through its regulatory journey with the Financial Services Regulatory Authority (FSRA) of ADGM, as it moves toward formal authorization as a reinsurer. In parallel, final preparations are underway for the execution of the reinsurance transaction between IHC and RIQ, which remains subject to regulatory clearance. This transaction will mark a foundational step in RIQ's operational rollout. Syed Basar Shueb, CEO of IHC, said: 'This partnership reflects IHC's conviction in the transformative power of intelligent capital and data-driven risk transfer. By aligning with RIQ, we are catalyzing the next chapter of Abu Dhabi's evolution as a global center for reinsurance innovation. This is not just a financial commitment, it is a strategic investment in the future of resilient infrastructure and industrial agility.' Mark Wilson, CEO of RIQ, noted: 'We are proud to collaborate with IHC in this milestone partnership. RIQ's platform is engineered to deliver intelligent risk solutions at pace, fusing advanced analytics, underwriting discipline, and strategic capital. This announcement marks a defining step in our mission to reshape global reinsurance from Abu Dhabi outward.'' Additional strategic updates are expected in the coming months, as RIQ executes on its global buy-and-build strategy. With over USD 1 billion in equity commitments from IHC and strategic partners BlackRock and Lunate, and anchored in AI-native infrastructure, RIQ aims to ultimately write USD 10 billion per year, redefining the future of reinsurance through intelligence, scale, and strategic discipline.
Yahoo
22-07-2025
- Business
- Yahoo
Milliman analysis: Competitive pension risk transfer costs continue to fall, slip to 100.2% during June
Competitive bidding process saves about 3.7% of buyout costs as of June 30 SEATTLE, July 22, 2025--(BUSINESS WIRE)--Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). During June, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process dropped from 100.8% to 100.2% of a plan's accounting liabilities (accumulated benefit obligation, or ABO). That means the estimated retiree pension risk transfer (PRT) cost is now 100.2% of a plan's ABO. During the same time period, the average annuity purchase cost across all insurers in our index fell from 104.4% to 103.9%. The competitive bidding process is estimated to save plan sponsors about 3.7% of PRT costs as of June 30, 2025. "The competitive annuity index showed additional improvement in June, getting even closer to break-even at 100.2%, as accounting rates fell even more than insurer annuity purchase rates," said Jake Pringle, Milliman principal and co-author of the MPBI. "This has been encouraging for plan sponsors, as deals seemed to heat up in the second quarter and many have PRT projects set to complete by the end of the year." The MPBI compares the FTSE Above Median AA Curve to the annuity purchase composite interest rates from nine insurers to estimate the competitive and average costs of a PRT annuity de-risking strategy. Individual plan annuity buyouts can vary based on plan size, complexity, and competitive landscape. View the complete Milliman Pension Buyout Index. To receive regular updates with Milliman's pension buyout analysis, contact us at pensionbuyout@ About Milliman Milliman leverages deep expertise, actuarial rigor, and advanced technology to develop solutions for a world at risk. We help clients in the public and private sectors navigate urgent, complex challenges—from extreme weather and market volatility to financial insecurity and rising health costs—so they can meet their business, financial, and social objectives. Our solutions encompass insurance, financial services, healthcare, life sciences, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. Visit us at View source version on Contacts Jake PringleMilliman, +1 713 202 Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Reuters
08-07-2025
- Business
- Reuters
UniCredit Bulbank sells risk on 2.1 bln euros in business loans to Dutch pension fund
MILAN, July 7 (Reuters) - The Bulgarian unit of Italian bank UniCredit ( opens new tab has completed a 2.1 billion euro ($2.5 billion) transaction with PGGM, the asset manager of Dutch healthcare workers' pension fund PFZW, to shift risk on corporate loans. The transaction, dubbed Project ARTS Silver-2, is the largest of its kind in Bulgaria and one of the biggest ones in central and eastern Europe (CEE), UniCredit said. Banks use significant risk transfer transactions to free up capital that would be otherwise tied up against their loan book for regulatory purposes. Under such deals, which are described as synthetic because there is no sale or transfer of the underlying assets like in an ordinary securitisation, banks shift asset risk off their balance sheet. With Project ARTS Silver-2, UniCredit Bulbank sold the second loss tranche of a securitised portfolio of corporate and small business loans to PGGM. It retained the first loss and senior tranches. Securitising an asset entails issuing notes backed by the assets. UniCredit's latest deal follows Project ARTS Morava which UniCredit completed in 2024, also with PGGM. "The size of the deal and the resulting capital reliefs, achieved both at bank and group level, confirm UniCredit's strategy on capital efficiency," said Stefano Chiarlone, head of balance sheet management at UniCredit. "After Italy and Germany, UniCredit has successfully expanded Significant Risk Transfer (securitisations) to the CEE area, where this transaction represents our fifth deal." ($1 = 0.8520 euros)
Bloomberg
04-07-2025
- Business
- Bloomberg
Commerzbank Plans to Sell SRT Tied to €2 Billion of Loans
By and Arno Schuetze Save Commerzbank AG plans to sell a significant risk transfer tied to a portfolio of corporate loans, according to people familiar with the matter, as the German lender moves to free up capital to fend off a potential takeover bid from UniCredit SpA. Frankfurt-based Commerzbank aims to issue an SRT tied to €2 billion ($2.4 billion) of loans, according to the people, who asked not to be named. The size of the SRT would be around 6.9% of the reference portfolio or about €140 million, they added. A representative for Commerzbank declined to comment.
Bloomberg
03-07-2025
- Business
- Bloomberg
BBVA Plans SRT Linked to €4 Billion of Corporate Loans
BBVA SA is sounding out investors for a significant risk transfer linked to corporate loans, according to people familiar with the matter. The bank is considering a SRT deal tied to a portfolio of about €4 billion ($4.7 billion) of corporate loans, said the people, who asked not to be identified because the matter is private.
