Insurance linked securities news, ILS news

Bermuda headquartered ILS fund and reinsurance linked investment manager ILS Capital Management has purchased more shares in Helios Underwriting, the Lloyd’s of London focused investment and underwriting vehicle.

Global reinsurance firm Ariel Re is back in the insurance-linked securities (ILS) market seeking another catastrophe bond to benefit its Lloyd’s of London Syndicate 1910, with a $150 million Titania Re Ltd. (Series 2021-2) retro industry loss deal.

Covéa Group, the French mutual insurance society, has had to reduce its target for the Hexagon III Re Pte. Ltd. (Series 2021-1) catastrophe bond transaction slightly, as pricing has diverged between the two tranches and the issuance is now said to be aiming to secure the company between €150 million and €190 million of reinsurance.

Here are the ten most popular news articles, week ending November 21st 2021, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.

Kettle, the reinsurance focused deep-learning and artificial intelligence (AI) insurtech that currently focused on California wildfire risks, has raised a $25 million Series A funding round to help it expand its business and further develop its advanced technologies.

Global consultancy Bain & Company has highlighted access to alternative sources of capital and the use of insurance-linked securities (ILS) as one of the key factors for insurers to consider as they look for success in what the company calls “a radically different future.”

Securian Financial Group life insurance subsidiary, Minnesota Life Insurance Company has returned to the insurance-linked securities (ILS) market to sponsor its second mortality catastrophe bond transaction, seeking another $100 million or more of capital markets backed extreme mortality reinsurance with a La Vie Re Limited (Series 2021-1) issuance.

We are delighted to announce to all our readers that we are returning to New York for an in-person conference on February 4th 2022, with ILS NYC 2022 registration now open and tickets available.

Twelve Capital Management, the Zurich-headquartered catastrophe bond, insurance-linked securities (ILS) and reinsurance linked investment fund manager, has promoted Dinesh Pawar as its new CEO of UK operations.

Both tranches of Safepoint Insurance Company’s most recent catastrophe bond, the $40 million Manatee Re III Pte. Ltd. (Series 2019-1) transaction, have now been marked down significantly in the secondary market on potential losses of principal driven by hurricane Ida’s impacts.