protected cell company

Artex, the captive, alternative risk transfer, insurance-linked securities (ILS) facilitation and capital solutions subsidiary of Gallagher, is set to rebrand all of its cell facilities and transformer offering as Artex Axcell, as it seeks to unify the brand proposition across these important market-facing services.

Aon operated Bermuda-based segregated account company White Rock Insurance (SAC) Ltd. has issued another private catastrophe bond in the Japanese Asagao parametric earthquake series, with a $40 million Asagao VII transaction completed recently.

Delivering a welcome speech this morning at the Artemis ILS Asia 2023 conference in Singapore, Cheng Khai Lim, Executive Director, Financial Markets Development Department, Monetary Authority of Singapore (MAS), highlighted the need for greater structuring and deal capabilities in Asia, as Singapore continues to streamline its insurance-linked securities (ILS) regulatory regime.

A new Bermuda based Class 3 re/insurer and segregated accounts company has been set up by reinsurance broker Inver Re, a unit of the Ardonagh Group, with Inver Re (Bermuda) SAC Ltd. set to be used both as a captive vehicle and for collateralized reinsurance arrangements.

White Rock Insurance (SAC) Ltd. has issued a sixth transaction in the Japanese Asagao private parametric earthquake catastrophe bond series, with a smaller that typical $4.6 million Asagao VI transaction coming to light.

Global insurance and reinsurance broker and advisory Aon has made a number of senior changes within the leadership for its White Rock transformer, fronting and insurance management vehicle.

Aon’s Bermuda domiciled Class 3 and Class C insurer and segregated accounts company White Rock Insurance (SAC) Ltd. has issued a fifth transaction in the Japanese Asagao private catastrophe bond series, with a $16.2 million Asagao V completed.

Strategic Risk Solutions, Inc., an independent provider of insurance, reinsurance and captive management and consulting services, has acquired a segregated cell company in Barbados, increasing its range of options for those looking for structures to support insurance and reinsurance related transactions.

A fourth Asagao private catastrophe bond transaction has come to light, with the nearly $68 million Asagao IV transaction the latest to be issued by insurance and reinsurance broker Aon’s Bermuda domiciled Class 3 and Class C insurer and segregated accounts company White Rock Insurance (SAC) Ltd.

A third Asagao private catastrophe bond transaction, a roughly $18.3 million Asagao III – White Rock Insurance (SAC) Ltd., has been issued by insurance and reinsurance broker Aon’s Bermuda domiciled Class 3 and Class C insurer and segregated accounts company White Rock Insurance (SAC) Ltd.