convergence

For the first quarter in a while the profit contribution made by insurance and reinsurance linked specialist asset manager Pillar Capital to Alleghany Corporation declined year on year, with Q2 seeing just $1m booked.

Year-on-year, insurance and reinsurance holding company Alleghany Corporation saw an increased Q1 profit contribution from its investment and strategic partnership in insurance and reinsurance linked specialist ILS asset manager Pillar Capital.

ILS Bermuda Ltd. has announced that the date has been set for its 2015 event to promote Bermuda’s economic development as a centre of excellence for activities in the reinsurance convergence and insurance-linked securities (ILS) market.

The contribution that an investment and strategic partnership in insurance and reinsurance-linked specialist ILS asset manager Pillar Capital provided to re/insurance holding company Alleghany Corporation’s results slowed in the second-half of 2014.

The Lloyd’s of London insurance and reinsurance market announced its half-yearly results today and reported improved profits, but a decline in gross written premiums, as the world’s oldest re/insurance market navigates the challenging environment.

Leading insurance-linked securities (ILS) and reinsurance executives forecast continued growth for the ILS and reinsurance convergence sector, with more investment from the capital markets expected and the eventual transfer of risk across exchanges.

On the 12th of May 1999 a website was launched in front of an audience of reinsurance and investment executives in Bermuda. The goal, to provide a platform for a reinsurance market niche, facilitating education, information provision and transparency in what was at the time a relatively opaque market.

The contribution made to insurance and reinsurance holding company Alleghany Corporation’s results by its investment and strategic partnership in insurance and reinsurance-linked ILS investment manager Pillar Capital has grown year on year.

Efforts to shrink Florida’s Citizens Property Insurance continue to see the property insurer of last resorts homeowner policy base moving back into the private insurance market and the next step could be to depopulate commercial policies as well.

Alleghany Corporation, the insurance and reinsurance holding company, is building out its capabilities in alternative reinsurance capital and insurance-linked securities with the help of its subsidiary TransRe and its investment in an alternative asset manager.