All ILS articles
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NewsWorld Bank to launch Asia infrastructure cat bond in spring: report
The World Bank, supported by the governments of Japan and Singapore, is set to launch an insurance scheme to protect public Asian infrastructure against natural disaster risks, with the first participating countries to be covered as early as this spring.
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News
Alleghany’s Hicks questions pension funds’ ILS rationale
Alleghany’s president and CEO Weston Hicks has questioned the thinking behind pension funds investing in the property catastrophe space because of its inherent volatility.
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Analysis
Axis 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
ILS executive Scherer to leave Aon Bermuda
Aon’s Bermuda-based insurance linked securities (ILS) expert Chuck Scherer is leaving the company and heading back to the US, The Insurer has learned.
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News
ILS Capital’s Prospero Re restructures to write traditional reinsurance
Bermudian reinsurer Prospero Re has secured a financial strength rating from Kroll Bond Rating Agency as the ILS Capital Management subsidiary shifts its operating model to include traditional reinsurance.
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News
Open market coverage “better value” than cat bond: CinFin
Dropping its catastrophe bond and increasing its reinsurance purchase represented “better overall value” to Cincinnati Financial Corporation (CinFin), The Insurer has been told.
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News
CinFin non-renews cat bond and expands property cat treaty
Cincinnati Financial (CinFin) opted against renewing the most recent iteration of its Skyline Re catastrophe bond at the beginning of the year and instead bulked up limits on its property catastrophe reinsurance treaty by $90mn.
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Opinion
Chasing tail
Casualty has for a long time been identified as the next frontier for the ILS market.
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News
RenRe reveals $925mn third party capital raise but misses in Hagibis-hit Q4 results
RenaissanceRe reported operating earnings per share that fell short of Wall Street forecasts in a fourth quarter that included a $193.3mn hit from Typhoon Hagibis and aggregate loss contracts written by the Bermudian reinsurer.
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News
MultiStrat completes its largest casualty ILS with $205mn GL deal
MultiStrat Advisers has arranged a $205mn casualty ILS transaction for an unnamed US insurance company with Texas-based alternative asset manager Vida Capital that is the largest yet facilitated by the Bermudian firm.
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Analysis
Aon takes reinsurance revenue top spot despite GC-JLT Re combo
Aon’s Reinsurance Solutions arm has taken the top position as measured by revenues from its rival Guy Carpenter based on 2019 financials, analysis by The Insurer reveals.
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News
Pandemic bond under scrutiny following coronavirus outbreak
The outbreak of coronavirus and its spread across China could trigger the World Bank’s $320mn pandemic catastrophe bond, which is designed to trigger if deaths from a covered virus impact multiple nations.
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News
Fitch assigns BBB rating to State National cat bond
Fitch has assigned a BBBsf rating to the Class A notes of the newly launched $100mn Stratosphere Re cat bond that provides protection to State National for tail risk assumed as a result of business it fronts for its Markel stablemate Nephila.
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News
BMS builds ILS and E&S expertise with Kohonen hire
BMS has hired Jani Kohonen as senior vice president and Atlanta branch manager, reporting into recently appointed president and CEO of BMS Re US, Pete Chandler.
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News
CCR Re fine tunes 157 Re sidecar at 1.1
Paris-headquartered CCR Re has renewed 157 Re, a pioneering onshore French reinsurance securitisation when it first rolled off the production line last year on the 1 April, The Insurer can reveal.
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News
Swiss Re closes $225mn parametric earthquake cat bond for mortgage defaults
Swiss Re Capital Markets has closed what it describes as the first catastrophe bond issued with a parametric trigger designed to cover mortgage default risk caused by earthquakes, with the $225mn Sierra deal.
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News
Liberty’s $50mn Limestone Re BSX trade part of larger ILS placement
Liberty Mutual’s listing of $50mn of Limestone Re notes on the Bermuda Stock Exchange last week was part of a large placement with ILS partners as the giant carrier continues to use its sidecar structure to offload risk to alternative capital investors.
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News
Hamilton announces lead executive for renamed ILS platform
Hamilton Insurance Group has announced that its insurance-linked securities platform has been renamed Hamilton ILS, with Hanni Ali taking the new role of senior vice president, strategic partnerships.
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News
Peak Re grows Lion Rock sidecar to $77mn
Fosun-owned Peak Re has renewed its sidecar Lion Rock Re II securing $77mn from investors, a slight increase on last year’s pioneering securitisation.
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News
Leadenhall restructures business units as AuM nears $5.7bn
Insurance-linked securities investment manager Leadenhall Capital Partners has restructured its life and alternative credit business into three operating units, as its total assets under management (AuM) edge closer to a new record size, The Insurer understands.
