-
Toh joins from Nephila, where he spent the last decade, bringing expertise in ILS. -
The alternative asset manager was founded in 2021 with offices in London, New York and Abu Dhabi.
-
Founder and CEO of Nascent Andre Perez will join Sephira’s board of directors.
-
It is understood around $1bn of premiums could be ceded to the proposed vehicle.
-
Sources have said $1bn+ of fresh capital from the region is expected to be deployed in 2026.
-
Seller White Mountains will retain a roughly 15% fully diluted equity stake.
-
Improved performance and growing investment returns played a role in the upgrade.
-
A roundup of all the news you need, including Augment and Cohen’s ILS facility.
-
The business has been ~70% owned by White Mountains since January 2024.
-
The executive has worked at Aon for almost two decades.
-
The figure comprises 5.48% of insurance discount margin and 3.96% of risk-free rate.
-
The facility will initially focus on US, Bermudian and European business.
-
Spectrum joins investors ForgePoint, Hudson and MTech.
-
Pricing has hit historically soft market lows, based on secondary market pricing.
-
Winds have strengthened to 80 mph, and the hurricane is expected to intensify further over the next 48 hours.
-
The vehicle will now cover an E&S program jointly launched with Accredited.
-
Bellal Rahman joins from Catalina Life Re, where he was head of finance for two years.
-
The manager’s largest ILS holding is in the cat-bond-heavy High Yield fund.
-
Cat bonds have outpaced the returns on private strategies in the year to date.
-
Marlon Williams will focus on the placement of reinsurance and retro business.
-
The new Verisk SCS model is increasing expected losses on aggregate bonds.
-
The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
-
The tropical cyclone is expected to be named Imelda.
-
A roundup of all the news you need, including Tower’s reinsurance renewal for FY26.
-
In the new role, Edward Johnson will be rejoining former Aon Securities colleague Chris Parry.
-
The Bermuda firm said HS Sawmill reflected its continued focus on life insurance.
-
Equivalent to a Category 5 hurricane, Ragasa is the world's strongest storm this year.
-
The ILS services specialist has worked in the ILS market in Bermuda for 10 years.
-
Charles Mixon joined the firm a year ago in a business development role.
-
Despite the formation of Gabrielle, there is "a very high probability" of a below-average season.
-
The resource was developed by leading ILS managers and investors.
-
The major storm is set to move on to mainland China later in the week.
-
Deals would need to be sized at $50mn plus for transfer to capital markets.
-
The economic loss from the event was around EUR7.6bn.
-
Aeolus hires reserving actuary Chow to join support portfolio optimisation
-
The Bermuda reinsurer has been active in ILS since launching in 2007.
-
Samild held multiple roles including head of alternatives at the Future Fund.
-
The CEA had $19.3bn of claim-paying capacity as of 31 July.
-
The ILS manager has $6.8bn in assets and will be led by MariaGiovanna Guatteri.
-
The measures also seek to encourage greater wildfire mitigation efforts.
-
The sidecar will support five programs providing specialty frequency coverages.
-
Axa IM’s acquisition by BNP Paribas was confirmed in July this year.
-
Vantage Group Holdings received a BBB- long-term issuer credit rating.
-
Reinsurer executives during a Aon reinsurer panel stressed that the industry worked hard on setting the right structure.
-
ILS executives talked pricing, capacity and opportunities in casualty at an ILS roundtable in Monte Carlo.
-
A roundup of all the news you need, including Nick Fallon’s departure from Aon.
-
The market has learned lessons from earlier soft market phases that it will apply now.
-
Losses were primarily driven by personal property lines.
-
The tech firm is building a joint stock company with insurers and investors.
-
Nick Fallon is the latest in a string of retro-broker moves in the market.
-
Victory Pioneer Cat Bond Fund also added assets in the past month.
-
The deal is expected to result in $700mn in combined GWP in Florida upon completion.
-
Arch set up Bermuda investment manager Arch Fund Management in February.
-
The syndicate is targeting capital allocation for 1 January, the company confirmed.
-
Terms are expected to hold, underpinning the stronger recent performance of reinsurers.
