Archive for September, 2022

IQUW, the rebranded ARCUS 1856 Syndicate at Lloyd’s, has continued to build-out its reinsurance infrastructure, with two Heads of Reinsurance, for London and Bermuda named, one a new hire, the other an internal promotion.

Lockton Re, the reinsurance arm of the global broker, has today announced the launch of Lockton Re Capital Markets (LRCM), a new business unit to help clients access broader pools of capital from across the traditional and capital markets.

Kathleen Reardon, Chief Executive Officer of Hiscox Re & ILS, the international reinsurance and insurance-linked securities (ILS) arm of the Hiscox Group, recently explained to Artemis that the firm has ambitions to continue growing its ILS operation.

HSCM Bermuda, the reinsurance and ILS related investment arm of Hudson Structured Capital Management Ltd., has announced two promotions to senior positions within its team.

Mortgage focused insurer Essent Guaranty has returned to reopen the mortgage insurance-linked securities (ILS) marketplace after a hiatus with no deals for a few months, bringing its first of the year, as it seeks almost $304 million of mortgage reinsurance from this Radnor Re 2022-1 Ltd. issuance.

New Paradigm Group, LLC, the Florida-headquartered specialist managing general agency focused on parametric insurance, reinsurance and risk transfer products, has announced the departure of its co-founder.

Christian Mumenthaler, the CEO of Swiss Re believes that the reinsurance market will continue to harden significantly, as so far the price gains made by the industry have been largely eaten up by issues elsewhere that affect the reinsurance balance-sheet.

The base of insurance-linked securities (ILS) investors that are interested in casualty, or longer-tailed P&C reinsurance risks, is expanding, according to rating agency AM Best, who noted increasing interest in the non-catastrophe segment of the ILS market.

In the background, behind all of the noise over property insurance in Florida, ratings and company failures, a battle continues to be waged over some of the legal reforms implemented during the May special session of the Florida legislative.

Integral ILS Ltd., the insurance-linked securities (ILS) investment fund manager run by well-known industry executives Richard Lowther and Lixin Zeng, has hired a new investment analysis-focused staff member, bringing on Gowtham Uthayakumar as Client Relations Associate.