Liz Bury

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Liz is editor of Insurance Insider ILS. She writes and edits the Insurance Insider ILS Weekly newsletter and website, sourcing market intelligence and financial disclosures to bring the latest news and analysis to the convergence market.

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Cyber

Reaching full cyber bond market potential will be a phased journey

Competition on price from traditional markets is weighing on bond market momentum.

Liz Bury, 27 October 2025
Catastrophe bonds

California Fair Plan set to target ~$500mn of wildfire cat bond coverage

The insurer of last resort’s exposure was $696bn as of last September.

Liz Bury, 24 October 2025
Cyber

Axis Capital will not renew its Long Walk Re cyber cat bond

The cedant’s current deal is due to mature at the end of January 2026.

Jai Singh, 21 October 2025
ILS managers

Postcard from Bermuda: ILS sector anticipates delivering three strong years

Investor interest is warming up following a colder spell over the past several years.

Liz Bury, 20 October 2025
ILS managers

‘The ILS market has reached a tipping point’: Cedar Trace’s Duperreault

ILS has been a driver of innovation in reinsurance, Convergence 2025 attendees heard Wednesday.

Liz Bury, 15 October 2025
Talent

Hughes departs head of assumed retro & international cat role at PartnerRe

The carrier will continue to write assumed retro in Bermuda.

Jai Singh, 14 October 2025
Talent

Multi-strat manager Qube hires Ery from SI Re to join ILS team

The hire is the hedge fund manager’s third ILS appointment in the past year.

Liz Bury, 14 October 2025
Catastrophe bonds

Four major conversation points for the ILS market at Convergence 2025

Key topics include private ILS growth prospects and the longevity of longtail interest.

Jai Singh, 13 October 2025
Re/insurers

Liberty Mutual prepares to launch raise for casualty sidecar

It is understood around $1bn of premiums could be ceded to the proposed vehicle.

Adam McNestrie, 06 October 2025
Cat bond investors prepare to navigate softer phase of pricing cycle

The new Verisk SCS model is increasing expected losses on aggregate bonds.

Liz Bury, 29 September 2025
Talent

Johnson to join RenaissanceRe Capital Partners

In the new role, Edward Johnson will be rejoining former Aon Securities colleague Chris Parry.

Liz Bury, 25 September 2025
Talent Tracker

Cobon to join Howden Re Bermuda

The ILS services specialist has worked in the ILS market in Bermuda for 10 years.

Liz Bury, 23 September 2025
Talent

Mixon steps up at Swiss Re ILS as Johnson leaves

Charles Mixon joined the firm a year ago in a business development role.

Liz Bury, 23 September 2025
Sidecars

PartnerRe scopes potential investor support for casualty vehicle

The Bermuda reinsurer has been active in ILS since launching in 2007.

Liz Bury, 19 September 2025
ILS managers

Swiss Re merges ILS advisory and quota-share units into one platform

The ILS manager has $6.8bn in assets and will be led by MariaGiovanna Guatteri.

Liz Bury, 17 September 2025
Sidecars

Platinum’s Gambit Re raises ~$30mn retro sidecar to support growth

The sidecar will support five programs providing specialty frequency coverages.

Liz Bury, 16 September 2025
Renewals

Postcard from Monte Carlo: ILS is entering negotiations from a more mature place

The market has learned lessons from earlier soft market phases that it will apply now.

Liz Bury, 15 September 2025
Bermuda

Akinova plans agg umbrella offering for bluechip insureds

The tech firm is building a joint stock company with insurers and investors.

Liz Bury, 11 September 2025
Lloyd to join Arch Capital in retro role

Arch set up Bermuda investment manager Arch Fund Management in February.

Jai Singh, 10 September 2025
Reinsurance

Everest explores sidecar for casualty reinsurance business

Sources said that the carrier has held preliminary talks with private debt investors.

Adam McNestrie, 09 September 2025
Talent

Cobon leaves Artex Bermuda after decade with ILS service provider

Scott Cobon's most recent title was MD, insurance management services.

