capital markets

Ledger Investing, the insurance technology (insurtech) and insurance-linked securities (ILS) focused company, has added a new executive with significant fundraising and investor relations expertise.

The first session of the day at our Artemis ILS NYC 2023 conference, held in New York on February 10th 2023, featured industry leaders discussing the catastrophe bond market and their expectations around its future potential.

Bermuda-based insurer and reinsurer Aspen’s use of third-party capital is a key, strategic focus for the firm and will remain so going forward, according to Philip Hough, Global Head of Property Reinsurance at Aspen Re.

White Rock Insurance (SAC) Ltd. has issued a sixth transaction in the Japanese Asagao private parametric earthquake catastrophe bond series, with a smaller that typical $4.6 million Asagao VI transaction coming to light.

Reinsurance broker Gallagher Re has made a senior hire to its capital markets focused unit Gallagher Securities, with Bart Zanelli set to join the firm as an Executive Vice President within the North American team.

Insurance-linked securities (ILS) funds delivered another strong month of performance in February 2023, with every ILS fund represented in the Eurekahedge ILS Advisers Index reporting positive returns for the month, but with catastrophe bond funds leading the way.

Alternative reinsurance capital, so the capacity deployed through insurance-linked securities (ILS) structures including catastrophe bonds, has experienced a return to growth in the second-half of 2022, ending the year 2% up at $96 billion, while traditional reinsurance capital shrank 14%, according to data from Gallagher Re.

DeNexus, a specialist provider of cyber risk quantification tools and software, has updated its main cyber risk modelling platform, saying that it aims to give greater confidence to both reinsurance and insurance-linked securities (ILS) markets when it comes to understanding cyber risks.

Mosaic, the global specialty insurer founded by Mitch Blaser and Mark Wheeler, is developing an alternative capital strategy, and has appointed its first Capital Solutions Officer to lead that charge.

Insurance and reinsurance linked investment manager Nephila Capital saw its specialty lines focused Syndicate 2358 at Lloyd’s deliver a profit in its first year of trading, with an 88.3% combined ratio.