insurance private debt


Plenum launches UCITS fund with cat bond & insurance debt focus

Plenum Investments AG, the Zurich based specialist insurance-linked securities (ILS) and catastrophe bond investment manager, has launched the Plenum Insurance Capital Fund, a UCITS ILS fund that will allocate to both catastrophe risks and subordinated insurance debt instruments. The move follows a recent announcement of senior hires at Plenum Investments with read the full article →

Fermat backs €6m private debt transaction for Gefion Insurance A/S

Fermat Capital Management, LLC, the insurance-linked securities (ILS) and catastrophe bond focused investment manager, has completed a second private debt arrangement for Danish non-life insurer Gefion Insurance A/S with a new €6 million transaction. Fermat completed a €10 million private subordinated debt placement for Gefion Insurance A/S back in 2017 and read the full article →

Multi-asset class approach provides flexibility, synergies: Twelve Capital’s Ramseier

The multi-asset class approach adopted by independently owned insurance and reinsurance linked specialist investment fund manager, Twelve Capital, allows flexible capital allocation while taking advantage of significant synergies. This is according to Twelve Capital Founding Partner, Chief Executive Officer & Chief Investment Officer, Urs Ramseier. Speaking with Artemis, he explained why the read the full article →

Palomar raises IPO ambitions, aims for $97m to $110m

Speciality California-based catastrophe exposed property insurer Palomar Insurance Holdings has raised its target for an impending Nasdaq initial public offering (IPO), hoping to raise as much as $110 million at the top-end of its share price estimates. Palomar Insurance Holdings had been targeting an IPO capital raise of around $50 million, read the full article →

Palomar seeks $50m IPO, will repay Fermat & Cohen debt investments

Palomar Insurance Holdings, the speciality California-based insurer that provides largely catastrophe exposed property covers, as seeking to raise $50 million in a Nasdaq initial public offering (IPO), adding to the $20 million it raised in a debt issuance invested in by ILS specialists Fermat Capital Management and investor Cohen & read the full article →

Heritage to redeem private debt from Fermat & Hudson Structured

Heritage Insurance Holdings, Inc. is changing its capital structure, adding a new $125 million credit facility, the proceeds of which will be used to redeem previous financing including private debt that ILS specialists Fermat Capital Management and Hudson Structured had invested in. The U.S. primary property and casualty insurance group said read the full article →

Twelve Capital appoints fund distribution consultancy Harrington Cooper

Twelve Capital has entered into a new distribution arrangement for its range of insurance, reinsurance and catastrophe bond investment strategies with fund distribution consultancy Harrington Cooper. The arrangement will see Harrington Cooper distributing the full range of Twelve Capital insurance and reinsurance linked investment products across the UK and in French-speaking read the full article →

Alpha run-off shows a risk of private debt investing for ILS funds

Danish registered insurance company Alpha Insurance A/S (Alpha) has been placed into solvent liquidation and told to stop underwriting, placing its portfolio into run-off, with the circumstances highlighting what could have been a risk for a €20 million private insurance debt transaction between it and investment manager Twelve Capital. Swiss headquartered read the full article →

Leadenhall invests in Australian life insurer Integrity Group

London-headquartered specialist insurance-linked securities (ILS) and reinsurance linked investment manager Leadenhall Capital Partners LLP has backed a new start-up life insurance operation in Australia, named Integrity Group Holdings Limited. Integrity Group aims to disrupt the Australian life insurance market at a time when the sector is consolidating to only a few, read the full article →

Twelve Capital secures three private debt investments

ILS, insurance and reinsurance linked investment manager Twelve Capital has acted as the sole investor across three bilateral insurance private debt transactions, taking $67 million of notes for its own portfolios from deals with Federated National, ACCC Holding Corporation and a small U.S. commercial insurer. The private debt transaction with Federated read the full article →