Insurance-linked investments

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Brit grows third-party capital, expands investor base for 2019

Despite what the firm explains as a "more difficult environment" for fundraising, specialty insurance and reinsurance player Brit Ltd. said it has grown its third-party capital base and added new institutional investors for 2019.Brit's managed third-party investor backed capacity reached $400 million across its Sussex Capital collateralised reinsurance platform, Versutus read the full article →

Argo retains reinsurance structure, access to third-party capital for 2019

International specialty insurance and reinsurance firm Argo Group retained the overall structure of its reinsurance and retrocession for 2019, including its access to third-party capital from investors for which it is increasingly originating underwriting business.Argo adjusted the capital structure supporting its international reinsurance business at the beginning of 2018, after read the full article →

Nephila reapproved as Blackstone sub-advisor after Markel acquisition

Nephila Capital, the largest investment fund manager of insurance-linked securities (ILS) and reinsurance linked assets, has been reapproved as a sub-advisor for a multi-strategy fund by asset management giant Blackstone.Blackstone Alternative Asset Management, the hedge fund solutions group of Blackstone which has around $78 billion under management, had first added read the full article →

Essent targets $444m Radnor Re 2019-1 mortgage ILS transaction

Mortgage insurer Essent Guaranty is returning to the capital markets for additional excess-of-loss reinsurance in 2019 with its second mortgage insurance-linked securities (ILS) transaction, an almost $444 million Radnor Re 2019-1 Ltd. deal that has recently launched to investors.Essent Guaranty sponsored the $424.4 million Radnor Re 2018-1 Ltd. transaction in read the full article →