casualty ILS

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Ledger places $300m+ of premium into capital markets in 2021

Ledger Investing, the insurance technology (insurtech) and insurance-linked securities (ILS) focused company, said that over the course of 2021 it placed more than $300 million of gross premium directly into the capital markets, as it continued to build out its risk securitization platform. Ledger Investing also said that it sourced capacity read the full article →

Ledger Investing launches Nanorock casualty ILS fund

Ledger Investing has launched its first insurance-linked securities (ILS) fund, a casualty risk focused strategy backed by a single investor, and an ILS management unit, Ledger ILS Managers LLC. While the firm plans a $300 million co-mingled casualty ILS fund strategy as well. Using its own technology platform, a marketplace for read the full article →

Aon to help insurers transfer emerging liability risks to the capital markets

Insurance and reinsurance broker Aon is working in collaboration with Praedicat to develop named peril liability reinsurance products to help insurers transfer emerging liability risks such as those related to nanomaterials and 5G to traditional reinsurers and also the capital markets. The idea is to address product liability risks from new read the full article →

Non-CAT ILS is “well and truly out of the bottle” – MultiStrat

As pressure on reinsurance rates intensifies, alternative capital seeks yield, and appetite broadens beyond the catastrophe space, the adoption of casualty insurance-linked securities (ILS) is poised to accelerate, according to MultiStrat, the specialist underwriter, and reinsurance investment facilitator. The combined effects of rate increases and capacity constraints drive innovation in the read the full article →

MultiStrat acquired by Canopius

Multi-Strat Holdings Ltd., the Bermuda based holding company that underwrites casualty and longer-tailed reinsurance and arranges casualty insurance-linked securities (ILS) transactions, has been acquired by Canopius Group Limited. Canopius, the global specialty insurance and reinsurance group headquartered in London, is making a majority acquisition of MultiStrat, but the MultiStrat brand will read the full article →

MultiStrat completes $205m casualty ILS transaction, its largest to-date

MultiStrat, the specialist underwriter and reinsurance investment facilitator, has completed its largest casualty insurance-linked securities (ILS) transaction to-date, a $205 million casualty ILS deal that it worked alongside investor Vida Capital to complete. The landmark casualty linked securities (CLS) transaction provides reinsurance coverage for certain prospective and retrospective general liability risks. A read the full article →

Diversification needs will drive casualty ILS growth: MultiStrat Advisors CEO

The insurance-linked securities (ILS) market is ripe for expansion in the casualty space and growth is being driven by the diversification and capital deployment needs of ILS fund managers, according to Jim Robinson, the Chief Executive Officer (CEO) of MultiStrat Advisors Inc. After high levels of catastrophe losses in both 2017 read the full article →

Praedicat aims to help ILS enter the casualty space: CEO Reville

Robert Reville, Chief Executive Officer (CEO) of Praedicat, an InsurTech risk modelling and analytics company for casualty re/insurers, has claimed that the company’s approach to disease litigation may create an opportunity for ILS to enter into the casualty space. Praedicat uses scientific literature to model more than 60,000 potential disease litigation read the full article →

RenRe & its Upsilon ILS vehicle potentially exposed to wildfire liability

RenaissanceRe could be on the hook for an enlarged share of losses from the current California wildfire outbreaks given the firm had completed two large wildfire excess casualty deals in the second and third quarters of this year, with its Upsilon vehicle taking some of the risk in the latter read the full article →

RenaissanceRe cedes casualty risk to Upsilon for first time

Bermudian reinsurance firm RenaissanceRe has broadened the scope of its activities within the Upsilon ILS vehicle and funds, utilising it to transfer casualty risks to third-party investors for the first time recently. The Upsilon vehicle and associated ILS fund strategies is focused on both collateralized reinsurance and retrocession, but to date read the full article →