Alternative reinsurance capital

The World Bank sees the insurance-linked securities (ILS) sector providing significant benefits for member country governments, but elements of the catastrophe bond structure could be adapted to make it an even more attractive tool for sovereign disaster risk financing.

RenaissanceRe, the Bermuda headquartered global reinsurance company, has lifted its third-party capital assets under management to a new high of $6.4 billion as of January 1st 2021.

Thanks to popular demand and a number of stars aligning, we are delighted to bring you two additional broadcasts from our virtual ILS NYC 2021 conference today.

The already large environmental, social and governance (ESG) investor community is poised to expand further, but in order for the insurance-linked securities (ILS) sector to really take advantage of the opportunity it needs to address certain challenges, says Marcus Rivaldi, Managing Director of Analytics, Twelve Capital.

Ambac Financial Group, Inc. has launched a new program and fronting focused specialty insurance company named Everspan Group and targets participatory fronting and transformation for select risks, with the insurance-linked securities (ILS) market a potential reinsurance capacity partner it seems.

The next phase of the catastrophe bond market will see a shift from the structure’s use for deep capacity and as a risk management tool, to being viewed as a more permanent form of capital, according to Cory Anger, GC Securities.

Vesttoo, a technology firm that uses proprietary artificial intelligence and machine learning solutions with the goal of helping companies assess and transfer risks to the capital markets, has secured a new equity investment from Silicon Valley specialist venture platform Plug and Play.

Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance, insurtech and transportation- focused investment manager, has refinanced its initial start-up obligations with diversified investor Eldridge, as it secures backing for future growth.

The insurance and reinsurance industry’s relative lack of correlation with broader financial markets is now more important than ever before, Michael Millette explained at our ILS NYC 2021 event.

Everest Re, the global insurance and reinsurance underwriter, has raised new capital for its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle towards the end of 2020, as the structure reached $900 million of assets under management at January 1st.