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Non-nat-cat alternatives the “perfect hedge” for ILS investors: AM RE Syndicate

Amid the increased frequency, scope, and severity of natural catastrophes, insurance-linked securities (ILS) investors stand to benefit from the greater predictability and sustainability of non-nat-cat program-based portfolios of risk, according to AM RE Syndicate. In a new whitepaper, titled ‘The Impact of Climate Change on the Traditional ILS Market and Non-Nat-Cat read the full article →

Program business can be “cash-positive” for ILS investors: AM RE CEO Barder

Program business, especially that focused on casualty lines of insurance and reinsurance, should prove increasingly attractive to insurance-linked securities (ILS) investors over time, as the cash-positive nature of the structure is beneficial for them, Shevawn Barder, CEO of AM RE Syndicate told us in a recent interview. We spoke with Barder, read the full article →

R&Q targets ILS markets for program management: Spiegel

William Spiegel, Executive Group Chairman of Randall & Quilter (R&Q) Investment Holdings, said this morning that insurance-linked securities (ILS) markets are a target for the firms growing program management business. R&Q typically works alongside managing general agents (MGA's) and reinsurance providers to them, helping them deploy program focused capacity using its read the full article →

Palomar launches insurance fronting business, PLMR-FRONT

Palomar Insurance Holdings, the speciality California-headquartered insurer that provides largely catastrophe exposed property products, is the latest carrier to want to offer its paper to risk capital, reinsurance and underwriting teams, with the launch of an insurance fronting business named PLMR-FRONT. Palomar highlighted its A.M. Best rating of “A-IX”, as the read the full article →

Ambac targets ILS partnerships with Everspan program / fronting launch

Ambac Financial Group, Inc. has launched a new program and fronting focused specialty insurance company named Everspan Group and targets participatory fronting and transformation for select risks, with the insurance-linked securities (ILS) market a potential reinsurance capacity partner it seems. Everspan Group calls itself a "specialty, participatory fronting program insurance business" read the full article →

Program & fronting specialist Obsidian gets A- rating for E&S lines carrier

Obsidian Insurance Holdings, Inc., a recently launched program and fronting insurance holding company, has announced the A- A.M. Best rating of its excess and surplus (E&S) lines carrier. Obsidian Specialty Insurance Company was recently formed to help Obsidian expand its offering, which sees the company fronting insurance programs for a range read the full article →

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 →