-
Sources said that the carrier has held preliminary talks with private debt investors.
-
Scott Cobon's most recent title was MD, insurance management services.
-
Fleming’s attempt follows those of other legacy carriers that have had recent successes raising capital.
-
The figure comprises 6.07% of insurance discount margin and 4.15% of risk-free rate.
-
He added that Munich Re does not rely on retro or third-party.
-
Hannover Re Capital Partners is in talks with two investors for 1 January launch.
-
The leadership’s commentary spotlighted to value of ILS to the group.
-
The sponsor extended two notes issued in 2022.
-
It is understood that CyberCube has been considering a sale of the business.
-
A roundup of all the news you need, including PGGM’s allocation to Scor.
-
Ryan Alternative Capital Re was launched in partnership with Axis Capital.
-
The volume of property cat aggregates placed grew 50% in 2025.
-
The vehicle will be capitalised by an asset manager with more than $100bn in AuM.
-
The target allocation to Munich Re, Elementum and the run-off AlphaCat funds fell in the year to 30 June 2025.
-
Bohm has held senior roles at BMS, Swiss Re and Aon during his career.
-
The trend for private credit in alternative asset management is “set to continue”.
-
The capital supported sidecar-style syndicates and reinsurance start-ups.
-
Syndicate 1440 was approved to assume business incepting January 2026.
-
The investment bank had stopped offering ILS services last September.
-
The data modeling firm said losses previously averaged $132bn annually.
-
The ratings agency warned negative PYD on US casualty will likely continue.
-
The agency noted inflows to cat bond funds and investor interest in private ILS.
-
Competition from cat bonds in the top layers of programmes applied downward pressure on reinsurance pricing in 2025.
-
Dedicated reinsurance capital is on track to increase by 8% in 2025, the broker said.
-
The Japanese carrier faces integration challenges to make a success of the deal.
-
Funds encompassing private ILS outperformed cat bond strategies in July.
-
The global specialty player is also exploring ILS offerings across specialty and cat bonds.
-
The violations included not using propertly appointed adjusters and failing to pay claims.
-
A roundup of all the news you need, including Sompo’s acquisition of Aspen.
-
Market participants have until 13 October to provide any comments.
-
A trend towards higher-risk ILW bonds helped keep yields in double-digits despite softer rates.
-
After the LA wildfires in Q1, carriers got some relief in Q2 ahead of wind season.
-
Aspen Capital Markets earned $169mn in fee income in 2024 alone.
-
The firm has also updated the loss-calculation engines of existing Jeannie tools.
-
The CUO has added the role of head of private ILS, joining the executive team.
-
The purchase brings Sompo an established ILS platform as part of the deal.
-
Last year marked the second consecutive year in which carriers made a positive return.
-
The ILS play will make the business more capital efficient under new owner Sixth Street.
-
Hagood will stay on as sole CEO of Nephila Holdings, with Taylor continuing as president.
-
The group claims the White House is undermining disaster preparedness.
-
Benjamin Baltesar spent more than six years at Euler ILS.
-
The reinsurer’s capacity is hugely important to ILS firms, with few alternative providers.
-
-
The US has been lucky over recent decades to avoid a $100bn insured hurricane event.
-
This is the latest in a string of appointments made by the firm’s ILS unit.
-
The Bermudian firm has an active ILS division, unlike the Japanese conglomerate’s insurance divisions.
-
ILS accounted for 2.5% of the pension fund’s total AuM.
-
Aaron Garcia will hold a senior role at the operation, sources have confirmed.
-
Reinsurers are confident on cat rates and ready to deploy ILS capital.
-
A roundup of all the news you need, including Hannover Re's H1 results.
-
The vehicle will support Platinum Specialty Underwriters, XPT Group’s MGA underwriting unit.
-
The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
-
The P&C division booked a combined ratio of 81.1% for the first half of 2025.
-
The firm’s ILS vehicles posted low single-digit growth in assets under management in Q2.
-
Property MGA Arden Insurance Services specialises in multi-family habitations.
-
The company plans to launch in New York and New Jersey next year.
