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.
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.
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.
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.
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.
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 ...
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.
Arch Mortgage Insurance Company (Arch MI) secured $140mn of traditional mortgage reinsurance capacity for its Bellemeade Re ILS programme during 2020.
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.
Brazil will welcome the formation of insurance-linked securities (ILS) structures from 4 January 2021 after the country’s regulator SUSEP formalised its framework for the instruments.
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.
Tremor has seen more than $1bn of limit placed on its platform in 2020 during what the company called “challenging market conditions” with the insurance and reinsurance insurtech on track to “significantly grow again” next year.
London-headquartered Leadenhall Capital Partners has expanded its assets under management (AuM) to $6.2bn despite other ILS fund managers shrinking as losses and investor redemptions take their toll.
Lloyd’s insurer Brit has sponsored its debut 144A cat bond issuance, Sussex Capital UK PCC Limited (Series 2020-1).
The decision to cease underwriting at ILS vehicles Kelvin Re and Humboldt Re may reflect underlying industry pressure but will help drive prices higher for the reinsurance players that still have excess capital, according to an analyst at Jefferies.
Hudson Structured Capital Management (HSCM) has added more than $600mn in new investor commitments during the fourth quarter, taking its firm-wide commitments and assets under management (AuM) above the $3.0bn mark.
AM Best has placed the A- financial strength and “a-” credit ratings of Credit Suisse Asset Management-backed Kelvin Re and Humboldt Re under review with negative implications after it emerged the ILS vehicles are ceasing underwriting.
Credit Suisse Asset Management-backed (CSAM) AM Best rated Guernsey ILS vehicles Kelvin Re and Humboldt Re are ceasing underwriting new business and are looking at strategic options for a controlled exit for their investors.
Lloyd’s broker Turker Re has launched what it says is a first-of-its-kind Turkey earthquake industry loss warranty (ILW) product aimed at creating a new market for insurers, reinsurers and ILS managers.
ILS Capital has received sign-off from the Bermuda Monetary Authority (BMA) for its Prospero Re platform to begin writing both traditional and collateralised reinsurance business.