insurance linked securities


Arch issuing largest mortgage ILS to-date, $701m Bellemeade Re 2019-3

Bermuda-based re/insurer Arch Capital Group Ltd. is back in the capital markets with the largest mortgage insurance-linked securities (ILS) transaction seen to-date, a $701 million Bellemeade Re 2019-3 Ltd. that also features the first-ever triple-A rated tranche of mortgage insurance-linked notes.Arch Capital Group has become a significant user of capital read the full article →

Estera acquired, to combine with Ocorian

Estera, a global provider of funds, corporate and trust services and an active service provider to the insurance-linked securities (ILS) and reinsurance markets, has been acquired and will combine with corporate administration and fiduciary service provider Ocorian.Inflexion Private Equity has acquired Estera from previous owner private equity investor Bridgepoint.After the read the full article →

Blue Capital listed ILS fund in 3.6% return year-to-date

Demonstrating the recovery that is underway in insurance-linked securities (ILS) market returns, as the loss creep from prior year events begins to tail off, the listed Blue Capital Alternative Income Fund has delivered a 3.6% year-to-date return, 2.9% just in Q2.The listed insurance-linked securities (ILS) investment fund strategy, managed by read the full article →

Richard Lowther to move on from Hiscox ILS

Hiscox Re Insurance Linked Strategies Ltd. said today that Chief Operating Officer and Managing Principal Richard Lowther is moving on from the firm.Lowther had been working at Hiscox in ILS since 2014, as the Chief Operating Officer (COO) of Hiscox's relatively new at the time insurance-linked securities (ILS) and collateralised read the full article →

Schroders acquires full ownership of Secquaero, increases stake to 100%

Global asset management group Schroders has taken its ownership stake in Swiss ILS & reinsurance investments specialist Secquaero Advisors AG to 100%.Schroders sees this as a reinforcement of its increasingly important Private Assets business, of which insurance-linked securities (ILS), catastrophe bonds and other reinsurance linked investment strategies have become increasingly read the full article →

Convective storms & hail drive Allstate’s cat losses above expectation again

U.S. primary insurer Allstate has again reported monthly catastrophe losses that were higher than analyst expectations, reporting $311 million of impacts during the month which took its second-quarter cat losses to $1.07 billion before tax.That means Allstate's catastrophe losses for the first-half of 2019 are estimated at somewhere just shy read the full article →

RenaissanceRe further extends maturity of Fibonacci Re ILS notes

Bermudian reinsurance firm and third-party capital manager RenaissanceRe has opted for another extension of maturity for the remaining insurance-linked securities (ILS) notes from its Fibonacci Re Ltd. vehicle’s 2017 and 2018 issuances.The catastrophe bond like structure has seen its maturity dates extended repeatedly, presumably to allow for the collateral to read the full article →

Artex promotes Thompsett to COO, Marshall to CFO

Artex Risk Solutions, one of the largest insurance management firms and a key facilitator in the insurance-linked securities (ILS) and collateralised reinsurance space, has announced two senior promotions, naming a new Chief Operating Officer and Chief Financial Officer.Stephen Thompsett, who has been with Artex since 2018 in his most recent read the full article →

Ebola outbreak declared international emergency by WHO

The Ebola disease outbreak in the DR Congo has been declared a Public Health Emergency of International Concern by the World Heath Organisation (WHO), as it highlights the urgency needed to address the outbreak and stem its travel across borders.It should be noted that this specific declaration does not mean read the full article →

Blue Halo Re 2016-1 cat bond pays out $40m, maturity extended further

One tranche of the Blue Halo Re Ltd. (Series 2016-1) catastrophe bond, that was sponsored by Allianz Risk Transfer, a unit of global insurance and reinsurance group Allianz, has now paid out $40 million of its principal on losses.Meanwhile, both tranches of this catastrophe bond deal have had their maturity read the full article →