Hudson Structured Capital Management
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The Bermuda firm said HS Sawmill reflected its continued focus on life insurance. -
The pensions scheme’s existing ILS holdings to Aeolus and HSCM are in run-off.
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Slide is putting faith in tort reforms and will lean into Florida, CEO Lucas said.
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Gokul Sudarsana has been with the company since 2020, having joined from Deloitte.
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GP Affluent Markets will look to serve high-net-worth individuals.
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Park assumed the role earlier this month.
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The fund is a continuation vehicle for five of HSCM's life insurance interests.
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The year brought a degree of closure on the loss-hit years of 2017-2021, while the outlook remains changeable for ILS managers.
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The fund had taken major losses on cat-related investments, including through Southeast primary carriers Weston and Southern Fidelity.
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Bernard Opoku will replace Jeff Sangster as CFO effective 1 October.
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The executive joined the company from Scor, where he helped to launch Scor P&C Ventures.
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Hudson Structured Capital Management (HSCM) Bermuda has set up an insurance credit strategy seeded with $400mn of initial capital from Security Benefit Life Insurance Company.
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Former Ariel Re executive Edouard von Herberstein was one of the founding team at HSCM and is leaving to pursue other opportunities.
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HSCM Ventures partner Vikas Singhal will join the Inclined board.
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UPC policyholders could be force-placed by their mortgage lender.
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HSCM has had a majority stake in the company since 2020.
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Despite capital infusions into the firm, the Florida insurer was unable to stave off receivership.
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Southern Fidelity said until it could be sure of reinsurance capacity it could not bind cover, as renewals have been delayed.
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The deal propels HSCM total AuM and capital commitments to above $4bn.
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Part of the loan will be used to pay a $120mn dividend to HG Global equity holders.
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InsurTech Buckle has expanded its offer across Maryland and Nevada.
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He spent seven years at Arch Capital and will be working on HSCM’s reinsurance strategies.
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The transaction reflects the evolution of the Weston Group and its plans to expand its coastal offerings across the US.
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Foundation Capital, Revolution’s Rise of the Rest Seed Fund, Clocktower Technology Ventures, Sure Ventures, and several angel investors, also joined the seed funding round.
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The charity made history this year with its issuance of the first ever humanitarian cat bond.
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Matt Berdoff, Jason Braunstein and Wendy Wong-Tsang have joined the firm’s partnership.
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The managing general agency is looking for new lines of business, having seen its cyber team and capacity provider depart ahead of renewals earlier this year.
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The round was led by Telstra Ventures, with other funds involved including Hudson Structured Capital Management and ArcTern Ventures.
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Existing investors including State Farm Ventures, Formation8 and Brewer Lane Ventures also participated.
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Investors are seeking to take higher-attaching risks with pure peak peril deals in stronger demand.
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Helios said the deal is part of a £60mn share offering to fund further Lloyd’s capacity acquisitions.
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The ILS firm has previously invested with the company.
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The deal gives life insurer and asset manager Eldridge the opportunity to take an equity stake in the future, with further capital commitments likely.
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The move follows the company hiring new InsurTech partner Adrian Jones last month.
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The ex-Scor staffer will work to expand HSCM’s InsurTech business and serve as managing director.
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The vehicle raised $240mn in an offering priced at $10 a share.
