Insurance Linked Investments

Everest Re saw its fully collateralized reinsurance sidecar and segregated accounts vehicle Mt. Logan Re shrink slightly during the second-quarter of 2019, but at the same time the reinsurer grew its shareholders equity significantly, taking its overall capital base to a new high of $13.4 billion.

For some year’s now we’ve been saying that insurance-linked securities (ILS) capacity and alternative reinsurance capital is destined to get closer to risk, as structures and technologies advance to allow it to break free from the strictures of the traditional market chain.

ILS fund manager Twelve Capital continues to demonstrate its commitment to sourcing new risk in catastrophe bond form for its growing investment fund strategies, with a new $11.36 million Dodeka XXIV transaction coming to market.

In reporting its results today, insurance and reinsurance firm Hiscox Group explained that rate momentum continues to build and price increases have been accelerating at renewals so far in 2019, while its Hiscox Re & ILS unit continues to find attractive opportunities in retrocession.

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.

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.