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Pillar Capital ILS fund income recovers in 2019 for Alleghany

Income earned from its stake in specialist insurance and reinsurance linked ILS asset manager Pillar Capital and its funds has risen significantly in 2019, as catastrophe loss activity clearly had less of an impact during the year. Having reported an investment loss of -$1.7. million for 2017 and an even more read the full article →

Pillar Capital lifts ILS assets managed 68% over 2019 to reach $1.73bn

Pillar Capital Management Limited, a Bermuda headquartered specialist collateralized reinsurance and insurance-linked securities (ILS) investment manager, has achieved impressive growth in assets under management over the last year. Pillar Capital, which was originally founded back in 2008 as Juniperus Capital, but rebranded to Pillar in 2012, the same year that Transatlantic read the full article →

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 →

Michael Halsband joins McDermott Will & Emery as Partner

Experienced insurance-linked securities (ILS), insurtech and reinsurance convergence focused executive and lawyer Michael Halsband has moved firm to join McDermott Will & Emery as a Partner in its New York practice. Halsband has worked across various areas of law, reinsurance and capital markets or ILS during his career, including most recently read the full article →

Pillar Capital ILS related income continues to rebound for Alleghany

Financial services insurance and reinsurance group Alleghany Corporation has reported a continuation of the rebound in income earned from its stake and investments in specialist insurance and reinsurance linked ILS asset manager Pillar Capital and its funds. Insurance-linked securities (ILS) fund manager Pillar Capital was, as you'd expect, hit by the read the full article →

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 →