Collateralized reinsurance

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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 →

New collateralised insurer class to add ILS fund diversification: Demerling, Walkers

The introduction of a new class of insurer in Bermuda, “Collateralised Insurers”, is expected to be beneficial to both insurance-linked securities (ILS) funds’ and their investors, according to Sarah Demerling, Partner at law firm Walkers.Proposed earlier this year via a consultation paper from the Bermuda Monetary Authority (BMA), the provision read the full article →

AJG’s Artex to acquire Horseshoe, creating predominant ILS service firm

Artex Risk Solutions is set to acquire Horseshoe, the Bermuda-headquartered specialist ILS, insurance or reinsurance management and fund administration, servicing, and risk transformation specialist, creating a dominant ILS service firm that will operate under the Horseshoe brand.Of course the pair do much more than just service insurance-linked securities (ILS) transactions, read the full article →

Acquisition of Merion Square’s JV partner Vida Capital completes

The acquisition of Vida Capital, Inc., the alternative investment manager and joint-venture partner in insurance-linked securities (ILS) asset manager Merion Square Capital LLC, has now been completed.Vida Capital, an alternative asset manager focused on non-correlating investment classes including life settlements and now property and casualty reinsurance through its joint-venture with read the full article →

Pioneer ILS Interval fund shrinks again, but gap between cost & value narrows

Amundi Pioneer Investment Management’s dedicated insurance-linked securities (ILS) mutual investment fund strategy, the Pioneer ILS Interval Fund, saw its net assets shrink by over 6% in the last quarter of record, but encouragingly the gap between the cost of its investments and their value narrowed again.The Pioneer ILS Interval Fund read the full article →

TransRe cautious & selective on fronting for ILS or third-party capital

TransRe, the Alleghany owned reinsurance brand name for Transatlantic Holdings, is approaching opportunities to provide fronting services for insurance-linked securities (ILS) or third-party capital providers with caution and opting to be selective about those it works with.Options in the world of fronting for ILS funds and capital providers shrank when read the full article →

Hyperion adds capital markets expertise with Shumway hire

Hyperion Insurance Group, the global insurance and reinsurance broking, advisory and underwriting company, has hired Mark Shumway, an executive with capital markets and ILS advisory expertise, to its Hyperion X unit.Hyperion has been steadily adding reinsurance and capital markets expertise, with broking capabilities now ranging across traditional and collateralised markets, read the full article →

Allianz AGCS promotes Kang to Global Head Reinsurance. Arbogast to retire

Allianz Global Corporate & Specialty (AGCS) has announced the promotion of Hyeji Kang as its new Global Head of Reinsurance and Catastrophe Risk Management as incumbent Bernhard Arbogast is set to retire.Arbogast, who is also Chief Portfolio Officer of Allianz Risk Transfer AG, the unit of the insurance and reinsurance read the full article →