Collateralized reinsurance news

Vesttoo, the technology company that uses proprietary artificial intelligence and machine learning solutions with the goal of helping companies assess and transfer risks to the capital markets, has raised a $6 million Series A round of funding, adding Hanaco Ventures to its list of backers.

Climate change is running away from us, is the stark warning from the Intergovernmental Panel on Climate Change ‘s (IPCC) Report, which was published today.

American International Group (AIG) has continued to evolve its reinsurance business, both on an outwards and inwards basis, as the insurance giant secured new reinsurance protection at the middle of the year, while its ILS specialist unit AlphaCat has helped it lower its exposure to Florida property catastrophe risks, according to President and CEO Peter […]

TransRe, the reinsurance underwriting brand of the Alleghany Corporation, has reported a much improved quarter for its property reinsurance business, as a more benign catastrophe claims environment helped to drive a profitable period.

The return of catastrophe bond and insurance-linked securities (ILS) funds appear widely dispersed after the first-half of the year, as ILS Advisers reported a range of -5.1% to as high as +8%.

The environmental, social and governance (ESG) credentials of the insurance-linked securities (ILS) market have become a key driver for issuance activity, according to John Seo of Fermat Capital Management, LLC.

Insurance holding company W. R. Berkley Corporation is making good use of its first collateralized reinsurance sidecar, now having ceded $139 million of property and casualty reinsurance premiums from across its business to the structure in its first year.

In June and July we understand that loss creep related factors have continued to affect some insurance-linked securities (ILS) funds, particularly those focused on private collateralised reinsurance deals, as uncertainty persists over potential impacts from the COVID-19 pandemic and prior year catastrophe losses begin to crystalise.

Senior executives of specialty insurance and reinsurance player Brit Ltd. said this morning that the company is benefiting from having expanded its third-party capital assets in 2021, resulting in higher fee income being earned as well.

Randall & Quilter (R&Q) Investment Holdings, the specialist non-life insurance and reinsurance legacy investor and program manager, is proceeding with plans for a collateralised legacy P&C risk sidecar vehicle, marketing an up to $500 million structure to investors, Artemis has learned.