Casualty insurance-linked securities news

Moody’s Corporation has taken a significant step to expand its risk analytics capabilities for the global insurance, reinsurance and insurance-linked securities (ILS) industry, acquiring Praedicat, a specialist in casualty and liability risk modelling.

Ledger ILS Services Ltd. the recently formed provider of underwriting and risk management services launched by casualty insurance-linked securities (ILS) marketplace and insurtech company Ledger Investing, has hired former Peak Re executive Wang Xu to lead its new Cayman Islands casualty ILS platform.

Speaking with Artemis after the completion of Ambac Financial Group’s acquisition of a 60% stake in Beat Capital Partners, executives John Cavanagh and Naveen Anand told us that third-party capital in general and the ILS market are seen as key capacity for the group going forwards.

There are an increasing number of insurance-linked securities (ILS) and collateralized reinsurance formations in Bermuda that have a focus on areas of the property and casualty (P&C) market outside of natural catastrophe risks, Damian Sealy of PwC Bermuda explained in a recent video interview.

Providing a strong signal for the future potential of the casualty insurance-linked securities (ILS) marketplace, insurtech and casualty ILS company Ledger Investing has entered into an agreement with leading ILS investment manager Fermat Capital Management, who will now manage the casualty ILS funds Ledger had created.

AXIS Capital, the Bermuda based specialty insurance and reinsurance company, has continued to recognise higher fee income from its work with third-party investors in the second-quarter of 2024, with more fees earned through risk-sharing relationships with so-called strategic capital partners.

Ledger Investing, the insurance technology (insurtech) and insurance-linked securities (ILS) focused company, has added a new senior hire, taking experienced ceded reinsurance executive and leader Amy Stern from data-driven insurer Pie, to fill the new role of Chief Executive, Reinsurance.

AXIS Capital, the Bermuda based specialty insurance and reinsurance company, recognised higher fee income from its work with third-party investors, or so-called strategic capital partners, during the first-quarter of 2024, with higher premiums ceded to partners as well.

Insurer and reinsurer Aspen Insurance Holdings Limited, and asset manager PIMCO, have announced the launch of Pando Re Ltd., a Bermuda-based, casualty focused collateralised re/insurer that act as a reinsurance sidecar and help to drive growth of third-party capital and fee income for Aspen Capital Markets.

MultiStrat, a specialist underwriter, and reinsurance investment facilitator with a focus on helping investors access returns from casualty risks through insurance-linked securities (ILS) arrangements has deployed $1.75 billion of investor capital through its deals so far and is targeting further “significant growth” this year.