All Capital articles
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AnalysisAxis slashes PMLs and increases use of third party capital
Axis Capital has significantly cut its probable maximum loss (PML) for peak cat exposures and made increasing use of its growing third party capital platform as part of a wider repositioning of its portfolio to deliver stronger and more stable underwriting results.
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News
Acrisure realigns management for next phase of growth
Acrisure has realigned executive responsibilities as part of a repositioning for its next phase of development that will also see a focus on removing costs from the insurance transaction and the pursuit of joint ventures and investment opportunities, The Insurer can reveal.
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News
Insurtech Boost raises $14mn to launch new products
Boost Insurance - which is reinsured by Markel, RenaissanceRe and Nephila - has announced a $14mn series A round of financing to expand the insurtech MGA’s infrastructure-as-a-service (IaaS) platform.
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News
Brewer Lane looks to build on managing partners’ track record
The managing partners of newly launched Brewer Lane Ventures are optimistic they can identify investments that will not only provide their business with successful opportunities, but also help to push the (re)insurance industry forward.
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News
“Modest tightening” of reinsurance capacity to come in 2020: Aon
Available reinsurance capacity is “more than sufficient” to meet cedant needs but is expected to tighten during this year, according to Aon’s latest reinsurance market outlook, which revealed that $15bn of alternative capital remains trapped.
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News
RenRe-structured capital market funds back Beazley cyber cat risks
RenaissanceRe and Beazley have launched a product to broaden the blue-chip insurer’s catastrophe cover for cyber events, with the majority of the security to be provided by capital sources structured by RenRe.
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News
Tokio Marine to sell its 3.9% RenRe stake
RenaissanceRe has announced a secondary offering of 1,739,071 of shares owned by Tokio Marine Nichido Fire Insurance that were part of the consideration when the Bermudian bought Tokio Millennium Re (TMR) from the Japanese giant last year.
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News
Stonybrook hires Harman as London partner in FAL push
Boutique insurance industry advisory firm Stonybrook Capital has added Lloyd’s market veteran Chris Harman as a partner in its London practice.
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News
The Hanover uses Chaucer funds for $250mn accelerated buyback and special dividend
US carrier The Hanover Insurance Group is buying back $150mn of its stock in an accelerated share repurchase agreement (ASR) and has also declared a $100mn special dividend as it competes the deployment of the $850mn funds generated from its sale of Lloyd’s insurer Chaucer last year.
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News
Scor issues 3-year Eur300mn contingent capital facility
Scor has launched a three-year contingent capital facility in the form of a contingent equity line arranged by JP Morgan providing Eur300mn ($330mn) coverage against extreme natural catastrophe or life events impacting mortality.
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News
Spinnaker seeking new investment for growth
Fronting specialist Spinnaker Insurance Company has been running a process to seek an investment partner as it looks to raise capital to fuel further growth, including into the E S space, The Insurer can reveal.
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News
Risk Strategies secures further $1.6bn debt financing to fuel growth
Privately held insurance brokerage Risk Strategies has announced a $1.6bn debt facility to support its refinancing, with Golub Capital acting as the administrative agent.
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Opinion
Flexible friends
Apollo’s recent news and RenRe’s continued pre-eminence are reminders that the provision of capital and originating and underwriting risk are flexible partnerships. They work best when there is a strong alignment of interest…
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News
NFP buys HNW specialist and plans $250mn debt issue
Expansive retail broker NFP is set to raise $250mn in a new debt issue and increase preferred equity with net proceeds used to buy back stock and fuel further acquisitions, as well as buy back stock.
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News
BRP IPO tipped to exceed $100mn guidance size
Reagan Consulting has suggested investors’ strong demand for publicly traded insurance brokers will push the proceeds of Baldwin Risk Partners’ Nasdaq debut past the initial $100mn guidance size.
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News
Palomar shares up 8% after upsized secondary offering
Shares in quake specialist Palomar Holdings traded around a 52 week high today on Nasdaq after the carrier completed an upsized secondary offering that saw investors including Genstar Capital sell more of their holdings.
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News
Independent insurance broker BRP files for $100mn IPO
Tampa-based independent insurance distributor Baldwin Risk Partners (BRP) has filed to raise up to $100mn in an initial public offering on the Nasdaq.
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News
Insurtech platform Broker Buddha raises $4.5mn
Broker Buddha, an insurtech that simplifies the commercial insurance application and renewal process, has closed a $4.5mn funding round led by Vertex Ventures.
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News
Florida Peninsula in $30mn capital raise
Top ten Florida homeowners insurer Florida Peninsula Holdings has raised $30mn of capital in the form of a senior debt facility in a transaction put together by Stonybrook Capital.
