capital markets


Horseshoe + Artex to create “ILS center of excellence” – CEO Perez

The combining of Horseshoe Insurance Services Holdings Ltd. and Artex Risk Solutions operations positions them to create an "ILS center of excellence" according to Horseshoe CEO Andre Perez.As we recently reported, Artex Risk Solutions is set to acquire Horseshoe, the Bermuda-headquartered specialist ILS, insurance or reinsurance manager and fund administrator, read the full article →

UN, WWF & global re/insurers urge risk transfer innovation for World Heritage Sites

The United Nations, the World Wide Fund For Nature (WWF) and leading global insurance and reinsurance firms are calling for the use of innovative risk transfer solutions, including parametric protection and catastrophe bonds, to protect World Heritage Sites.The UN Environment’s Principles for Sustainable Insurance Initiative (PSI), a collaboration between the read the full article →

Terror risk a “useful but complex diversifier for ILS funds” – IFTRIP

Terrorism insurance and reinsurance risks are seen by investors as a useful but complex diversification opportunity for their ILS funds, hot topics discussed at the annual IFTRIP conference suggested.The International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP) annual conference was held in Brussels last week and insurance-linked securities (ILS) and read the full article →

Interior non-correlation of ILS helps capital flow, provides relative value: Millette

The "interior non-correlation" of insurance and reinsurance means that the ILS market can help capital flow more smoothly from end-to-end, while investors can access relative value thanks to the diversification within the sector, according to Michael Millette.The founder and managing partner of specialist insurance-linked securities (ILS), reinsurance and transportation focused read the full article →

AXA XL wants to create tradable Ocean Risk Index

AXA XL, the global specialty insurance and reinsurance unit of the AXA Group, continues to work on initiatives related to climate risk and our oceans, with one area of work being pursued an Ocean Risk Index that could be used for risk transfer.AXA XL has been involved in a range read the full article →

AXIS says Q3 cat losses up to $175m, much higher than analyst estimates

AXIS Capital Holdings Limited has announced a preliminary estimate that its third-quarter 2019 catastrophe losses from events including hurricane Dorian and Japanese typhoons will total from $150 million to as much as $175 million, net of recoveries from reinsurance and retrocession.This is significantly higher than analysts had been expecting, with read the full article →

ILS integral to the business, brings capital to big problems: RenRe CEO O’Donnell

Insurance-linked securities (ILS) are integral to the business of insurance and reinsurance and an ideal solution for bringing capital to the big problems facing society, according to RenaissanceRe CEO Kevin O'Donnell.Giving a keynote speech at the ILS Bermuda Convergence 2019 conference today, the CEO of Bermuda headquartered global reinsurance firm read the full article →

Fermat backs €6m private debt transaction for Gefion Insurance A/S

Fermat Capital Management, LLC, the insurance-linked securities (ILS) and catastrophe bond focused investment manager, has completed a second private debt arrangement for Danish non-life insurer Gefion Insurance A/S with a new €6 million transaction.Fermat completed a €10 million private subordinated debt placement for Gefion Insurance A/S back in 2017 and read the full article →

ILS plays vital role, convergence continues apace: ILS Bermuda speakers

The insurance-linked securities (ILS) market plays an increasingly important role in supporting global insurance and reinsurance protection, while at the same time the convergence of ILS with traditional market structures continues apace.Introducing today's ILS Bermuda Convergence 2019 conference held in Hamilton, speakers discussed the key role of ILS in the read the full article →

Athene’s ACRA insurance-linked sidecar vehicle gets rated

Athene Holding Ltd., the life and retirement reinsurance firm that is majority owned by investor and private equity specialists Apollo Global, has had the two entities of its Athene Co-Invest Reinsurance Affiliate (ACRA) sidecar vehicle rated by A.M. Best.Athene has been steadily raising third-party capital commitments for the Athene Co-Invest read the full article →