Insurance linked securities news, ILS news

Revenues earned through the operations of Nephila Capital added significantly to Markel Corporations income from its insurance-linked securities (ILS) operations during the first-quarter of the year.

Arch Capital Group, the Bermuda headquartered insurance and reinsurance firm, has now secured roughly $3.5 billion of reinsurance for its U.S. mortgage insurance book from the capital markets, thanks to the completion of another $621 million Bellemeade Re 2019-2 Ltd. ILS transaction.

Markel Corporation has requested the dismissal of the lawsuit filed against its Markel CATCo Investment Management subsidiary, claiming that the suit by Tony Belisle fails to state a reasonable claim against the firm.

BMS Capital Advisory, Inc., the broker-dealer, investment banking, ILS and capital markets arm of insurance and reinsurance brokerage BMS, has announced the hiring of Chris DeMuth as a senior vice president, picking him up from his last role at JLT Capital Markets.

The catastrophe bond and insurance-linked securities (ILS) market continues to suffer loss creep from a number of prior year catastrophe events, which manifested again in the first-quarter in secondary marks and expected losses.

We’re excited to reveal the second wave of speakers who will be joining us at ILS Asia 2019, our fourth conference held in Singapore. Tickets are available now for this insurance-linked securities (ILS) conference.

Eclipse Re Ltd., the special purpose insurer and segregated accounts company that had been launched originally by Horseshoe Group and Rewire Securities LLC has issued its first tranche of private catastrophe bond notes for 2019, Eclipse Re Ltd. (Series 2019-01A).

Voussoir Re Ltd. is a new collateralized reinsurance sidecar style vehicle which we understand to have been established by Arch Capital as a new third-party capital vehicle.

The enactment of a bill designed to reform the assignment of benefits (AOB) system in the state of Florida has the potential to reduce homeowners insurance rate need by an average of 15% and in some cases in the south of the state as much as almost 18%.

The countries and territories of the Western Balkans region are highly vulnerable to the majority of natural catastrophe events, underlining the need for increased awareness of the capabilities of various sources of risk financing, including the catastrophe bond and insurance-linked securities (ILS) space.