capital markets


Florida ILW price indications up as much as 50% year-on-year

With the Florida reinsurance renewals fast approaching, it's interesting to learn that indicative pricing for industry-loss warranty (ILW) protection covering hurricanes affecting the state is up significantly year-on-year, but actual market pricing may be flat or even down. Please read our update at the foot of this article. The market for read the full article →

Cowdery’s Resolution raises $1.6bn for legacy life insurance investments

Resolution Life, the legacy life insurance investments arm of insurance entrepreneur Clive Cowdery’s Resolution Group, has raised a further $1.6 billion to fund growth through the acquisition and reinsurance of life insurance portfolios. Resolution Life takes on large books of life insurance business, using acquisitions or reinsurance backed by fund-like capital read the full article →

Florida reinsurance renewal terms key, as rate expectations falter

The upcoming June 1st reinsurance renewals in Florida are still expected to see broad rate increases of between 5% to 15%, according to our sources, but this is lower than where expectations had been sitting a few months ago. The market had been hoping for more significant firming, but we're now read the full article →

Leadenhall backed Nectaris Re reinsurance platform gets ‘A’ rating

Leadenhall Capital Partners LLP, the London headquartered specialist insurance linked securities (ILS) and reinsurance related investments manager, is backing a new rated reinsurance underwriting platform in Bermuda, with a Class 3A reinsurer Nectaris Re Ltd. Insurance-linked securities (ILS) managers have been expanding their underwriting infrastructure in recent years, with some choosing read the full article →

ILS is a growing part of the ESG mosaic, say industry experts

As responsible and sustainable investing continues to gain traction, the insurance-linked securities (ILS) asset class is expected to play an increasing role, but it’s important that the sector tells its own environmental, social and governance (ESG) story. This is according to ILS and reinsurance industry experts speaking recently at the virtually read the full article →

Gallagher’s reinsurance expansion to have strong ILS synergies

While Gallagher's CEO went to some lengths to explain that the acquisition of a $3.57 billion merger remedy package from Aon and Willis Towers Watson (WTW) is focused on growth rather than synergies, the deal will bring the firm significant synergistic opportunities in the insurance-linked securities (ILS) market. It was announced read the full article →

Artemis Live interview: ILS appetite for political violence risks, with PCS’ Johansmeyer

For our latest Artemis Live interview we were joined by Tom Johansmeyer, Head of PCS, to discuss the insurance-linked securities (ILS) market's appetite to invest in strike, riot & civil commotion (SRCC) or political violence related reinsurance risks. The discussion came about because of a recent piece of work undertaken by read the full article →

Beazley reports “higher than expected rate changes” in Q1

Beazley, the Lloyd’s market focused specialist insurance and reinsurance underwriter, has continued to expand its underwriting within its market facilities unit, where the largely third-party capital backed Smart Tracker facility sits, growing that segment 35% during the first-quarter of this year. Beazley has reported overall growth of 16% in gross premiums read the full article →

Gallagher’s WTW acquisitions to include ILS specialist Willis Re Securities

The pending acquisition of the majority of reinsurance broking unit Willis Re by Arthur J. Gallagher & Co. (Gallagher) will include insurance-linked securities (ILS) and capital market specialist unit Willis Re Securities. It was announced today that Gallagher has agreed to acquire a $3.57 billion package of assets from Willis Towers read the full article →

Abu Dhabi Investment Authority exploring reinsurance market entry

The Abu Dhabi Investment Authority (ADIA), a sovereign wealth investment fund owned by the Emirate of Abu Dhabi and tasked with investing funds on behalf of the Government of the Emirate, is looking to expand its activities in reinsurance with its own carrier and also insurance-linked securities (ILS), we're told. Sources read the full article →