Lumen Re Ltd

Lumen Re, the main reinsurance underwriting entity of LGT ILS Partners, is in the catastrophe bond market seeking $125 million in retrocessional protection against losses from North American peak perils with a Photon Re Ltd. (Series 2026-1) issuance, the latest in a series of cat bonds to come from ILS manager linked structures, Artemis has […]

While the property catastrophe reinsurance market entered into a phase of measured softening in the first half of 2025, Klaus Sapelza, CUO of Lumen Re has highlighted how this is not a full pricing reversal, while also stating that maintaining strict selectivity in risks underwritten remains critical in the current environment.

Across the entire roughly $4.49 billion reinsurance risk transfer tower of Florida’s Citizens Property Insurance Corporation the capital markets have taken their largest share proportionally in 2025, with around 87% of the total backed by catastrophe bonds, collateralized reinsurance markets and ILS fund managers.

Lumen Re, the main Bermuda-domiciled rated reinsurance underwriting vehicle of specialist insurance-linked securities manager LGT ILS Partners, has renewed its status as a reciprocal jurisdiction reinsurer in 37 US states for 2025, while also seeing its loss ratio remaining lower in 2024, according to its latest rating affirmation by AM Best.

Although Christian Bruns, Partner and Portfolio Manager at LGT ILS Partners Ltd., noted that transacting cyber risk in an excess-of-loss format may not currently be in the best interest of the firm’s investors, he highlighted the potential to transact the risk in a quota-share format through its in-house rated reinsurance carrier, Lumen Re.

The loss ratio of Lumen Re, the main reinsurance underwriting vehicle of LGT ILS Partners, has reduced significantly again in 2023, while the reinsurer is becoming increasingly efficient for the ILS manager as it has earned reciprocal jurisdiction recognition in 37 US states, according to rating agency AM Best.

LGT ILS Partners, the specialist dedicated insurance-linked securities (ILS) investment unit of the private bank and asset manager LGT Capital Partners, is confident that market conditions are going to remain attractive into 2024, even expecting some marginal price increases in certain areas of the reinsurance renewals.

Lumen Re, the rated reinsurance company of LGT ILS Partners, the specialist dedicated insurance-linked securities (ILS) investments unit of the private bank and asset manager LGT Capital Partners, has reported higher net premiums, revenues and profits for 2022, although gross premiums written declined in the year.

Lumen Re, the main reinsurance underwriting vehicle of LGT ILS Partners, the specialist dedicated insurance-linked securities (ILS) investments unit of the private bank and asset manager LGT Capital Partners, has seen its loss ratio reduce significantly, according to rating agency AM Best.

While some in the insurance-linked securities (ILS) market are targeting higher risk and return opportunities, or an expansion into non-catastrophe lines of business, Michael Stahel of LGT ILS Partners believes now is the time to double-down on more remote layers of natural catastrophe risk, where the insurance and reinsurance industry benefits significantly from the capital […]