Collateralized reinsurance

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Arch acquiring tech & third-party capital focused MGU Ventus

Arch Insurance North America, a division of insurance and reinsurance specialist Arch Capital Group, has announced that it will acquire the technology and third-party capital focused managing general underwriter Ventus Risk Management.Regular readers will be familiar with Ventus Risk Management, a company focused on sourcing and underwriting property catastrophe and read the full article →

Leadenhall’s Adolph moves to Bermuda. Flood hired in London

Leadenhall Capital Partners LLP, the London headquartered insurance and reinsurance linked investment manager, said that its Managing Partner and Non-Life Portfolio Manager Ben Adolph is to move to the firm's Bermuda office.At the same time, ILS fund manager Leadenhall said that it has made a new hire in London, to read the full article →

FedNat adds reinsurance to lower second & third event retention

U.S. primary insurance group FedNat Holding Company has boosted its 2019-20 reinsurance program with a new treaty layer that reduces the firms second and third event retention of catastrophe losses.FedNat had renewed its reinsurance for the 2019-20 season at the July renewals, securing a $1.84 billion program and saying that read the full article →

MyLotto24’s Hoplon ILS to take EUR4.8m loss after jackpot win

Following an EUR 26.3 million jackpot prize won by one of its customers in a secondary lottery draw, lottery company MyLotto24 is set to benefit from the jackpot protection it has in place through its Hoplon III Insurance Ltd. insurance-linked securities (ILS) transaction.The EUR 26.3 million jackpot is sufficient to read the full article →

PIMCO sees Allianz relationship as key to ILS potential

As PIMCO (Pacific Investment Management Company LLC) ramps up its new insurance-linked securities (ILS) operations, its executives have highlighted that the relationship with parent company, insurance giant Allianz, is both a key differentiator and key to its ILS potential.PIMCO is the $1.76 trillion asset management arm of insurance and reinsurance read the full article →

ILS NYC 2020 super early bird tickets selling fast

We have now sold more than half of the super early bird ticket allocation for our next insurance-linked securities (ILS) conference in New York, Artemis ILS NYC 2020. 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 →

Eclipse Re issues another $56.6m private cat bond, its fifth of the year

The Eclipse Re Ltd. private catastrophe bond and insurance-linked securities (ILS) issuance vehicle that is managed by Horseshoe Group has completed and listed its fifth private cat bond of the year, a $56.6 million Eclipse Re Ltd. (Series 2019-02A) transaction.In previous years the Eclipse Re Ltd. private cat bond vehicle read the full article →

Everest Re cedes more premiums, fewer losses to Mt. Logan Re

The amount of losses that insurance and reinsurance group Everest Re ceded to its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle have almost halved so far in 2019.Reflecting the continued recovery from the major catastrophe losses of 2017 and 2018, Bermuda headquartered Everest Re has not needed to pass read the full article →

Re/insurers to partner with governments & capital markets on cyber risk: S&P

Given the enormous economic loss potential associated with cyber risks, rating agency Standard & Poor's feels it inevitable that insurance and reinsurance firms will look to both the government and capital markets to help in boosting available cyber risk capacity.In a new report on the reinsurance market's approach to cyber read the full article →

AIG’s investment in AlphaCat ILS funds recovers more value in Q2

The value of the investment stake of American International Group, Inc. (AIG) in the insurance and reinsurance linked fund strategies managed by its AlphaCat Managers ILS unit continued to recover in the second-quarter of 2019.The insurance-linked securities (ILS) operations of AlphaCat Managers, which currently counts $4.1 billion of assets invested read the full article →