Joe Zak – Orchid

Zuk joins Orchid to build out platform and ILS capability


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.

CatCo - Max forecast return on NAV i

Fast-shrinking CatCo says average rates up as high as 30 percent


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?

The march of ILS capital

ILS investors seek rate hardening after costly H2 2018: Swiss Re


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.

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Leadenhall grows AuM while rivals shrink; targets Japan


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 writes off CatCo goodwill and intangibles with $179mn charge


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.

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MS&AD acquires MS Amlin stake in Leadenhall Capital


MS&AD has bought the 80 percent of London-based ILS fund manager Leadenhall Capital Partners (LCP) held by its subsidiary MS Amlin.

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ILS capital reaches $93bn in 2018: Willis Re


The insurance-linked securities market grew to reach $93bn in non-life capital in 2018, according to a report by Willis Re.

Validus logo

Validus’ AlphaCat completes third $5mn LatAm ILS transaction


Validus Holdings’ ILS fund manager AlphaCat has completed its third $5mn catastrophe bond transaction with Brazilian reinsurer Terra Brasis Re.

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Pagnani back to launch Pimco ILS play


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.

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Belisle and Fredricks out of Markel CatCo over personal relationship


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.

Pool Re chain of security

Pool Re to finally test ILS appetite with £75mn UK terror cat bond


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.


Argo renews collateralized sidecar Harambee Re for 2019


Bermudian carrier Argo has renewed its sidecar reinsurer Harambee Re for 2019.


Neon renews $77mn ILS vehicle NCM Re


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.

The march of ILS capital

ILS feeling the squeeze at 1.1


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.

Bermuda roundtable

Tightened ILS capacity to feature throughout 2019


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 ...