Collateralized reinsurance

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Nephila: Rebranded, 200+ people, almost 22 in age, but still the same

Nephila Capital has undergone its first full rebrand in its near 22 year history, as the largest manager of catastrophe, weather and climate insurance and reinsurance assets sets itself up for the future.Nephila Capital was launched in 1998 by its founders Frank Majors and Greg Hagood.Initially a part of insurance read the full article →

Horseshoe + Artex to create “ILS center of excellence” – CEO Perez

The combining of Horseshoe Insurance Services Holdings Ltd. and Artex Risk Solutions operations positions them to create an "ILS center of excellence" according to Horseshoe CEO Andre Perez.As we recently reported, Artex Risk Solutions is set to acquire Horseshoe, the Bermuda-headquartered specialist ILS, insurance or reinsurance manager and fund administrator, read the full article →

Estera introduces legal services in Bermuda and the Cayman Islands

Estera, a global provider of corporate, fund and trust services including to reinsurance and insurance-linked securities (ILS) markets, is branching out to add legal services to its offering from key locations Bermuda and the Cayman Islands.Estera is a global provider of funds, corporate administration and trust services and an active read the full article →

Montgomerie & Vaughan leave CATCo to launch Chard Re, with Markel backing

Rick Montgomerie and Charlie Vaughan are to depart from Markel CATCo and will set up a new specialist reinsurance focused ILS fund manager and investment strategy under Chard Re Investment Management.Markel Corporation is set to be a seed investor and take a "meaningful" stake in Chard Re, the company said, read the full article →

AXIS says Q3 cat losses up to $175m, much higher than analyst estimates

AXIS Capital Holdings Limited has announced a preliminary estimate that its third-quarter 2019 catastrophe losses from events including hurricane Dorian and Japanese typhoons will total from $150 million to as much as $175 million, net of recoveries from reinsurance and retrocession.This is significantly higher than analysts had been expecting, with read the full article →

Most ILS allocators expect returns of up to 5%, but 33% expect 10%+

The majority of institutional investors allocating to the insurance-linked securities (ILS) asset class are only expecting returns of up to 5%, confirming that for many, such as pension funds, ILS and reinsurance allocations are not an area where too much risk is being sought to add to portfoliosHowever, a significant read the full article →

Dorian dents August ILS fund returns, shows reserving policies vary

As expected, the mark-to-market impacts to catastrophe bond valuations right at the end of August caused by hurricane Dorian has driven the overall average return of insurance-linked securities (ILS), cat bond and collateralized reinsurance funds for August much lower.With one ILS fund still to report, having delayed its August returns read the full article →

Arch reports higher than expected Q3 cat losses of up to $75m

Arch Capital Group, the Bermuda headquartered insurance and reinsurance specialist, has estimated that it will suffer between $65 million to as much as $75 million of losses from catastrophe events in the third-quarter, a level higher than analysts had expected to see.Arch Capital said that its losses will largely come read the full article →

ILS allocation sweet spot still seen as up to 5% of assets

There's always been a lot of discussion about just how much of their capital an institutional investor like a pension fund should allocate to an asset class like insurance-linked securities (ILS), but research from asset manager Schroders suggests that up to 5% remains the sweet spot.Global asset management group Schroders, read the full article →

ILS funds delivering strong returns during seasonal peak

Insurance-linked securities (ILS) funds are generally delivering strong returns to their investors so far during the seasonal peak of premium allocation, when the risk-linked return contribution tends to be at its highest.We've become aware from sources that a reasonable number of private ILS funds and funds focused on collateralised reinsurance read the full article →