Securis collateral dispute overshadows Lloyd’s negotiationsNegotiations are continuing between major ILS provider Securis and the Lloyd’s (re)insurer Syndicate 4242 over the current inability of Securis to honour up to $21.5mn of cat liabilities following the premature release of 2017 collateral.
Hiscox appoints Breeze Re & ILS CFOHiscox has named Liz Breeze as its chief financial officer of its reinsurance and alternative capital arm - Hiscox Re & ILS.
AGCS restructures alternative capital businessAllianz’s Alternative Risk Transfer (ART) business is to be split into two separate units.
Iran exploring ILS market: reportIran is exploring the development of new financial products – including Islamic bonds and insurance-linked securities – in an attempt to relieve pressure on the economy, Reuters has reported.
First quarter ILS issuance up 54 percentFirst quarter ILS issuance activity rose 54 percent in year-on-year as alternative capital markets bounce back after the impact of Hurricanes Harvey, Irma, Maria, according to the Bermuda Monetary Authority.
Hiscox Re & ILS names Dolphin chief operating officerLondon-listed carrier Hiscox has promoted Andrew Dolphin to the position of chief operating officer of its reinsurance and alternative capital arm - Hiscox Re & ILS.
Leadenhall Capital expands with Markel analystLeading London-based ILS fund manager Leadenhall Capital has tapped Markel for Sam Maynard as it continues to build out its non-life portfolio management team.
A reason to be cheerful...In January – amidst the gloom of mid-winter and the disappointing 1.1 renewals – we pointed to signs of optimism.
AIG sees 'a lot of runway' in ILS: DuperreaultThere is major scope for AIG to build products for the insurance linked security (ILS) market, AIG’s president and chief executive officer Brian Duperreault has said.
Changing MGAs to change the chain: EdOnce again, the cycle of MGA popularity is growing, writes Robert Wildbore of Ed’s reinsurance division.
Alternative capital reaches record-breaking $98bn: Aon SecuritiesAlternative capital available in the (re)insurance market has hit $98bn – a record for the sector - according to Aon Securities.
JLT Re taps Aon for Capital Solutions directorJLT Re has taken Aon Benfield’s corporate solutions director Vijay Mavani as the broker looks to expand its Global Capital Solutions business.
Cyber ILWs come closer to reality with new PCS cat launchThe industry’s understanding of its full loss exposures to major cyber events took a significant step forward this week with the launch of a new cat cyber loss index that may eventually lead to greater reinsurance and retro capacity being devoted to the fast expanding class.
Markel builds $19bn ILS giant with Nephila acquisitionMarkel is set to control around a fifth of the global ILS space after a shock deal to acquire alternative capital giant Nephila, the carrier announced today.
Managing agents call for increased ILS capital at Lloyd’sLloyd’s managing agencies overwhelmingly support ILS becoming a permanent fixture within the Corporation, a survey by the LMA has found.
Alternative capital continues to ‘surge’: AonGlobal alternative reinsurance capital had climbed to $95bn by the end of first quarter, an increase of 7 percent from the end of 2017, according to estimates by Aon Benfield.
Lloyd’s gives Nephila the go-ahead for its own managing agencyILS giant Nephila has been given the green light to set up its own managing agency after a meeting of the Lloyd’s franchise board.
CUO and active underwriter Payne latest to depart Arcus Syndicate 1856Arcus Syndicate 1856 has parted ways with its chief underwriting officer and active underwriter Nicky Payne, re-Insurance.com can reveal.
Florida insurer Frontline debuts $350mn cat bondSwiss Re Capital Markets has structured the issuance of a $350mn ILS transaction on behalf of the US insurer Frontline, highlighting the continuing appetite of capital markets investors to support cat risk securitisations.
Liberty Mutual’s Limestone Re grows to almost $700mnUS insurance giant Liberty Mutual’s Bermuda-based sidecar Limestone Re has bolstered its collateral by $278mn after a new private placement.