Insurance-linked investments

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Knipe launches life focused Kilter Finance, KKR commits up to $500m

Kilter Finance has been formally launched today by its founder Dan Knipe, a well-known figure in the life insurance-linked securities and investments marketplace.Knipe was most recently the Deputy Chief Investment Officer at specialist insurance-linked securities (ILS) manager Leadenhall Capital Partners LLP where he managed the life and mortality linked investment read the full article →

Credit Suisse ILS backed Arcus Syndicate 1856 targets 2020 expansion

Arcus Syndicate 1856 at Lloyd’s, which is backed by third-party funds under the management of the Credit Suisse Insurance Linked Strategies team, is targeting an expansion of business across most of the underwriting classes it operates in for 2020.In reporting its 2019 results, the Arcus 1856 team revealed that a read the full article →

Nephila’s Syndicate 2357 lifts capacity target for 2020 to $554m

Nephila Capital, the largest insurance and reinsurance linked investment manager in the market, has again slightly lifted its stamp capacity target for the coming year to $554 million for 2020 for its syndicate at Lloyd's.In 2019, Nephila's syndicate suffered a loss of of almost $84.4 million, which was around 50% read the full article →

Covid-19 macro-economic hit the main property reinsurance driver: Aon

For the property reinsurance marketplace, the impacts of the Covid-19 coronavirus pandemic are expected to be largely driven by macro-economic factors, although some specific contracts could be at-risk of legislative efforts around inclusions, according to Aon.In a client briefing seen by Artemis, Aon explains that property reinsurance contracts would be read the full article →

Covid-19 expected to slow mortgage ILS issuance, say analysts

The rapid growth of mortgage insurance-linked securities (ILS) issuance witnessed over the past five years is expected to slow as a result of uncertainty caused by the Covid-19 coronavirus pandemic, according to analysts at Credit Suisse.Since the introduction of the first deal in 2015, the $298.89 million Bellemeade Re Ltd. read the full article →

ILS & cat bonds “most defensive asset class” for investors: Twelve Capital

Insurance-linked securities (ILS) and catastrophe bonds investments are well placed to weather the current Covid-19 coronavirus pandemic situation, according to specialist reinsurance asset manager Twelve Capital.The insurance and reinsurance market has a strong track record of coping with highly distressed market environments, Twelve Capital says.As a result, it believes that read the full article →

Covid-19 volatility & losses could drive reinsurance hardening: S&P

The capital buffers of some of the largest reinsurance companies have been significantly shrunken by the financial market declines seen in the last few weeks because of the Covid-19 coronavirus outbreak, potentially reducing their ability to weather any major catastrophe events that occur.With stock markets around the globe generally down read the full article →

Obsidian launches as fronting conduit to reinsurance & alternative capital

Obsidian Insurance Holdings, Inc., has been launched as a new fronting insurance holding company with $100 million of capital, that aims to become a conduit to connect risk with reinsurance and alternative capital.Launched by private equity specialist investor Genstar Capital in partnership with management, Obsidian Insurance will be run by read the full article →

Nephila backed Blenheim Underwriting to launch managing agency

Blenheim Underwriting, the Lloyd's focused insurance and reinsurance underwriter that counts ILS specialist Nephila Capital as a key backer, is launching a managing agency which will help the company better manage the connection of its risks to a wide range of capital providers.When Blenheim launched its syndicate 5886 at Lloyd's read the full article →

Covid-19 impacts likely to enforce ongoing reinsurance firming: Schroders

The ongoing Covid-19 coronavirus pandemic is expected to have an impact on future reinsurance renewals, with the volatility it has caused expected to enforce ongoing firming of rates and pricing, according to executives at Schroders.Reinsurance rates have been on the rise anyway, as the industry on both traditional and alternative read the full article →