Collateralized reinsurance

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Florida Citizens aims to continue its depopulation

Florida’s Citizens Property Insurance Corporation has shrunk its exposure significantly in recent years, thanks to a gradual privatisation of its risk through its policy depopulation program.Now, Florida Citizens wants to decrease its exposure even further, with a resumption of depopulation a possible route to gaining further private market participation in read the full article →

ILS NYC 2020: Horseshoe & Schroder Secquaero speakers join

With less than two months to go until our next insurance-linked securities (ILS) conference in New York, Artemis ILS NYC 2020, we have some more speakers to announce. Please register soon to secure your ticket at the best possible price.We’re holding our fourth annual insurance-linked securities (ILS) conference held in read the full article →

Hong Kong’s Carrie Lam reaffirms intentions on ILS & cat bonds

Hong Kong is still aiming to establish itself as a local market hub for insurance-linked securities (ILS) and catastrophe bond business, with its key focus to help Chinese mainland insurance or reinsurance companies access the capital markets.Hong Kong is uniquely placed to act almost as a type of transformer for read the full article →

Education seen as barrier to public sector partnerships for ILS

“Collaboration and education” remain the key challenges when it comes to partnerships between the insurance-linked securities (ILS) market and public sector organisations, according to industry executives.Speaking at the recent ILS Bermuda Beyond Convergence event in London, experts explained that the industry has made a lot of progress in working with read the full article →

Leadenhall invests in health insurer Friday Health Plans

Leadenhall Capital Partners LLP, the London headquartered specialist insurance linked securities (ILS) and reinsurance related investments manager, has participated in a funding round for a health insurance start-up in Colorado named Friday Health Plans.Friday Health Plans is a Denver, Colorado-based health insurance holding company that largely underwrites individual and read the full article →

TWIA budgets for $1.88bn of reinsurance in 2020, at higher rates

The Texas Windstorm Insurance Association (TWIA) is budgeting that it will require $1.88 billion of reinsurance limit in 2020, which will be split across its traditional property catastrophe reinsurance and catastrophe bond, but at higher rates as the insurer anticipates paying more for its 2020 renewal.This year, TWIA secured a read the full article →

Brit’s new Lloyd’s ILS fund is in Bermuda & will feature longer-tailed risks

Demonstrating how challenging it can be to bring third-party capital into the Lloyd's insurance and reinsurance market, Brit's newly launched insurance-linked securities (ILS) fund strategy takes a roundabout route to connect the capacity with the returns of its underwriting in the market.Brit announced the launch of its Sussex Specialty Insurance read the full article →

How much does it cost to secure a future for Lloyd’s? £300m+ it seems

How much does it cost to strategise, design and implement a healthy and sustainable future for the Lloyd's of London insurance and reinsurance market? UK £300 million, at least, it seems.Lloyd's has announced that it has secured £300 million of debt to cover the near and medium-term cash requirements of read the full article →

SunTrust and BB&T (both ILS trust providers) merge to form Truist

There is a new reinsurance and insurance-linked securities (ILS) collateral trust provider in town, after Truist Financial Corporation was formed after a merger of equals between SunTrust and BB&T.Both SunTrust Bank and BB&T are large banking groups with operations across personal and commercial customers.The pair both had specialist areas that read the full article →

Brit launches Lloyd’s focused ILS fund, Sussex Specialty Insurance Fund

Specialty insurance and reinsurance firm Brit Ltd. has launched a new insurance-linked securities (ILS) fund strategy designed to allow investors direct access to the returns of its Lloyd's underwriting business.The company calls the Sussex Specialty Insurance Fund the first ILS structure of its kind to offer investors access to the read the full article →