capital markets


Cat bonds to break records, but Collateralized Re to outpace: Reader poll

Our readers forecast more than $12 billion of catastrophe bond issuance in 2021, which would see the market setting a new record. But in terms of which area of insurance-linked securities (ILS) is likely to grow fastest, the collateralized reinsurance market is forecast to outpace cat bond market growth this read the full article →

Indonesia cat bond possible, as World Bank lends for disaster insurance

The World Bank has approved $500 million of funding for Indonesia to help the country enhance its financial response to natural disasters, climate risks, and health-related shocks, with the use of risk pooling, and insurance or reinsurance instruments at the heart of the plan. Between 2014 and 2018, the central government read the full article →

Pillar Capital’s ILS assets grow 39% in 2020, reaching $2.4bn

Pillar Capital Management Limited, a Bermuda headquartered specialist collateralized reinsurance and insurance-linked securities (ILS) investment manager, has continued to have fund raising success through 2020, lifting its ILS assets managed by 39% to reach $2.4 billion as of the start of 2021. Pillar Capital Management Limited, a Bermuda headquartered specialist collateralized read the full article →

Travelers expands aggregate reinsurance, but lifts attachment at Jan renewal

U.S. primary insurance carrier Travelers has successfully renewed its aggregate catastrophe reinsurance treaty at the January 2021 renewal season, with the layer set to provide it with slightly more coverage than last year but at a higher attachment point. As a reminder, Travelers had made a full $280 million recovery from read the full article →

Vantage launches collateralized insurer AdVantage Retro I Ltd. in Bermuda

Vantage Risk, the insurance and reinsurance start-up launched by industry veterans Greg Hendrick and Dinos Iordanou, has established its first insurance-linked securities (ILS) vehicle in Bermuda, a collateralized insurer class company named AdVantage Retro I Ltd. We've learned from our sources that AdVantage Retro I Ltd., which was registered in Bermuda read the full article →

PartnerRe gets Olympus investment for retro & specialty vehicle Laplace-C

Bermuda headquartered reinsurance company PartnerRe has set up a new retrocession and specialty reinsurance focused investment vehicle named Laplace-C and secured backing from private equity player Olympus Partners. Laplace-C has been established to take advantage of opportunities seen in the global reinsurance market at this time and we understand is just read the full article →

Vesttoo publishes COVID-19 era mortality models, offers risk transfer index

Vesttoo, which uses proprietary artificial intelligence and machine learning solutions to help companies assess and transfer risks to the capital markets, has published mortality risk models and forecasts for the U.S. including COVID-19 impacts, and offers the resulting index for mortality risk transfer transactions. Vesttoo aims to help risk bearers better read the full article →

Akinova gets first Bermuda Insurance Marketplace Provider licence

Akinova, a company that has created a platform for the transfer and trading of insurance and reinsurance risks, has become the first to receive an Insurance Marketplace Provider licence in Bermuda. Akinova had previously become the first company to be authorised for an insurance regulatory sandbox licence from the Bermuda Monetary read the full article →

Integral ILS gets investment from New Holland Capital

Integral ILS Ltd., the start-up insurance-linked securities (ILS) fund manager launched by industry execs Richard Lowther and Lixin Zeng, has announced a second cornerstone investor for its new catastrophe reinsurance focused strategy, with long-time ILS investor New Holland Capital making a commitment to the firm. With the new commitment from New read the full article →

Hudson Structured backed SPAC Kairos raised $276m

Kairos Acquisition Corp., the Hudson Structured Capital Management Ltd. backed insurance, reinsurance and insurtech focused Special Purpose Acquisition Company (SPAC), or blank check company, maximised the size of its capital raise, securing $276 million to put towards an acquisition or combination. Back in December we explained that Hudson Structured Capital Management, read the full article →