Archive for July, 2019

Global asset management group Schroders is set to acquire a majority stake in impact and microfinance investment management specialist BlueOrchard, the firm that is also the manager of the InsuResilience fund.

Markel Corporation said it is launching a new retrocessional reinsurance insurance-linked securities (ILS) fund platform, while at the same time announcing a winding down of the existing Markel CATCo fund operations.

Beech Hill Securities, Inc., a New York based full-service broker-dealer now has a catastrophe bond trading capability.

Insurance and reinsurance broker Aon has reported continued growth in terms of insurance-linked securities (ILS), catastrophe bonds and other capital markets related reinsurance transactions for the second-quarter, while overall reinsurance broking revenues grew 12%.

P&C insurance firm Kingstone Companies, Inc. has renewed its reinsurance treaties, including a cornerstone $603 million catastrophe excess of loss reinsurance arrangement that is backed by 53 reinsurers and 35% larger than the prior year treaty.

Blue Capital Reinsurance Holdings Ltd., a stock exchange listed, collateralized reinsurer owned by Sompo International Holdings Ltd., is to be run-off, the company has announced.

The completion of Bermuda-based re/insurer Arch Capital Group Ltd.’s latest and largest mortgage insurance-linked securities (ILS) transaction seen to-date, a $701 million Bellemeade Re 2019-3 Ltd. shows the firm is at the “forefront” when it comes to managing capital and risk, an executive said today.

Kinesis Capital Management, the collateralized retrocessional reinsurance unit of specialty re/insurer Lancashire Holdings Limited, has continued to grow its assets under management, taking advantage of opportunities to deploy more limits in the second-quarter.

The insurance and ultimately reinsurance market caused by damage to and the resulting production shutdown of the Kwame Nkrumah FPSO (floating production, storage and offloading) vessel operating on the Jubilee oil field, Ghana, looks closer to settling as the loss creep from business interruption has slowed down.

RenaissanceRe deployed more capacity into retrocession again at the recent mid-year reinsurance renewals, managing to provide continuity to some protection buyers that were missing the availability of Markel CATCo’s retro product.