Insurance Linked Investments

Vesttoo has hired a Chief Financial Officer as it continues to add all-important expertise and depth to its executive bench, naming former Prudential and Goldman Sachs banker Gaurav Wadhwa to the position.

Nectaris Re Ltd., the Class 3A Bermuda-based rated reinsurance underwriting platform backed by London headquartered specialist insurance linked securities (ILS) and reinsurance related investments manager Leadenhall Capital Partners LLP is planning to expand its open market business to benefit from hard market conditions.

Rating agency AM Best has highlighted the ongoing de-risking and re-underwriting process being undertaken by Class 3A Bermuda based reinsurer Lumen Re, which is the main reinsurance underwriting vehicle of LGT ILS Partners, the specialist dedicated insurance-linked securities (ILS) investments unit of the private bank and asset manager.

Investors are becoming increasingly engaged in understanding how climate change could affect portfolios of insurance-linked securities (ILS) and the work that is being done at investment managers to understand that, with many taking the time to “come back to the table”, according to Aeolus Capital Management’s Frank Fischer.

Global insurance and reinsurance firm Everest Re is expanding its use of insurance-linked securities (ILS) investor capital, with its third-party capital venture Mt. Logan Re Ltd. a core component of the firm’s efforts to lower its catastrophe exposures, according to John Modin, President of Mt. Logan Re.

Once again, the insurance-linked securities (ILS) market is demonstrating the value of making investments into relatively uncorrelated assets, as some catastrophe bond and ILS fund strategies have been delivering benchmark-beating returns for the first few months of 2022, against the grain of many other asset classes.

Vesttoo has made two senior hires in its legal function, adding former Hiscox executive David Schonbrun as Chief Legal Officer and a former Senior SEC Counsel Daniel Goldfried as his Deputy.

Global reinsurance broker Lockton Re, part of the independent Lockton broking group, has made a key hire as it moves forwards with plans to integrate insurance-linked securities (ILS) alongside traditional coverage options within its broking teams.

The mismatch between supply and demand in the catastrophe bond market persists and could now become accentuated, as the market pipeline of new cat bond deals continues to expand.

Netherlands-based pension investor PGGM continues to steadily expand the capabilities of its joint-venture and rated underwriting vehicle Vermeer Reinsurance Ltd., subscribing for more shares in the company during the first-quarter of 2022.