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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.
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Capital inflows, notably into UCITS funds, and accumulated returns supported issuance of $17.2bn in 2024.
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The offering is a collaboration with Generali and parametric carrier Descartes.
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Barthelemy Thomas joins from PartnerRe Capital Management in Zurich
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The reinsurer added two new tranches to its 2025 issuance.
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The capital partners unit was launched via London Bridge 2 in Lloyd’s last year.
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Graeme Bell (pictured) will continue in his role as group legal officer.
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Amin Touahri spent five years in a variety of roles at Munich Re.
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Compressed cat bond spreads could drive some rebalancing, as M&A remains a prospect.
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The vehicle is smaller by 8% as White Mountains’ participation grew.
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The sponsor has expanded its target deal size compared with a year ago.
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The first cat bond deal from the carrier achieved its target size of C$150mn.
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The reinsurer is seeking index-based cover for a wide scope of perils and territories.
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The broker anticipates strengthening investor demand for collateralised re.
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The firm has commenced writing collateralised retro and reinsurance but its rated launch is still pending.
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The UCITS cat bond segment has added 54% in AuM since Hurricane Ian.
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Casualty ILS made inroads, while hurricane hedging strategies came into focus.
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The bond offers a higher multiple than a similar Fuchsia Re deal placed last year.
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The company no longer has any exposure to reinsurance contracts.
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Everest is in the process of transforming its ILS offering.
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The reinsurer said investors were interested in expanding after benefiting from good results.
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Magnani has served for more than 14 years in ILS broking roles.
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The ILS manager will “pragmatically accept” a degree of credit risk in deals.
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Former ILS investors who left the space have looked again and re-allocated.
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CEO Jonathan Zaffino said he saw opportunities for expansion in casualty.
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Management track record has been a factor in capital raising for 2025.
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The start-up has secured BMA approval as it looks to a 1 January kick-off.
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Shareholders are voting to approve being wound up on 18 December.
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Strong growth in fee income builds on the favourable rating environment.
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The fund will be denominated in US dollars and digital currencies.
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The sidecar was established to enhance RGA’s access to capital for its US asset intensive business.
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The capital being returned to shareholders is part of a compulsory partial redemption.
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The firm’s AuM in four key vehicles rose $526mn in Q3.
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The company’s reinsurance premiums ceded fell by 58% to $149mn.
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The deal would represent a diversifying auto risk deal.
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Many in the ILS sector are bullish on Milton losses falling at the lower end of earnings impacts.
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Post-Milton investor interest in ILS has yet to translate into dollars allocated.
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The Dutch scheme is the largest ILS allocator with a long list of mandates within the sector.
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Hurricane Milton will show the ILS product behaving as investors expect it to.
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The company is monitoring the NFIP’s flood-exposed bonds.
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The Canadian pension plan put its Lloyd’s portfolio under review earlier this year.
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The raise includes minority investments from Nationwide, Enstar and others.
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The manager is hopeful of closing all contracts by the end of 2024.
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Maya Henry will be tasked with raising capital and managing clients in North America.
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Floir approved nearly 650,000 policies for takeout from Citizens for October and November.
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The new commingled fund will target investors with $5mn or higher potential investments.
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ILS brokers are pitching for Sanders Re and ResRe transactions.
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Cat bond funds continue to draw interest as private ILS more challenged.
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The Brian Duperreault-led reinsurer start-up has secured a cornerstone investor and aims to have an ILS fund running from day one.
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Sidecar vehicles are being tailored to match investors’ objectives.
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The executive explored ILS options as MD of hedge fund Horton Point post financial crisis.
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The board of directors has voted for a 10% rate hike.
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The moves mark a major step in realising “trillion dollar” casualty ILS potential, according to Ledger Investing CEO Samir Shah.
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The reinsurer raised $84.5mn of third-party capital in the quarter.
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The firm has observed a “more widespread investor base” in cat bonds.
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Availability of ILS has so far fulfilled investor demand.
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Benefits of ILS smart contracts include transparency and tradeability.
