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Transverse’s E&S fronting & risk transformation carrier gets rated

Transverse Insurance Group, the program and fronting firm that aims to help reinsurance capacity providers including insurance-linked securities (ILS) funds and investors to access risk more directly, has had its second fronting carrier rated. Transverse acquired Arrowood Surplus Lines Insurance Company (ASLIC) earlier this year, a Delaware-domiciled excess & surplus (E&S) read the full article →

Fronting start-up Obsidian hires program specialist Larkin as CUO

Fronting insurance holding company Obsidian has announced the hiring of program underwriting specialist Dan Larkin as the firms new Chief Underwriting Officer. Obsidian Insurance Holdings, Inc. was launched last month as a fronting insurance holding company with $100 million of capital and a goal to become a conduit to connect risk read the full article →

Obsidian launches as fronting conduit to reinsurance & alternative capital

Obsidian Insurance Holdings, Inc., has been launched as a new fronting insurance holding company with $100 million of capital, that aims to become a conduit to connect risk with reinsurance and alternative capital. Launched by private equity specialist investor Genstar Capital in partnership with management, Obsidian Insurance will be run by read the full article →

ILS market continues quest to front cedents more efficiently

The insurance-linked securities (ILS) market continues to evolve in the wake of the major catastrophe losses of recent years and one of the most important and ongoing developments is the quest to front cedents as efficiently as possible, A.M. Best explains in a new report. The rating agency highlights challenges that read the full article →

Transverse acquires ASLIC to expand fronting to non-admitted programs

Transverse Insurance Group, a program and fronting carrier that wants to help facilitate access to risk for insurance-linked securities (ILS) funds and investors, has acquired a second insurance carrier specifically to enable its expansion to front for non-admitted programs. Transverse has an agnostic view as to where capital to back its read the full article →

Fronting & transformer carrier Transverse gets its A- rating

Transverse Insurance Group, a new program and fronting carrier that aims to help facilitate access to risk for insurance-linked securities (ILS) funds and investors, has now received its official A- rating from A.M. Best. Transverse Insurance has been in development for some time, with an experienced team creating a platform that read the full article →

Transverse rated. Targets program fronting & transformation for ILS

Transverse Insurance Group, a new program and fronting carrier that aims to help facilitate access to risk for insurance-linked securities (ILS) funds and investors, has received a preliminary A- rating from A.M. Best. Transverse Insurance has been in the works for some time, as the experienced team looked to put together read the full article →

R&Q hires Bailey as it seeks ongoing innovation in the legacy space

Randall & Quilter, a Bermuda headquartered specialist non-life insurance and reinsurance investor, legacy or run-off transaction service provider and underwriting program manager (amongst other things) has hired Darren Bailey, an executive with ILS and capital markets experience. Randall & Quilter (R&Q) has been known for taking an innovative approach to the read the full article →

R&Q targets program business growth, may include for ILS capital

Randall & Quilter, Bermuda based specialist non-life insurance and reinsurance investor, legacy or run-off transaction service provider and underwriting manager (among other things) is targeting growing its program business, through which it can provide reinsurance capital providers with efficient access to re/insurance risk. The program business model sees rated insurance vehicles read the full article →