mergers & acquisitions

The insurance-linked securities (ILS) market should become more streamlined and professionalised if mergers and acquisitions (M&A) consolidate players, which Stonybrook Capital believes can help in attracting more institutional capital to the sector.

According to Hilary Paul, Partner and Portfolio Manager, LGT ILS Partners, there will be further insurance-linked securities (ILS) M&A consolidation in the near term, with more transactions and join-venture agreements, especially as stand-alone managers increasingly seek economies of scale and access to rated paper.

Euler ILS Partners Ltd. has been launched as a new independent insurance-linked securities (ILS) investment manager by Niklaus Hilti and the team that was formerly Credit Suisse Insurance Linked Strategies, after their management buyout of the company has been completed.

SIGLO Capital Advisors AG, a Swiss based alternative asset advisory specialist with an insurance-linked securities (ILS) practice, has reached an agreement to be acquired by Cambridge Associates, a global investment firm.

Miller, the independent and private equity funded broking group, has announced the acquisition of a European capital advisory focused broking business that has operated at the intersection of reinsurance and capital markets, with Marc Hannebert’s 4809 Brokers AG now its third continental European purchase.

UBS has announced that it has reached an agreement to sell the Credit Suisse Insurance Linked Strategies Ltd. business to its existing management team, led by Niklaus Hilti.

Even before RenaissanceRe had acquired Validus from AIG, the Bermuda based reinsurer has said that “substantially all” of the AlphaCat Managers insurance-linked fund strategies were subject to redemption requests from the third-party investors backing them.

RenaissanceRe, the Bermuda based reinsurance and third-party capital management specialist, has now completed its acquisition of the Validus reinsurance business from AIG, including the insurance-linked securities (ILS) unit AlphaCat.

Independent insurance and reinsurance broking group BMS has announced the completion of its growth capital investment from global investor Eurazeo, while also naming former PartnerRe CEO Emmanuel Clarke as its chairman.

Hudson Structured Capital Management, the reinsurance, insurtech and insurance-linked securities (ILS) and transportation focused asset manager, has sold its majority ownership stake in London-based specialty lines MGA and Lloyd’s Coverholder Occam Underwriting Limited, to Brown & Brown (Europe) Ltd.