private debt


Palomar raises IPO ambitions, aims for $97m to $110m

Speciality California-based catastrophe exposed property insurer Palomar Insurance Holdings has raised its target for an impending Nasdaq initial public offering (IPO), hoping to raise as much as $110 million at the top-end of its share price estimates. Palomar Insurance Holdings had been targeting an IPO capital raise of around $50 million, read the full article →

Palomar seeks $50m IPO, will repay Fermat & Cohen debt investments

Palomar Insurance Holdings, the speciality California-based insurer that provides largely catastrophe exposed property covers, as seeking to raise $50 million in a Nasdaq initial public offering (IPO), adding to the $20 million it raised in a debt issuance invested in by ILS specialists Fermat Capital Management and investor Cohen & read the full article →

Twelve Capital hires Aaron Coates for ILS & debt sourcing role

Swiss headquartered insurance and reinsurance linked asset management firm Twelve Capital has appointed Aaron Coates, previously of Barbican Insurance, to an Executive Director role that will see him focused on sourcing ILS transactions and private debt deals. Coates has almost 20 years of insurance and reinsurance industry experience, most recently gained read the full article →

Demand closes Twelve Capital’s insurance private debt fund temporarily

Specialist Zurich-based insurance linked investment manager Twelve Capital has announced a temporary closure of the firms insurance private debt investment strategy due to high demand from clients resulting in $400m of inflows since November. Twelve Capital, which specialises in insurance linked securities and catastrophe bond investment management primarily, branched out into read the full article →

Attractive 2013 returns across all ILS strategies for Twelve Capital

Specialist Zurich-based insurance-linked securities and reinsurance-linked investment manager Twelve Capital achieved attractive returns across its core strategies of catastrophe bond funds, ILS mandates and insurance bond funds in 2013. The catastrophe bond fund strategies offered by Twelve Capital achieved 2013 returns of between 4.3% and 6.7%, while ILS mandates which include read the full article →

Twelve Capital expands strategy into insurance private debt

Specialist Zurich-based insurance-linked securities and reinsurance-linked investment manager Twelve Capital has expanded its investment strategy in recent days with the launch of an insurance private debt strategy to provide small and medium insurers with a new source of regulatory capital. Not strictly on topic for Artemis, this is interesting as it read the full article →