All ILS articles
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NewsUri’s balance of commercial and personal lines losses key for ILS market: Twelve Capital
The cat bond market would be less exposed to Winter Storm Uri if the majority of losses come in commercial lines rather than personal lines, but more junior aggregate covers are exposed to further erosion of their deductible, Twelve Capital has commented.
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News
Uri puts aggregate covers and ILS in spotlight (once again)
Cat bonds and reinsurance placements that incepted on 1 March or later last year with aggregate deductibles are most at risk of being triggered by losses associated with Winter Storm Uri.
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News
SRS hires Pereira for ILS expansion
Captive specialist Strategic Risk Solutions (SRS) has appointed Anna Pereira to the newly created position of senior vice president, ILS.
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News
Peak Re grows Lion Rock Re sidecar to $107mn for 2021
Hong Kong-headquartered reinsurer Peak Re has renewed its collateralised reinsurance sidecar Lion Rock Re, securing $107mn from investors for 2021.
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News
Aon hires Securis’ Radford for London Capital Advisory unit
Aon has hired ILS investment origination specialist Tim Radford from Securis Investment Partners, with the new recruit joining the broking giant’s Capital Advisory business, The Insurer can reveal.
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News
Nephila gets $1bn+ new subscriptions as ESG fund revealed
Markel’s ILS fund manager Nephila has so far received more than $1bn in new subscriptions for 2021 from investors as it introduces new investment vehicles including an ESG impact fund and a Lloyd’s syndicate multi-class fund.
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Analysis
Record $11bn in property cat bonds placed in 2020: Aon
Some $11.02bn of property cat bond limit was placed in 2020, the highest annual total on record, according to analysis by Aon.
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News
ERS hires Securis and Twelve Capital alumni to launch ILS unit
Aquiline-backed ERS has launched an ILS division and has brought in ex-Securis Investment Partners executives Neil Strong and Fergus Reynolds, as well as Twelve Capital founding partner Sandro Kriesch, to lead the unit.
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News
Brookman launches ILS fund manager Gildenbrook
Former head of alternative capital at Axa XL Daniel Brookman has launched his own insurance-linked securities (ILS) focused alternative fund manager with $850mn of assets under advisory as well as a Bermudian collateralised reinsurer.
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News
RenRe expects to grow NPW by $1bn in 2021
Kevin O’Donnell has revealed that RenaissanceRe fully deployed the $1.1bn of capital raised last June in “one of the most important renewals in our history” at 1 January, with the Bermudian (re)insurer expecting to grow net premiums written by $1bn this year.
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News
Core Specialty targets significant growth on new fronting platform
Rebooted US insurer Core Specialty sees the fronting segment as fertile ground for growth and strong returns as it targets traditional and insurtech program and ILS relationships in the property space, as well as opportunities to partner with workers’ comp MGAs, The Insurer can reveal.
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News
Integral ILS reaches $600mn of commitments with New Holland investment
Lixin Zeng and Richard Lowther’s independent ILS fund manager start-up Integral ILS has secured a cornerstone investment from New Holland Capital (NHC) that takes its signed commitments to $600mn.
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News
Elementum launches new mandate with higher risk investment strategy
ILS fund manager Elementum Advisors has launched a new mandate with a large, unnamed institutional investor focused on collateralised reinsurance investments with a higher risk and return profile.
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News
Elementum recruits WTW’s Todorov for BDIR role
ILS fund manager Elementum Advisors has hired Willis Towers Watson’s (WTW) long-serving Todor Todorov to support client relationships and investor education as well as product and strategy development.
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News
LGT, Fermat and Leadenhall increase AUM as other funds shrink
LGT, Fermat and Leadenhall were the only members of the top 10 ILS fund managers that were able to increase their assets under management (AUM) in the 12-month period to 30 September 2020, according to broker Aon.
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News
Contrasting fortunes among ILS managers as alternative capital declines
Overall assets under management (AUM) in the alternative capital sector fell by nearly 4 percent to $92bn over the first three quarters of 2020, as LGT, Fermat and Leadenhall were the only members of the top 10 fund managers that were able to increase AUM in the period, according to ...
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News
BSX’s 253 ILS listings in 2020 sets new record
The Bermuda Stock Exchange (BSX) had 253 ILS listings in 2020, up 63 percent from the 155 in 2019, with a combined nominal value of $15.77bn.
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News
Arch’s Bellemeade secured $140mn of traditional capacity in 2020
Arch Mortgage Insurance Company (Arch MI) secured $140mn of traditional mortgage reinsurance capacity for its Bellemeade Re ILS programme during 2020.
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News
Aerospace drives specialty hardening at 1.1: Willis Re
Excess of loss aerospace rates increased between 40 percent and 60 percent on loss-free accounts, with the line driving pricing correction across specialty classes, according to 1 January renewal commentary by Willis Re.
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News
Prospero Re’s ratings unchanged after shift in business model: KBRA
Prospero Re’s revised business plan, which will see the ILS Capital subsidiary begin writing traditional rated reinsurance, will not lead to any amendments to the platform’s insurance financial strength rating of A, Kroll Bond Rating Agency (KBRA) has confirmed.
