Brit Ltd., the specialty insurance and reinsurance company, has ambitious plans to expand its Sussex Capital ILS management and collateralised reinsurance platform, according to Chris Denton, Managing Director of Sussex Capital Management and the Chief Underwriting Officer of Brit Re.
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Allianz Risk Transfer’s (ART) latest catastrophe bond, the Blue Halo Re Ltd. (Series 2022-1) issuance, has now been achieved its upsized $125 million target, while both tranches of notes have priced below guidance in a vote of confidence for the sponsor and the subject business, which is suspected to include risks fronted for ILS manager […]
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Here are the ten most popular news articles, week ending February 13th 2022, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.
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In the first of a series of sponsor showcase video interviews for the upcoming Artemis ILS NYC 2022 conference (held April 22nd in New York City), we welcomed Tom Johansmeyer, Head of PCS, who joined us to talk all things political violence, unrest and cyber risk.
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Global insurance and reinsurance company Everest Re has is experiencing strong investor interest for its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle, CEO Juan Andrade said yesterday.
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Specialty insurance and reinsurance player Brit Ltd. has made two new senior hires to the team of its Sussex Capital ILS management and collateralised reinsurance platform, adding well-known insurance-linked securities (ILS) executives Cornell Fox and Masa Kitade in Bermuda.
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Citing recent years of catastrophe losses, rising reinsurance costs and still growing litigation related costs, property and casualty (P&C) insurer United Insurance Holdings Corp. (UPC Insurance), said it is suspending writing new homeowners business in its home state of Florida.
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The U.S. Federal Emergency Management Agency (FEMA) has now lifted its upper-target for its new FloodSmart Re Ltd. (Series 2022-1) catastrophe bond to seek as much as $450 million of reinsurance protection for its National Flood Insurance Program (NFIP).
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Markel CATCo Investment Management has gained support from a majority of investors in its listed retrocessional reinsurance investment fund for the improved terms of the buy-out offer and an extension of the Support Undertakings to 31st March 2022.
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Specialty insurance and reinsurance player Brit Ltd. reported its results for 2021 this morning and its senior executives disclosed that the company experienced increased income through its third-party capital management activities for the year, while these structures also played a role in funding capital to its new algorithmic Ki Syndicate.
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Specialty insurance and reinsurance group Lancashire Holdings continued its story of expansion through full-year 2021, reporting a doubling in the size of its property and casualty reinsurance book over the course of the year.
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The latest catastrophe bond from Allianz Risk Transfer (ART), Blue Halo Re Ltd. (Series 2022-1), appears to have been well-received by investors, as Artemis has learned that the issuance is set to upsize by 25% to $125 million, while the price guidance has been lowered for both tranches of notes.
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Pacific Gas and Electricity (PG&E), the California electrical utility, is still hoping to recover as much as almost $1.25 billion in additional insurance claims from its carriers for its losses and liability related to three wildfire events from recent years.
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Hudson Structured Capital Management (HSCM), the reinsurance, insurtech, insurance-linked securities (ILS) and transportation focused investment manager, has hired Jason Saints from Arch Capital as a Vice President, Re/Insurance of its HSCM Bermuda branch.
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