-
American Integrity grew GWP by 30% to $287mn and Slide GWP was up 25% to $435mn in Q2.
-
The estimate covers property and vehicle claims.
-
The ILS manager revised down slightly its forecast for the syndicate’s 2023 YOA.
-
The reinsurer plans to repeat its 2025 purchasing for property and specialty protections.
-
The firm booked net losses from the LA wildfires of EUR615.1mn in the first half.
-
A roundup of all the news you need, including our interview with Aspen’s Brian Tobben.
-
ILS investors have fought shy of multi-peril aggs due to low confidence in SCS modelling.
-
Both organisations still predict an above-average hurricane season.
-
The Florida carrier said ceded premiums will rise slightly to $106mn in Q3.
-
The reinsurer’s chair said cat pricing reductions are at a “miniscule level”.
-
Aspen’s gross premium cession ratio grew 7.1 percentage points to 42.2%.
-
The sidecar took $19mn of cat losses relating to the California wildfires.
-
The transaction is expected to close later this year.
-
The yield figure comprises 6.53% of insurance discount margin and 4.28% risk-free.
-
The forecast has increased since the early July update due to several additional factors.
-
The Texas insurer of last resort previously had to have funding for a 1-in-100 year storm.
-
Around 95% of the Hiscox Re & ILS portfolio is rated rate “adequate” or better.
-
The carrier posted its H1 results earlier today, beating analyst consensus.
-
The unit said capital in the ILS market remains more than adequate to meet rising demand.
-
California wildfires account for $40bn of the insured loss tally in H1.
-
The company also purchased $15mn of SCS parametric coverage.
-
In Q2 last year, Everest ceded $26mn in losses to Mt Logan.
-
The new team will be headed by Brown & Brown’s Ed Byrns.
-
The reinsurance CoR fell 2.3 points to 79.5% while the primary CoR rose 4.7 points to 98.7%.
-
Investors are drawing lessons from life deals to find new routes into insurance markets.
-
A roundup of all the news you need, including Enstar’s fronting entry.
-
The ILS Advisers Fund Index reported a profit of 1.11% in June.
-
The model becomes the second in the state to get approval to affect ratemaking applications.
-
The vehicle will support Ascot’s casualty business in the US and Bermuda.
-
Scor's CEO said the P&C market had experienced a “competitive” first half.
-
Markel announced the sale of its global reinsurance renewal rights to Nationwide.
-
Nationwide will delegate management of the policies to Ryan Specialty.
-
The broker has noted that double-digit reductions are increasingly available in property.
-
Amid $17bn of new deals, cat bond activity included aggregate and cascading structures.
-
Millions are evacuating after one of the strongest earthquakes in modern history.
-
Mercury’s recovery from the guaranteed percentage of losses is $47mn.
-
This brings the carrier’s total limit on the program to $1.8bn.
-
The legacy player is working to secure its first deal, and could look to expand to US E&S.
-
The Bermuda SPI will write a quota share of SageSure’s captive Anchor Re.
-
Matthew Flynn joins from RenaissanceRe.
-
The bond will provide protection on an industry-loss basis, as reported by PCS.
-
Insured losses produced the second highest first-half tally since records began in 1980.
-
The merged business of Twelve Securis ranked third among ILS managers for AuM, behind Fermat and RenRe.
-
The figure updates an April estimate of EUR696mn.
-
At least 14 new companies have opened up shop in the state in recent years.
-
Cat bond broking growth contributed to 6% organic growth in reinsurance.
-
A roundup of all the news you need, including Leadenhall Capital’s latest hire.
-
Brian Hickey joins the firm from PE specialist AE Industrial Partners.
-
Insurers must write policies in high-risk areas in order to incorporate the model.
-
Reserve releases helped to recapture deferred fees.
-
The consultation period around UK ISPVs was opened in November last year.
-
George Cantlay will also assume the additional position of president of the Bermuda business.
-
The reinsurer returned $216.7mn to investors in Q2.
-
The proposed reforms are designed to put the UK’s regulatory framework on par with Bermuda and the US.
