insurance securitization

ILS Capital Management Ltd., a Bermuda headquartered ILS fund and reinsurance investment manager, has successfully completed a landmark securitisation that reduces the level of trapped capital affecting its ILS funds and returns capital to investors, seeing it as the first ever securitisation of trapped ILS capital.

Around six weeks into a joint collaboration to offer insurers and reinsurers a new collateralised whole-account reinsurance offering backed by insurance-linked securities (ILS), Hyperion X and Vario Partners LLP told us they are seeing significant interest.

Hyperion X, the data analytics focused entity of the Hyperion Insurance Group, the global broker and consultancy that includes RKH Reinsurance Brokers, is partnering with Vario Partners LLP to launch a collateralised whole-account reinsurance offering backed by insurance-linked securities (ILS).

Ledger Investing, the insurance technology (insurtech) and insurance-linked securities (ILS) start-up that aims to enhance the way re/insurers fund their risks using securitisation and tech, has added a new Advisor to its team.

Insurance technology (insurtech) and insurance-linked securities (ILS) start-up Ledger Investing has successfully completed its first transaction, directly securitizing a portfolio of non-standard passenger auto insurance between an MGA and the AIG-owned ILS fund manager AlphaCat.

Insurtech start-up Ledger Investing, which counts ex-AIG capital markets head Samir Shah as its CEO, is in the process of completing a $5 million round of seed funding to help it build out its insurance risk securitization platform and expand its team.

Vario Partners, the specialist risk advisor launched in late 2014 by three former PwC exec’s to connect portfolios of insurance or reinsurance risk with capital market investors through securitisation or ILS structures, has appointed industry veteran Michael Watson as a non-executive director.

Samir Shah, the ex-Head of Insurance Capital Markets at AIG, has joined Ledger Investing as Chairman and CEO. The Silicon Valley backed insurtech start-up is focused on creating a business-to-business marketplace for the securitisation of insurance risk, a vision Shah has helped to crystalise.

Vario Partners, a specialist risk advisor launched in late 2014 by three former PwC exec’s to connect portfolios of insurance or reinsurance risk with capital market investors through securitisation or ILS structures, has added two new hires to its team as it readies itself for the January 2017 renewal.

The anticipated Shanghai Insurance Exchange could launch as early as this weekend, according to reports in Chinese news media. While product specifics remain private, reports suggest the exchange will facilitate insurance derivatives and other forms of risk securitization at some stage.