Cat-focused MGA Orchid Underwriters has hired Joe Zuk as it looks to diversify by geography and product line and build a platform that can act as a conduit for ILS capacity, The Insurer can reveal.
2017-18 Losses now $4.5bn+ Claims rates on book were effectively up 30 percent at 1.1 AuM shrunk to $3bn; what will it be next month?
2018 marked the second-highest year of ILS issuance volume on record, but investors will now seek rate hardening after another costly cat year, according to Swiss Re.
In contrast to a number of its shrinking rivals, ILS fund manager Leadenhall Capital Partners increased its assets under management (AuM) to more than $5.5bn as of January 1 2019, up from $5.2bn on June 1 2018 and $4.7bn on January 1 2018.
Markel has reduced the carrying value of the goodwill and intangible assets of its CatCo unit to zero, taking a $179mn fourth quarter impairment charge in the process.
MS&AD has bought the 80 percent of London-based ILS fund manager Leadenhall Capital Partners (LCP) held by its subsidiary MS Amlin.
The insurance-linked securities market grew to reach $93bn in non-life capital in 2018, according to a report by Willis Re.
Validus Holdings’ ILS fund manager AlphaCat has completed its third $5mn catastrophe bond transaction with Brazilian reinsurer Terra Brasis Re.
Former Mount Logan Re CEO Rick Pagnani has re-emerged at Allianz’s Pimco to launch a new property and casualty ILS business for the investment management giant.
Markel CatCo CEO Tony Belisle and Bermuda CEO Alissa Fredricks have both left the company after an internal review found the executives had violated company policies relating to an undisclosed personal relationship.
UK terrorism mutual Pool Re has formally approached ILS investors to support a potentially groundbreaking terrorism triggered cat bond after working on the project for almost a year.
Bermudian carrier Argo has renewed its sidecar reinsurer Harambee Re for 2019.
Neon has renewed the UK’s first ILS vehicle - NCM Re – raising third party capital to support its second ILS transaction through the transformer vehicle.
For the first time in a decade, it looks as if the ILS market is feeling the squeeze, with investors pulling back capital at 1.1.
On the eve of the 1.1 renewals, (re)insurance executives gathered in Bermuda for a roundtable hosted by The Insurer and EY earlier this month discussed the issues that have been dominating conversations across the industry in recent weeks – with the outlook for the ILS market and the likelihood of ...