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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 →

Apollo said raising up to $5.5bn for insurance-linked fund strategies

Private equity and alternative investment specialist Apollo Global Management, LLC is reported to be out raising capital for a number of new investment funds, with as much as $5.5 billion said being raised for specific insurance-linked fund strategies.Among the funds being raised for is one strategy that will enable private read the full article →

ILS Capital Management delivered double-digit 2018 return to pension investor

While negative performance of ILS and collateralized reinsurance portfolios has been the talk of recent months, after the consecutive years of catastrophe loss activity, as ever performance is divergent in this market and ILS Capital Management was one of those that fared better in 2018.Bermuda headquartered ILS fund and investment 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 →

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 →

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 →