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2018 catastrophes hit Alleghany’s income from ILS manager Pillar Capital

Financial services insurance and reinsurance group Alleghany Corporation reported a negative investment income hit from its equity investments in specialist insurance and reinsurance linked ILS asset manager Pillar Capital and its funds for 2018.In fact the 2018 catastrophe losses appear to have hit the investment harder than those in 2017, read the full article →

Alleghany’s Pillar Capital income dented again by 2017 catastrophes

Financial services insurance and reinsurance group Alleghany Corporation has continued to experience negative impacts from the 2017 hurricanes and catastrophe events through its equity investments in specialist insurance and reinsurance linked ILS asset manager Pillar Capital and its funds.Alleghany Corporation and its reinsurance entity TransRe have an ownership stake and read the full article →

Pillar Capital catastrophe losses evident in Alleghany results

Catastrophe losses suffered from third-quarter hurricanes Harvey, Irma and Maria by specialist insurance and reinsurance linked ILS asset manager Pillar Capital are evident in the results of its stakeholder financial services group Alleghany Corporation.Alleghany Corporation and its reinsurance firm TransRe have an ownership stake and investments in specialist ILS manager read the full article →

Pillar Capital contribution to Alleghany drops in Q2

Specialist insurance and reinsurance linked ILS asset manager Pillar Capital delivered slightly lower income to its stakeholder financial services group Alleghany Corporation during the second-quarter of the year, possibly a reflection of the lower available returns in reinsurance due to the softened market.Each quarter Alleghany Corporation reports how much it read the full article →

Pillar Capital contribution to Alleghany result rises in Q1 2017

Insurance, reinsurance and financial services group Alleghany Corporation and its reinsurer TransRe’s ownership stake and investment in specialist ILS manager Pillar Capital and its ILS funds delivered an increased contribution to its quarterly results in Q1 2017.Alleghany reported that its net investment income earned through its equity stake in the read the full article →

Pillar Capital investment value up for Alleghany in Q4, but return drops

The carrying value of insurance, reinsurance and financial services group Alleghany Corporation and its reinsurer TransRe’s ownership stake and investments in specialist ILS manager Pillar Capital and its ILS funds increased in the last quarter of the year.The value of Alleghany and reinsurance subsidiary TransRe’s investments in ILS manager Pillar read the full article →

Michael Halsband elected Partner at Drinker Biddle

Law firm Drinker Biddle & Reath LLP has elected insurance-linked securities (ILS) and capital market / reinsurance convergence focused executive Michael Halsband to a partner position at the firm.Halsband joined Drinker Biddle in 2015, taking a position in the firm’s Insurance Transactional and Regulatory Team.Halsband had worked in the legal read the full article →

Convergence capital now 18% of reinsurance capacity: A.M. Best

International ratings agency A.M. Best has highlighted the continued growth of the convergence space, stating that of the estimated $420 billion of dedicated reinsurance capacity at the end of 2016, $75 billion is from the convergence space.The alternative reinsurance capital, insurance-linked securities (ILS), or convergence space continues to expand its read the full article →

Value of Alleghany’s investment in ILS manager Pillar Capital rises again

The value of insurance, reinsurance and financial services group Alleghany Corporation and its reinsurer TransRe's investments in specialist ILS manager Pillar Capital's ILS funds increased during the third-quarter, while at the same time positive income continued to flow from the ILS operations.Net investment income reported by Alleghany from its equity read the full article →

Pillar Capital investment income ramps up in Q2 2016 for Alleghany

The amount of investment income recorded from insurance, reinsurance and financial services group Alleghany Corporation's equity stake in the results of specialist ILS manager Pillar Capital ramped up again in the second-quarter of 2016.Following a decline in the profit contribution reported by Alleghany in the first-quarter, from its investment and read the full article →