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.
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.
Brent Slade has been named president of Markel’s new retro ILS fund Lodgepine Capital Management Limited, joining from Hamilton Capital Partners.
Scor Investment Partners has completed the acquisition of 100 percent of the capital of ILS fund manager Coriolis Capital Limited.
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.
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.
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.
The Insurer talked to Shiv Kumar, president of GC Securities, about cat bond market conditions and the lessons learned in the collateralized reinsurance space.
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.
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.
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.
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.
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.
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.