-
CFO Christoph Jurecka will succeed as management board chair.
-
He replaces Andrew Hughes, who held the role since 2021.
-
The broker has nearly 20 years of experience in the reinsurance and retro markets.
-
The carrier reported preliminary profits of EUR2.1bn, driven by “very low” major-loss expenditure in P&C re.
-
Canio spent over 19 years with PGGM, with nine of those managing ILS.
-
The firm reported a net pre-tax cat loss of $414mn from January’s LA wildfires.
-
Managers believed end-investors value diversification and non-correlation of cat bonds over liquidity.
-
A roundup of all the news you need, including the FEMA funding lawsuit.
-
Cat bonds remain attractive for investors seeking risk-adjusted return and diversification.
-
The losses were below May’s $777mn, but almost 3x higher than for June 2024.
-
Matthew Towsey has spent 14 years at Aon.
-
The suit claims billions of dollars are being illegally withheld.
-
The US accounted for 92% of all global insured losses for the period.
-
US events accounted for more than 90% of global insured losses.
-
The PRA will also have to report on turnaround time for new approvals against 10-day and six-week targets.
-
State legislation has led to major strides in rate adequacy.
-
We discuss progress in collateral management with our Outstanding Contributor winner.
-
Category 4 and 5 storms could become more common and hit further north.
-
A roundup of all the news you need, including Paul McCabe’s exit from Twelve Securis.
-
Former ILS lead Matt Holland left the company in May.
-
He had spent 10 years at Securis, with seven of them as COO.
-
In the US, the index fell 6.7% year on year.
-
Despite predicting fewer hurricanes, the numbers are still above average.
-
His last role was ILW practice leader at Acrisure Re.
-
The weather-modelling agency is predicting a below-normal season.
-
The fund was renamed from the Pioneer Cat Bond Fund.
-
The total yield was 11.03% as of 27 June, including 4.3% of risk-free rate.
-
Some $400mn of bonds priced in the past week, after a record-setting H1.
-
The recommended “AIF lite” structure could be suited to cat bond lites.
-
The Diversified Alternative Fund’s allocation to cat bonds was up by 31% from $386mn at 31 January.
-
A roundup of all the news you need, including the first ILS fund to accept stablecoin.
-
The Bermudian ILS manager has recently changed its name from Mereo Advisors.
-
The fund’s ILS portfolio is split between 70% property cat and 30% cyber risk.
-
This comes in at the lower end of the initial spread guidance of 725-775 bps.
-
The investment consultancy said yields increased in Q2 by less than could have been expected.
-
The Australian carrier’s nat cat losses are A$200mn lower than its annual allowance.
-
Ex-Tropical Cyclone Alfred has been the costliest event, with A$1.36bn in losses.
-
The Cayman Islands-domiciled SPI now has four institutional backers.
-
Property cat-focused sidecar capital was up by approximately 10% in H1.
-
The company said the reduction was due to years of steady improvements.
-
Richardson has been with the firm since 2015 and was most recently vice chair and chair of international.
-
The programme’s total limit this year is down $594mn to $1.36bn.
-
The sidecars will provide capacity for reinsurers and large insurance carriers.
-
Initial responses to ESMA’s report welcomed the long timeframes for any changes.
-
The third-party capital manager is a new entrant to the retro space.
-
Weighted average multiples were down as sponsors capitalised on demand to push spreads lower.
-
The measure could have landed insurers with extra tax on US business.
-
The total return for the Swiss Re Global Cat Bond Index stood at 0.61% for the month.
-
-
A roundup of all the news you need, including the Insurance Insider ILS Awards.
-
A group of Bermuda staff also left the broker.
-
The body said cat bonds are closer to an insurance product than a security.
-
Michael Hamer recognised for his work with investors and on reporting frameworks.
-
The awards celebration took place at the Hilton Bankside on 25 June.
-
The new unit – Ceded Re – will operate under the leadership of Guy Van Hecke.
-
Twelve Securis is now a challenger for the top spot on the Insurance Insider ILS leaderboard.
-
The bond is split across a Series 1 and Series 2 structure, with eight notes in total.
