Core Specialty targets significant growth on new fronting platform


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.

Integral ILS, New Holland Capital, AmWins and TransRe

Integral ILS reaches $600mn of commitments with New Holland investment


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.


Elementum launches new mandate with higher risk investment strategy


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.


Elementum recruits WTW’s Todorov for BDIR role


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.

Largest fund managers

LGT, Fermat and Leadenhall increase AUM as other funds shrink


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.


Contrasting fortunes among ILS managers as alternative capital declines


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 ...


BSX’s 253 ILS listings in 2020 sets new record


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’s Bellemeade secured $140mn of traditional capacity in 2020


Arch Mortgage Insurance Company (Arch MI) secured $140mn of traditional mortgage reinsurance capacity for its Bellemeade Re ILS programme during 2020.

Willis Re specialty

Aerospace drives specialty hardening at 1.1: Willis Re


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 ILS

Brazil to welcome ILS business from January after formalising framework


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.

Tom Libassi – ILS Capital Management

Prospero Re’s ratings unchanged after shift in business model: KBRA


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 sees $1bn of limit placed in 2020


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.

Leadenhall Capital Partners

Leadenhall defies ILS woes to reach $6.2bn AuM


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.


Brit completes launch of $300mn debut cat bond


Lloyd’s insurer Brit has sponsored its debut 144A cat bond issuance, Sussex Capital UK PCC Limited (Series 2020-1). 

Kelvin Re, Humbold Re and Credit Suisse

Credit Suisse ILS vehicle exits will help drive reinsurance prices higher: Jefferies


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.


HSCM lifts AuM to over $3.0bn


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.

CSAM logo

AM Best puts Kelvin Re and Humboldt Re ratings under negative review


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.

Kelvin Re, Humbold Re and Credit Suisse

Credit Suisse vehicles Humboldt Re and Kelvin Re cease 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.

Talanx turkey

Turker Re launches Turkey quake ILW product


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.

Tom Libassi – ILS Capital Management

ILS Capital’s Prospero Re gets BMA approval to write traditional reinsurance


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.