Lumen Re Ltd

The formation of Lumen Re, LGT ILS Partners’ Bermuda-based Class 3A reinsurance underwriting vehicle, was driven by a number of factors and sees the ILS manager try to combine the best of both worlds.

Lumen Re Ltd., the Bermuda domiciled Class 3A reinsurance underwriting vehicle of LGT ILS, a unit of the investor LGT Group’s alternative asset manager LGT Capital Partners, has had its credit ratings affirmed and balance-sheet assessed as strongest by A.M. Best.

LGT ILS Partners, the insurance and reinsurance linked securities investments unit of the private bank and asset manager, has renamed its fully collateralised reinsurer to Lumen Re Ltd. and achieved an A.M. Best rating of ‘A’ for the vehicle.