Insurance linked securities news, ILS news

The latest catastrophe bond from Allianz Risk Transfer (ART), Blue Halo Re Ltd. (Series 2022-1), appears to have been well-received by investors, as Artemis has learned that the issuance is set to upsize by 25% to $125 million, while the price guidance has been lowered for both tranches of notes.

Hudson Structured Capital Management (HSCM), the reinsurance, insurtech, insurance-linked securities (ILS) and transportation focused investment manager, has hired Jason Saints from Arch Capital as a Vice President, Re/Insurance of its HSCM Bermuda branch.

The strong investor support seen for the first catastrophe bond issuance from Netherland’s based insurer NN Group, or Nationale-Nederlanden, shows the confidence the ILS investor community has in the insurers catastrophe management and underwriting, as well as in the modelling process, according to RMS.

Demonstrating that the returns of Lloyd’s insurance and reinsurance market business remains very attractive to investors, Beazley said this morning that its Smart Tracker special purpose arrangement (SPA) syndicate 5623 is now “significantly oversubscribed by third party capital”.

Elementum Advisors, LLC, the insurance-linked securities (ILS) fund management and collateralised reinsurance underwriter, has made three promotions as it continues to strengthen its institutional quality ILS management platform.

Analysts at investment bank Jefferies have questioned the diverging strategies of two of the largest reinsurance companies, Hannover Re and SCOR, pointing out that the former is retaining more catastrophe risk, while the latter is reducing, but the analysts suggest that, in a hardening market, it’s time to make hay.

Global reinsurance company SCOR appreciates diversity within its retrocessional reinsurance panel, but aims to keep a roughly 50/50 mix, between ILS and traditional limit, as it appreciates both the mix of products and long-term relationships available, Jean-Paul Conoscente, CEO of SCOR Global P&C said yesterday.

Leadenhall Capital Partners LLP, the London headquartered specialist insurance linked securities (ILS) and reinsurance related investments manager, has announced a new business development and fundraising focused hire, adding Alistair Jones from SEI Investments.

SCOR Investment Partners, the asset management company of the global reinsurance group SCOR, experienced further inflows to its insurance-linked securities (ILS) fund strategies through 2021, to end the year with record assets of above US $3 billion.

Vantage Risk, a Class of 2021 insurance and reinsurance start-up launched by industry veterans Greg Hendrick and Dinos Iordanou, has gained a significant vote of confidence in securing another commitment of up to $200 million in private equity funding.