investment fund
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 →
Athene’s ACRA insurance-linked sidecar vehicle gets rated
Athene Holding Ltd., the life and retirement reinsurance firm that is majority owned by investor and private equity specialists Apollo Global, has had the two entities of its Athene Co-Invest Reinsurance Affiliate (ACRA) sidecar vehicle rated by A.M. Best.Athene has been steadily raising third-party capital commitments for the Athene Co-Invest read the full article →
ILS P&C run-off fund invests in Italian med-mal, US general liability
The property & casualty run-off focused insurance-linked investment fund linked to Credit Suisse and sub-advisor ILS Investment Management (ILSIM), completed a number of new transactions at the beginning of this year.The latest annual report from one of the reinsurance underwriting vehicles used by the run-off and legacy risks focused insurance-linked read the full article →
ILS Capital Management’s 2019 portfolio delivers 10.5% by end of July
While loss creep, trapped collateral and the general ongoing impacts from prior year reinsurance related catastrophe losses continue to plague the insurance-linked securities (ILS) market, it's important to remember that the asset class can still deliver significant value, in terms of investor returns.ILS and reinsurance linked investing as an asset read the full article →
Apollo’s Athene nears $1.5bn ACRA insurance-linked fund commitments
Athene Holding Ltd., the life and retirement reinsurance firm that is majority owned by Apollo, has now taken the capital commitments raised for its new Athene Co-Invest Reinsurance Affiliate (ACRA) vehicle to nearly $1.5 billion.Athene has been steadily raising third-party capital commitments for the Athene Co-Invest Reinsurance Affiliate (ACRA) vehicle read the full article →
RenRe promotes Neuber to Treasurer, succeeds Dutt who maintains original focus
Bermudian reinsurance firm RenaissanceRe has promoted Matthew Neuber to the position of Corporate Treasurer, taking on the role from Aditya Dutt who remains the lead on RenRe's Ventures business (which includes much of the firms ILS activities), as well as corporate development and M&A.Matthew Neuber, already a Senior Vice President read the full article →
Apollo’s Athene in $750m share issue, to support ACRA insurance-linked fund
Athene Holding Ltd., the life and retirement reinsurance firm that is majority owned by Apollo, has priced a $750 million issuance of preferred shares, the proceeds of which are set to partially fund deal commitments to its new Athene Co-Invest Reinsurance Affiliate (ACRA) vehicle.The Athene Co-Invest Reinsurance Affiliate (ACRA) vehicle read the full article →
Armour Group hires John Parry (ex-Lloyd’s) as CFO
Armour Group, the Bermuda-headquartered P&C legacy or run-off reinsurance specialist and founder of ILS Investment Management (ILSIM), has announced that it has hired former Lloyd's of London CFO as its new Group Chief Financial Officer.Parry, who left Lloyd's recently having helped it to begin a more serious search for participation read the full article →
Apollo’s Athene raises $1bn of $4bn target for ACRA insurance-linked fund
Athene Holding Ltd., the life and retirement reinsurance firm that is majority owned by Apollo, has raised $1 billion of third-party capital commitments for its new Athene Co-Invest Reinsurance Affiliate (ACRA) vehicle that will enable investors to participate alongside the insurer in private deals.Private equity and alternative investment specialist Apollo read the full article →
Twelve Capital takes 3% stake in retirement focused Just Group
Zurich headquartered insurance and reinsurance linked specialist investment fund manager Twelve Capital has taken a just over 3% equity stake in UK retirement income and insurance product provider Just Group plc.Stock exchange filings show that Twelve Capital's stake in Just Group passed the 3% of voting rights mark, meaning the read the full article →
