Tullett Prebon completes first ILN transaction on new cat trading platform
Global interdealer broker Tullett Prebon has finally completed its first Insurance-Linked Notes (ILN) transaction following the formation of the platform late last year with the ILS arm of asset manager LGT one of the counter-parties.
Brit looks to significantly increase AUM at Sussex Capital
Specialty (re)insurer Brit is meeting with ILS investors as it looks to raise funds to upsize its third-party capital platform, including collateralized reinsurance fund Sussex Capital and sidecar Versutus, The Insurer can reveal.
Markel hires Hamilton’s Slade as Lodgepine president
Brent Slade has been named president of Markel’s new retro ILS fund Lodgepine Capital Management Limited, joining from Hamilton Capital Partners.
Scor completes Coriolis acquisition
Scor Investment Partners has completed the acquisition of 100 percent of the capital of ILS fund manager Coriolis Capital Limited.
Peak Re exploring upsizing $75mn sidecar
Hong Kong-based carrier Peak Re intends to renew its sidecar – Lion Rock Re – and is looking to potentially secure more than its current commitments of $75mn from third party investors, The Insurer can reveal.
High level of maturing ILS deals will spark issuance upturn: Swiss Re
The upsizing of a few ILS deals near the end of a subdued first half and the higher level of maturing deals in the second half up suggest issuance will pick up, believes Swiss Re.
Eklund mulls new retro ILS start-up for 1.1
Former RenaissanceRe and Aeolus executive David Eklund is working on a potential fundraising for a new retro-focused ILS fund that is thought to be targeting a size of up to $600mn-$700mn, The Insurer can reveal.
Cat bond market shows resilience
The Insurer talked to Shiv Kumar, president of GC Securities, about cat bond market conditions and the lessons learned in the collateralized reinsurance space.
Nephila to launch standalone Lloyd’s managing agency
Six years after entering the Lloyd’s market, Nephila will become the first ILS fund manager to operate its own managing agency at One Lime Street from next month.
Aon: ILS sector poised to resume growth following 2018 plateau
The Insurance-Linked Securities (ILS) market is expected to stage a recovery after a challenging 2018, according to the findings of the Aon Securities ILS Annual Report 2019.
Loss creep drives flight to quality in ILS market: RenRe’s Dutt
There has been a clear flight to quality in the ILS market as investors respond to two years of heavy cat activity and loss creep, according to RenaissanceRe’s Aditya Dutt.
Climate change concerns to drive alternative capital slowdown: Fitch
In its global reinsurance outlook for 2020, Fitch expects the slowdown in the influx of alternative capital to continue in part because of investors’ growing uncertainty about the impact of climate change on insurance claims.
Schroders names TMR’s Ruoff deputy head of ILS unit
Global asset management company Schroders has hired former Tokio Millennium Re Group CEO Stephan Ruoff as deputy head of its newly formed ILS management unit, Schroder Secquaero.
More ILS funds to set up rated reinsurers: S&P
S&P believes convergence capital will continue to flow to ILS funds, despite high losses in the past two years and trapped capital, with the ratings agency also expecting more funds to explore setting up rated carriers.