Insurance Linked Investments

ILS fund and reinsurance linked investment manager ILS Capital Management is changing its name to Resolute Global Partners, as it expands its scope of investment to include more insurance and reinsurance related opportunities.

The Fontana Holdings third-party capitalised casualty and specialty reinsurance focused joint venture vehicle launched by Bermudian reinsurer RenaissanceRe will have the flexibility to become market-facing and write business directly for counterparties, it seems.

Fixed income financial services investment specialist Cohen & Company, has made a $45 million debt investment into Brotherhood Mutual Insurance Company through its subsidiary Dekania Capital Management.

Program business, especially that focused on casualty lines of insurance and reinsurance, should prove increasingly attractive to insurance-linked securities (ILS) investors over time, as the cash-positive nature of the structure is beneficial for them, Shevawn Barder, CEO of AM RE Syndicate told us in a recent interview.

The senior leadership of global reinsurance company Swiss Re is bullish that insurance-linked securities (ILS) investor appetite will recover after a recent lull caused by losses and uncertainty, they explained at the firm’s investor day yesterday.

Two tranches of privately placed catastrophe bond notes from the $250 million Artex SAC Limited – Aquarelle Notes transaction that came to market in 2021 and was thought to be the largest private cat bond ever, have been through a variable reset process at the request of the ceding insurer.

On the heels of a record year for property catastrophe bond issuance, momentum continued in the first quarter of 2022 as sponsors brought approximately $3 billion of traditional 144a transactions to market.

The United States Department of Treasury’s Federal Insurance Office (FIO) is seeking industry input and feedback on how available reinsurance and retrocession support from the capital markets may be for terrorism related risks.

Vesttoo has added another senior capital markets expert to its growing Advisory Board, recruiting former Credit Suisse advisor Dr. Sanjiv Sobti who has a long history on Wall Street.

UK parliamentary group, the House of Lords Industry and Regulators Committee, has told the government that following an inquiry into commercial insurance and reinsurance regulation, it believes the “inflexible culture” of the regulators has held back the countries ambitions to develop new forms of business.