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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 →

Securis grows its ILS assets under management to $6.2bn

Securis Investment Partners, the London-headquartered insurance-linked securities (ILS) and reinsurance-linked investments manager, has significantly increased its ILS assets under management to $6.2 billion as of the start of the year, a 35% uplift in just six months.Securis Investment Partners had roughly $4.6 billion of ILS and reinsurance linked assets as read the full article →

Securis-backed Lloyd’s SPS’ management taken over by AXIS

Management and oversight of the special purpose Lloyd’s of London syndicate 6129 joint venture, which is backed by insurance and reinsurance investment manager Securis Investment Partners, has been taken over by Bermudian re/insurer AXIS Capital, as the firm consolidates its responsibilities following its acquisition of Novae Group.The Securis backed SPS read the full article →

Armour gets $500m Aquiline-led investment, Validus participates

Bermuda-headquartered P&C legacy and run-off reinsurance specialist, as well as founders of ILS Investment Management (ILSIM), Armour Group has raised a $500 million investment round led by private-equity specialists Aquiline Capital Partners to fund further growth.Armour, which was founded in 2007 by Brad Huntington and John Williams works closely with read the full article →