insurance private debt

Fixed income financial services investment specialist Cohen & Company, LLC has raised €375 million for new investment funds focused on provision of subordinated debt to the insurance and reinsurance sector in Europe.

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.

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.

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.

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, 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 & Company.

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.

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.

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.

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.