Insurance-linked investments

The Eclipse Re Ltd. vehicle, a special purpose insurance and segregated accounts company that was originally launched by Horseshoe Group and Rewire Securities LLC, has completed its largest private catastrophe bond to-date, a $100 million Eclipse Re Ltd. (Series 2019-05A) ILS transaction.

For some year’s now we’ve been saying that insurance-linked securities (ILS) capacity and alternative reinsurance capital is destined to get closer to risk, as structures and technologies advance to allow it to break free from the strictures of the traditional market chain.

Global asset management group Schroders is set to acquire a majority stake in impact and microfinance investment management specialist BlueOrchard, the firm that is also the manager of the InsuResilience fund.

Markel Corporation said it is launching a new retrocessional reinsurance insurance-linked securities (ILS) fund platform, while at the same time announcing a winding down of the existing Markel CATCo fund operations.

Blue Capital Reinsurance Holdings Ltd., a stock exchange listed, collateralized reinsurer owned by Sompo International Holdings Ltd., is to be run-off, the company has announced.

The completion of Bermuda-based re/insurer Arch Capital Group Ltd.’s latest and largest mortgage insurance-linked securities (ILS) transaction seen to-date, a $701 million Bellemeade Re 2019-3 Ltd. shows the firm is at the “forefront” when it comes to managing capital and risk, an executive said today.

Mortgage insurance specialist underwriter NMI Holdings, Inc. has returned with its third insurance-linked securities (ILS) transaction and it is the largest to-date, a $327 million Oaktown Re III Ltd. transaction.

Beazley continues to try and drive down the cost of re/insurance capital using its so-called ‘smart tracker’ special purpose arrangement (SPA) syndicate 5623, with digitalisation a goal to add further efficiency in the future.

New York state has seen new legislation on climate change adaptation making rapid progress through lawmaking channels and the Climate Leadership and Community Protection Act includes signs that risk transfer is on the agenda.

Global insurance and reinsurance firm Hiscox has announced the promotion of Andrew Hughes to the role of Managing Principal, Hiscox ILS.