Liz Bury, 09 September 2025
Talent

Hannover Re outlines ILS plans as Ludolphs to retire at end of 2026

Hannover Re Capital Partners is in talks with two investors for 1 January launch.

Liz Bury, 08 September 2025
M&A

Sompo-Aspen shows value boost of ILS capabilities

The leadership’s commentary spotlighted to value of ILS to the group.

Liz Bury, 08 September 2025
Renewals

Alternative capital ‘will likely grow’ into new lines: GC’s Rousseau

The trend for private credit in alternative asset management is “set to continue”.

Liz Bury, 04 September 2025
Property treaty

AM Best estimates 10% growth in ILS capital to $114mn in 2025

The agency noted inflows to cat bond funds and investor interest in private ILS.

Liz Bury, 02 September 2025
Sidecars

Ascot aims to establish Wayfare Re as an 'evergreen' source of capital

The global specialty player is also exploring ILS offerings across specialty and cat bonds.

Liz Bury, 01 September 2025
Talent

Twelve Securis restructures private ILS team as Lloyd steps away

The CUO has added the role of head of private ILS, joining the executive team.

Liz Bury, 27 August 2025
M&A

Sompo acquires Aspen for $3.5bn

The purchase brings Sompo an established ILS platform as part of the deal.

Samuel Casey, 27 August 2025
Legacy

Enstar sets up legacy sidecar Scaur Hill Re with $300mn from a family office

The ILS play will make the business more capital efficient under new owner Sixth Street.

Adam McNestrie, 26 August 2025
ILS managers

Hannover Re to set up ILS platform in Bermuda

Aaron Garcia will hold a senior role at the operation, sources have confirmed.

Liz Bury, 19 August 2025
Retrocession

Q2 reinsurer results indicate healthy market for ILS participation

Reinsurers are confident on cat rates and ready to deploy ILS capital.

Liz Bury, 18 August 2025
Companies

RenRe adds $150mn bringing partner capital above $8bn at mid-year

The firm’s ILS vehicles posted low single-digit growth in assets under management in Q2.

Liz Bury, 13 August 2025
London market

Nephila lifts profit forecast for Syndicate 2358 to £17.1mn for YOA 2024

The ILS manager revised down slightly its forecast for the syndicate’s 2023 YOA.

Liz Bury, 12 August 2025
Retrocession

Hannover Re’s ‘base assumption’ is no retro change for 2026: Althoff

The reinsurer plans to repeat its 2025 purchasing for property and specialty protections.

Liz Bury, 12 August 2025
Re/insurers

Hannover Re ceded EUR706mn of large losses to retro partners in H1

The firm booked net losses from the LA wildfires of EUR615.1mn in the first half.

Liz Bury, 12 August 2025
Florida

HCI’s Q2 cession ratio rises 4.8 points YoY to 33.9%

The Florida carrier said ceded premiums will rise slightly to $106mn in Q3.

Liz Bury, 08 August 2025
Re/insurers

Aspen Capital Markets posts fee income of $53mn in Q2

Aspen’s gross premium cession ratio grew 7.1 percentage points to 42.2%.

Liz Bury, 08 August 2025
Sidecars

Outrigger Re H1 combined ratio rises to 120% on LA fire losses

The sidecar took $19mn of cat losses relating to the California wildfires.

Liz Bury, 07 August 2025
Catastrophe bonds

Cat bond market total yield hits 10.81% in July: Plenum

The yield figure comprises 6.53% of insurance discount margin and 4.28% risk-free.

Liz Bury, 07 August 2025
ILS managers

Hiscox Re & ILS fee income falls to $21mn in H1 due to wildfire loss

Around 95% of the Hiscox Re & ILS portfolio is rated rate “adequate” or better.

Liz Bury, 06 August 2025
ILS investors

The new wave of casualty ILS is extending the playbook of major life SPVs

Investors are drawing lessons from life deals to find new routes into insurance markets.

Liz Bury, 04 August 2025
Sidecars

SageSure places inaugural $50mn Seawall Re retro sidecar

The Bermuda SPI will write a quota share of SageSure’s captive Anchor Re.

Liz Bury, 29 July 2025

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