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Hannover Re: $1.5bn of 2018 cat bonds generate low-risk margin for reinsurer

German reinsurance giant Hannover Re said today that the approximately $1.5 billion of catastrophe bonds it has facilitated the issuance of for its clients help to deliver low-risk and attractive margins, while attracting new clients and maintaining existing relationships.Hannover Re has become a key facilitator for the catastrophe bond and read the full article →

Hannover Re grows ILS business, capitalising on investor demand

German reinsurance firm Hannover Re continued to grow its use of the capital markets as retrocessionaire and also source of fee income, by expanding its insurance-linked securities (ILS) activities during 2017, an area of the business it sees as growing while meeting cost-of-capital.Hannover Re has been growing its ILS activities read the full article →

State National continues to grow program fronting business

Fronting and program service insurance specialist State National Companies has again increased the volume of business being underwritten through its Program Services division, as it writes an increasing amount of business for reinsurance capital providers, including no doubt for insurance-linked investment fund manager Nephila Capital.State National’s Program Services sees the read the full article →

Markel sees State National as the perfect conduit of risk to capital

Following the announcement from Markel Corporation that it is to acquire State National Companies for $919 million, Markel executives have discussed the benefits the transaction represents, expecting the takeover to deepen its relationship with alternative capital.The acquisition, which is expected to close in the fourth-quarter of 2017 and remains subject read the full article →

Markel acquiring program & fronting specialist State National for $919m

Markel Corporation is set to acquire fronting and program service insurance specialist State National Companies, after the pair just announced an agreement that will see Markel acquiring all of the outstanding shares of State National for a total transaction value of approximately $919 million.State National has grown its business into read the full article →

Hannover Re sees low risk attractive margins from ILS business

Reinsurance firm Hannover Re has continued to expand its activities in the insurance-linked securities (ILS) transformer space, fronting and working with both existing and new clients in recent months, to secure what the company sees as a source of low risk and attractive margins.Major reinsurers increasingly find they can work read the full article →

State National program fronting income rises in Q1 2017

Fronting and program service insurance specialist State National Companies, which provides fronting and program services to insurance-linked investment fund manager Nephila Capital, has again grown its income from fees earned as program premiums increased in the first-quarter of 2017.State National's Program Services unit has been steadily growing its business and read the full article →

Nephila’s Lloyd’s syndicate picks up State National program risks

Nephila Capital's syndicate 2357 at Lloyd's of London began to pick up risks through the State National program business arrangement in 2016, as the largest manager of reinsurance linked assets switched away from one of its collateralised vehicles as the program grew.Before 2016, the world’s largest insurance-linked securities (ILS) fund read the full article →

Hannover Re generates “attractive margins” from ILS & collateralised

Global reinsurance firm Hannover Re continued to generate revenues from its activities in the insurance-linked securities (ILS) and collateralised reinsurance market, as its premium volume from that business remained relatively stable in 2016.Hannover Re reports that it generated "attractive margins" from facilitating ILS and collateralised reinsurance in 2016, with its read the full article →

ILS fronting specialist State National grows program services in 2016

Specialist primary insurer State National Companies, which provides fronting and program services to the world’s largest insurance-linked securities (ILS) fund manager, Nephila Capital, saw revenues from its Program Services unit increase by 7.9% in 2016.For the full-year 2016 the firm reported that its Program Services unit recorded revenue of $73.3 read the full article →