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The Bermuda reinsurer has been active in ILS since launching in 2007. -
The sidecar will support five programs providing specialty frequency coverages.
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ILS executives talked pricing, capacity and opportunities in casualty at an ILS roundtable in Monte Carlo.
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The tech firm is building a joint stock company with insurers and investors.
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Fleming’s attempt follows those of other legacy carriers that have had recent successes raising capital.
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It is understood that CyberCube has been considering a sale of the business.
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The global specialty player is also exploring ILS offerings across specialty and cat bonds.
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The ILS play will make the business more capital efficient under new owner Sixth Street.
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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
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The Bermuda SPI will write a quota share of SageSure’s captive Anchor Re.
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The fund’s ILS portfolio is split between 70% property cat and 30% cyber risk.
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The Cayman Islands-domiciled SPI now has four institutional backers.
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Michael Hamer recognised for his work with investors and on reporting frameworks.
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M&A and shifts in distribution arrangements bring risks and opportunities.
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Slide is putting faith in tort reforms and will lean into Florida, CEO Lucas said.
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ILS offers efficient capital for underwriters, but casualty ILS transactions are complex.
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The $2.59bn renewal is up 45% from last year.
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The cat bond limit total is an uplift of around 60% on the carrier’s 2024 bonds.
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Fox highlighted the increasing role of alternative capital and creative financial vehicles.
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Proceeds will expand the company’s reinsurance protection in Florida and South Carolina.
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The buzz in the air at ILS Connect told of a market entering its next growth phase.
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The initial offering will include 6,875,000 shares of common stock.
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The carrier is offering shares priced at $29-$31.
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The casualty ILS business now has $175mn in capital.
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An allocation to insurance could “feel like a nice, calm port in the storm” amid wider market volatility.
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Portfolio rebalancing was not triggered last week, but investors are now distracted and nervous.
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The Swiss pension fund’s ILS allocation stood at 4.9% of the total fund as of 25 March.
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Fees on the GAM Star cat bond funds will drop in May in a recognition of fee competition in the market.
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The vehicle will take a quota share of all of the risks underwritten by Ryan Specialty’s MGA arm.
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The bond upsized by around 20% as pricing settled 2% below initial guidance at 7%.
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Indirect exposure to cat risk through long-term investors gives Markel optionality.
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DaVinci equity plus debt stood at $3.25bn as of 31 December.
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The investors are led by PE firm NMS Capital Group.
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Two ILS funds featured in the top five asset-raisers within the index.
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The departures include North American Arcas head Alex Orloff.
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The start-up has achieved an A- credit rating from AM Best.