-
The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
-
Everest Re increased the targeted size of Kilimanjaro Re across all four classes of notes.
-
The pensions scheme’s existing ILS holdings to Aeolus and HSCM are in run-off.
-
M&A and shifts in distribution arrangements bring risks and opportunities.
-
A roundup of all the news you need, including Nest’s ILS allocation.
-
The fund lists Twelve, Swiss Re and Cambridge Associates as managers.
-
Slide is putting faith in tort reforms and will lean into Florida, CEO Lucas said.
-
Allstate attributed the bulk of its losses to three major wind and hail events.
-
Pricing on all classes of notes are being offered at the bottom of the guided range.
-
AuM in GAIA Cat Bond Fund had grown to $3.9bn as of 31 May.
-
PCS's loss estimate for the March Missouri SCS pushed the bond beyond its exhaustion point.
-
The California Earthquake Authority upsized its Ursa Re deal by 60% to $400mn.
-
Buyers have turned to retro markets for covers where ILW pricing is less attractive.
-
A roundup of all the news you need, including the Willis Re/Guy Carp Bermuda dispute.
-
The Californian insurer had a private deal, Randolph Re, that provided pure wildfire protection.
-
Rachel Bardon will also join the board of Compre's Bermuda-based reinsurer Pallas Re.
-
Harry White has been with Verisk for 14 years, while Ted Gregory has been with PCS for 12.
-
John Kulik will work within Ledger’s broking team, Ledger Investing.
-
In April, the loss modeller pegged losses at A$2.57bn.
-
The documents figure in a potential criminal case against a CCB employee.
-
The Bermuda-based team is led by John Fletcher.
-
The firm said it was the first time a UCITS cat bond fund passed the $4.0bn mark.
-
In 2024, MGA GWP reached approximately $20bn in Europe.
-
Investors eyeing private ILS include opportunistic allocators keeping watch on storm season.
-
Everest Re has structured its deal into two sections targeting aggregate and per occurrence cover.
-
The sidecar renewed at $230mn for 2025.
-
A roundup of all the news you need, including PCS’s Missouri SCS loss estimate.
-
The pension plan noted in June 2024 that it was exploring new options in ILS.
-
The man is alleged to have conspired with others to falsify LOCs and collateral letters.
-
The loss has decreased by 0.3% since the company’s third assessment.
-
The number has expanded by around 40% from an earlier update, sources said.
-
The latest update brings the agency’s combined estimate for Milton and Helene to $32.4bn.
-
The executive has 15 years of experience in meteorology and cat analytics.
-
The investment is a response to shifts in stock-bond correlations.
-
The fund was set up 18 months ago by cat bond investor Florian Steiger.
-
William Soares moves from casualty and specialty CUO to president.
-
Total yield was 10.93% as of 30 May, including 4.34% of risk-free rate.
-
She was previously head of investor relations and business development for North America and Australia at Securis.
-
HCI secured three towers with $3.5bn in XoL coverage.
-
This followed a $650mn fall in April, after management change of the fund.
-
David Baldwin joins from EIRS where he was a senior reinsurance consultant.
-
Lyon joins the reinsurance broker from law firm Skadden, Arps, Slate, Meagher & Flom.
-
A total $225mn of fresh limit entered the market across two deals.
-
Weston Tompkins spent 10 years in an investor relations role at Securis.
-
ILS offers efficient capital for underwriters, but casualty ILS transactions are complex.
-
The bond will provide protection for storms, quakes and fires in seven US states.
-
The bond protects against losses in the US, Canada, Europe and Australia.
-
The $2.59bn renewal is up 45% from last year.
-
Up to nine million acres of US land are considered likely to burn.
-
Last week, TSR updated its forecast and is now predicting above-average storm activity.
-
The total cost excluding a 15% quota share was $201.85mn, with rates down 12.2% from last year.
-
Most of the losses are attributable to a supercell storm in Texas.
-
The company also has $100mn for US hurricane events.
-
The Floridian also secured $352mn of multi-year coverage extending to 2027.
Most Recent
