convergence

Pillar Capital Management Limited, a Bermuda headquartered specialist collateralized reinsurance and insurance-linked securities (ILS) investment manager, has achieved impressive growth in assets under management over the last year.

Florida’s Citizens Property Insurance Corporation has shrunk its exposure significantly in recent years, thanks to a gradual privatisation of its risk through its policy depopulation program.

Experienced insurance-linked securities (ILS), insurtech and reinsurance convergence focused executive and lawyer Michael Halsband has moved firm to join McDermott Will & Emery as a Partner in its New York practice.

Financial services insurance and reinsurance group Alleghany Corporation has reported a continuation of the rebound in income earned from its stake and investments in specialist insurance and reinsurance linked ILS asset manager Pillar Capital and its funds.

Financial services insurance and reinsurance group Alleghany Corporation reported a negative investment income hit from its equity investments in specialist insurance and reinsurance linked ILS asset manager Pillar Capital and its funds for 2018.

Financial services insurance and reinsurance group Alleghany Corporation has continued to experience negative impacts from the 2017 hurricanes and catastrophe events through its equity investments in specialist insurance and reinsurance linked ILS asset manager Pillar Capital and its funds.

Catastrophe losses suffered from third-quarter hurricanes Harvey, Irma and Maria by specialist insurance and reinsurance linked ILS asset manager Pillar Capital are evident in the results of its stakeholder financial services group Alleghany Corporation.

Specialist insurance and reinsurance linked ILS asset manager Pillar Capital delivered slightly lower income to its stakeholder financial services group Alleghany Corporation during the second-quarter of the year, possibly a reflection of the lower available returns in reinsurance due to the softened market.

Insurance, reinsurance and financial services group Alleghany Corporation and its reinsurer TransRe’s ownership stake and investment in specialist ILS manager Pillar Capital and its ILS funds delivered an increased contribution to its quarterly results in Q1 2017.

The carrying value of insurance, reinsurance and financial services group Alleghany Corporation and its reinsurer TransRe’s ownership stake and investments in specialist ILS manager Pillar Capital and its ILS funds increased in the last quarter of the year.