incorporated cell company
Asagao parametric Japan quake cat bond renewal issued by Aon’s White Rock
A third Asagao private catastrophe bond transaction, a roughly $18.3 million Asagao III – White Rock Insurance (SAC) Ltd., has been issued by insurance and reinsurance broker Aon’s Bermuda domiciled Class 3 and Class C insurer and segregated accounts company White Rock Insurance (SAC) Ltd. The issuance appears to be a read the full article →
Bermuda’s new ISAC an all-in-one underwriting & ILS fund structure
New Incorporated Segregated Accounts Companies (ISAC) available under Bermuda law and regulation, will enable insurance-linked securities (ILS) managers, or investors, to operate both underwriting and investment fund activities within a single company structure. Now, this is a structure that has been talked about numerous times in the insurance-linked securities (ILS) market, read the full article →
$18.3m Asagao II private cat bond issued by Aon’s White Rock
A new approximately $18.3 million Asagao II Japanese private catastrophe bond transaction has come to market using the Aon Insurance Managers operated segregated accounts company White Rock Insurance SAC. The transaction is the second Asagao private catastrophe bond to be issued using insurance and reinsurance broker Aon’s Bermuda domiciled Class 3 read the full article →
$70m Asagao parametric JP quake cat bond issued by Aon’s White Rock
A $70 million parametric Japanese earthquake private insurance-linked securities (ILS) transaction has been issued using Aon Insurance Managers segregated accounts company White Rock. This Asagao transaction has been issued by the Aon owned and operated Bermuda domiciled Class 3 and Class C insurer and segregated accounts company White Rock Insurance (SAC) read the full article →
Aon’s White Rock protected cell facility adds seventh domicile with D.C.
Insurance and reinsurance broker Aon has further expanded the reach of the protected cell facilities it offers through Aon Insurance Managers under the White Rock Group branding, adding the District of Columbia, U.S. as a seventh domicile location for the vehicle. Aon Insurance Managers has been steadily growing the usage of read the full article →
Aon’s White Rock protected cell facility continues to experience growth
Insurance and reinsurance broker Aon's protected cell facilities under the White Rock Group brand continue to experience growth in terms of clients and cells established, with insurance-linked securities (ILS) and collateralised reinsurance a key driver. Aon's White Rock Group, which was the first protected cell facility to emerge and gain significant read the full article →
ILS dominates new re/insurance business for Guernsey in 2015
Insurance-linked securities (ILS) and collateralised reinsurance business dominated new business generated through vehicles registered during 2015 in Guernsey, as the domicile continued to prove an attractive location for ILS transactions to be completed in. Guernsey Finance reported that of the range of business underwritten by new insurance and reinsurance vehicles registered read the full article →
Collateralised reinsurance, ILS, longevity cells registered in Guernsey
First-half 2015 insurance and reinsurance company registrations in Guernsey show that the domicile continues to have success in attracting collateralised reinsurance, ILS and longevity risk transfer related protected and incorporated cell business. The latest figures from the Guernsey Financial Services Commission (GFSC) show that the domicile licensed 45 new international insurers read the full article →
Guernsey ILS PCC specialists Robus & Hexagon add new directors
Robus, the Guernsey based independent insurance manager and owner of the Hexagon PCC which works with ILS managers and investors to facilitate protected cells for collateralized reinsurance deals, has added two new directors to its team. The two have been appointed to help Robus and its protected cell company operations Hexagon read the full article →
45% of business from new re/insurers in Guernsey was ILS in 2014
Of 85 insurance and reinsurance vehicles licensed in Guernsey during 2014, 45% of the business underwritten during the year was insurance-linked securities (ILS) related, demonstrating the domiciles attractiveness for ILS transactions. The 85 new international insurance and reinsurance entities licensed in 2014 by the Guernsey Financial Services Commission (GFSC) consists of read the full article →
