capital markets

AXIS ILS, the insurance-linked securities and third-party reinsurance capital arm of global specialty player AXIS Capital, has announced the hire of former Securis Investment Partners executive Patrick Witteveen, who joins the unit as Head of AXIS ILS Business Development.

Conditions in the catastrophe bond market look positive still in 2021, as year-end fast approaches, with both the pipeline for new cat bond issuance and the capital flows to cat bond fund managers healthy, signalling a favourable bond market environment, according to Aon.

Insurance-linked securities (ILS) related fee income and profit shares can become a “significant contributor” to the earnings of insurance and reinsurance firms that manage third-party capital, according to rating agency Moody’s.

Radian Group has now successfully secured another roughly $484 million of collateralized mortgage reinsurance for its Radian Guaranty subsidiary with the completion of its latest Eagle Re 2021-2 Ltd. issuance of mortgage insurance-linked securities (ILS).

The London Bridge Risk PCC insurance-linked securities (ILS) structure that enables quota share access to the Lloyd’s insurance and reinsurance market for third-party investors helps to “simplify” investment structures for the first backer of a deal, Ontario Teachers’ Pension Plan (OTPP).

After another year of significant catastrophe loss activity, relative performance is set to be the important measure amongst ILS managers, and for 2022, Securis Investment Partners sees an opportunity to target retrocession, which it believes is ripe for reimagining.

After raising its insurance-linked securities (ILS) assets under management (AuM) by roughly 16% in the first eight months of this year, SCOR Investment Partners (SCOR IP) continues to see attractive opportunities across the sector, according to Sidney Rostan, Head of ILS, SCOR IP.

Kettle, the reinsurance focused deep-learning and artificial intelligence (AI) insurtech, has made another key hire, taking Amit Shah from Ariel Re as its new Chief Distribution Officer.

Tremor Technologies, the insurtech with a technology-based programmatic insurance and reinsurance risk transfer marketplace, believes the reinsurance market will be unrecognisable a few years from now, as participants move towards trading more efficiently with the help of its software.

PartnerRe, the Bermuda headquartered reinsurance company that is currently EXOR owned, but subject of a sale to Covea Group, has managed to report a positive technical result across its non-life business despite significant losses from hurricane Ida and the European flooding.