Casualty insurance-linked securities news

Ledger Investing, the growing insurance technology (insurtech) and insurance-linked securities (ILS) focused company, has made a trio of senior business development hires, with each having specific expertise gained in areas of insurance, reinsurance, risk and capital markets.

Ledger Investing, the insurance technology (insurtech) and insurance-linked securities (ILS) focused company, has completed its first secondary trade of a casualty insurance-linked securitization (ILS) instrument, with two investors leveraging its software stack to gain sufficient insights into the ILS trade to price the deal and complete the transaction.

Ledger Investing, the insurance technology (insurtech) and insurance-linked securities (ILS) focused company, has made another more senior hire, adding a new Director of Capital Markets, hired from a specialist alternative asset manager.

The base of insurance-linked securities (ILS) investors that are interested in casualty, or longer-tailed P&C reinsurance risks, is expanding, according to rating agency AM Best, who noted increasing interest in the non-catastrophe segment of the ILS market.

Fleming Insurance Holdings and Altamont Capital Partners expect cedents to embrace their flexible, proprietary Planned Loss Portfolio Transfer (LPT) solution as it looks to capitalise on the big opportunity that is the casualty insurance-linked securities (ILS) market.

Ledger Investing, the insurance technology (insurtech) and insurance-linked securities (ILS) focused company, has appointed its first Chief Actuary, taking Anand Khare from insurer Chubb.

The new Lloyd’s sponsored protected cell company that was announced last week, London Bridge 2 PCC Ltd, represents “an efficient mechanism” for both existing and new investors to access risk from the Lloyd’s market, according to Clifford Chance.

The announcement today of a new insurance-linked securities (ILS) structure for the Lloyd’s of London insurance and reinsurance market brings much greater flexibility to the way Lloyd’s participants can access the capital markets and investors access risk from underwriters in the market.

Lloyd’s of London will today announce a significant expansion of its London Bridge insurance-linked securities (ILS) platform, with a plan to welcome more capital, new types of reinsurance transactions and make the transfer of different kinds of risks to capital market investors simpler.

Fleming Insurance Holdings, a property and casualty prospective and retrospective capital solutions provider, has hired former Point72 executive Samir Khare as Head of Casualty ILS Solutions, as the firm looks to the capital markets to securitize insurance risk.