property & casualty

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ILS P&C run-off fund invests in Italian med-mal, US general liability

The property & casualty run-off focused insurance-linked investment fund linked to Credit Suisse and sub-advisor ILS Investment Management (ILSIM), completed a number of new transactions at the beginning of this year.The latest annual report from one of the reinsurance underwriting vehicles used by the run-off and legacy risks focused insurance-linked read the full article →

Armour Group hires John Parry (ex-Lloyd’s) as CFO

Armour Group, the Bermuda-headquartered P&C legacy or run-off reinsurance specialist and founder of ILS Investment Management (ILSIM), has announced that it has hired former Lloyd's of London CFO as its new Group Chief Financial Officer.Parry, who left Lloyd's recently having helped it to begin a more serious search for participation read the full article →

Armour gets $500m Aquiline-led investment, Validus participates

Bermuda-headquartered P&C legacy and run-off reinsurance specialist, as well as founders of ILS Investment Management (ILSIM), Armour Group has raised a $500 million investment round led by private-equity specialists Aquiline Capital Partners to fund further growth.Armour, which was founded in 2007 by Brad Huntington and John Williams works closely with read the full article →

Credit Suisse and ILSIM raising capital for second ILS P&C run-off fund

The Credit Suisse Asset Management (CSAM) insurance-linked strategies team and sub-advisor ILS Investment Management (ILSIM) are in the process of raising a second ILS fund focused on property and casualty run-off opportunities, with filings showing around $282.5 million successfully raised of a targeted maximum of $800 million.The two firms, the read the full article →

Run-off ILS P&C Fund acquires Rampart from Groupama

The property & casualty run-off focused insurance-linked investment fund operated by the Credit Suisse  insurance-linked strategies team and sub-advisor ILS Investment Management (ILSIM), has completed the acquisition of Rampart Insurance Company from Groupama SA.The fund, which provides institutional investors with a way to access run-off or legacy property and casualty read the full article →

Credit Suisse and ILSIM raise $576m for P&C run-off ILS fund

The Credit Suisse Asset Management (CSAM) insurance-linked strategies team and sub-advisor ILS Investment Management (ILSIM) have successfully raised $576m and closed the first ILS fund focused on property & casualty run-off portfolios.The strategy has been in the works for more than a year, aiming to find a structure and investment read the full article →