casualty insurance-linked securities

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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 →

The capital markets as a wholesale risk trading market: Millette, Hudson Structured

The entry of the capital markets into reinsurance through the catastrophe bond instrument was a sign of the global capital markets becoming a wholesale risk trading market, according to Michael Millette, Managing Partner of Hudson Structured Capital Management Ltd.Speaking on a panel in Bermuda yesterday, at the ILS Bermuda Convergence read the full article →

AIR & RenRe collaborate on probabilistic casualty risk model

AIR Worldwide and Bermudian reinsurance firm RenaissanceRe are collaborating on the development of what they call the industry's first probabilistic casualty catastrophe risk model, which the pair say will enhance the industry's modeling of long-tail casualty risk.AIR's parent Verisk Analytics announced the acquisition of Arium, an independent company focused on read the full article →

Casualty linked securities gain traction for MultiStrat

MultiStrat continues to close new casualty linked securities (CLS) transactions, with another deal announced this week taking the total capital invested in these unique casualty ILS deals to $60 million, covering estimated premiums of $230 million.MultiStrat's latest casualty linked security (CLS) deal features high-frequency low-severity casualty insurance or reinsurance business, read the full article →

Praedicat raises $6m for casualty cat model development

Praedicat, a leading casualty catastrophe risk modelling company, has secured a $6 million Series AA round of investment, from sources including existing investor catastrophe risk modelling specialist Risk Management Solutions, Inc. (RMS) and Jacques Dubois.Praedicat hopes the investment will accelerate its growth, by funding the development of its latency casualty read the full article →

Future of casualty linked securities is “very bright,” Robinson, CEO, MultiStrat Advisors

In an interview with Artemis, Jim Robinson of MultiStrat Advisors Inc. recently discussed the novel casualty insurance-linked securities (ILS) transaction the firm arranged for HSCM Bermuda, the ILS, reinsurance and transportation finance investment firm established by ex-Goldman Sachs structured finance head Michael Millette.Jim Robinson is the Chief Executive Officer (CEO) read the full article →

Hudson Structured & MultiStrat complete novel casualty ILS transaction

Insurance and reinsurance specialist investment manager Hudson Structured Capital Management is allocating to a novel third-party liability, or casualty risk, transaction that has been arranged by MultiStrat Advisors Ltd., enabling it to access the returns of workers' compensation insurance risks.The underlying transaction sees $35.3 million of seasoned workers’ compensation liabilities read the full article →