Insurance Linked Investments

With pricing for retrocessional reinsurance having soared over the last couple of years and global reinsurance firms reducing their appetites for natural catastrophe risk, S&P Global Ratings believes this could drive a reduction in the use of retro protection.

Alternative capital, so that backing catastrophe bonds, insurance-linked securities (ILS) and other collateralized reinsurance structures, is set to make up a bigger proportion of dedicated reinsurance capital, according to Howden Tiger’s David Flandro.

The proposed acquisition of GAM Holding AG, parent company to GAM Investments and home to one of the largest catastrophe bond fund strategies, by specialist fund management group Liontrust has failed to win the necessary investor support, with the GAM Board now turning to discussions with the rival investor group NewGAMe.

The alternative capital market in reinsurance is primed for growth through the rest of 2023, with favourable conditions expected, according to rating agency Fitch.

The latest in the Vesttoo bankruptcy case, is that the insurtech’s lawyers have engaged with counsel for Aon’s White Rock Insurance (SAC) Ltd. and the Joint Provisional Liquidators for the White Rock cells that are subject to Bermuda court action, coming to an agreement for an order that would enforce an automatic stay on an […]

Ledger Investing, the insurance technology (insurtech) and insurance-linked securities (ILS) focused company, has completed a significant new secondary trade of casualty ILS premiums totalling $250 million and said that it is seeing growing institutional investor interest.

The importance of the Fermat Capital Management catastrophe bond funds to global asset manager GAM Investments has become abundantly clear, with disclosures related to the GAM Holding acquisition by Liontrust suggesting Fermat is responsible for as much as 21% of the assets and revenues of the firm.

Vermeer Reinsurance Ltd., the joint-venture and rated underwriting vehicle that RenaissanceRe manages on behalf of Netherlands-based pension investor PGGM and its end-client the Dutch pension PFZW, had a strong second-quarter, with almost $52.2 million of net income attributable to the backers of the company.

Clear Blue Insurance Group is the first external organisation that has signed up to appear in the Chapter 11 bankruptcy case of beleaguered insurtech Vesttoo, as the fronting specialist looks to protect its rights as a possible creditor.

Aspen Capital Markets, the third-party and alternative reinsurance capital management unit of global re/insurer Aspen, is benefiting from the increased assets under management (AUM) the unit had raised last year, with its fee income for the first-half rising by roughly 30%.