Quota Share


Vegard Nilsen named CEO at Securis, Procter to focus on investments

Securis Investment Partners LLP, the London-based ILS investment manager, has named long-standing employee and previous Chief Operating Officer Vegard Nilsen as the firm's new Chief Executive Officer, while co-founder Rob Procter continues as Chief Investment Officer.Nilsen has been with Securis since the ILS fund manager began in 2005, working his read the full article →

Securis sees StarStone relationship as enhancing access to primary risks

Securis Investment Partners LLP, the London based ILS investment manager, has entered into a new arrangement with property, casualty and specialty lines insurance company StarStone which will see Securis better accessing risks from primary catastrophe insurance.Securis already has an existing platform at Lloyd's, a special purpose vehicle that accesses excess read the full article →

Hannover Re grows its K-Cession placement to $600m for 2018

Global reinsurance firm Hannover Re has increased the size of its regular K-Cession capital markets retrocession placement to $600 million for 2018, as the reinsurer continued to leverage ILS funding as a source of protection and to augment its own capacity.A year ago Hannover Re's K-Cession placement, which sees the read the full article →

IAG sets up 12.5% quota share with Munich Re, Swiss Re and Hannover Re

Australian primary insurance group IAG has entered into a five-year 12.5% quota share arrangement with reinsurance giants Munich Re, Swiss Re and Hannover Re, in a transaction that will see the insurer passing on more of the risks it underwrites, while the reinsurers benefit from gaining access to diversifying risks.Effectively, read the full article →

Hannover Re cedes hurricane losses to retro, frees capital for renewal

German reinsurance player Hannover Re saw its retrocession capacity providers take more than half of its losses from hurricanes Harvey, Irma and Maria. Following the major losses the reinsurer has freed up capital from its investment portfolio, for tactical considerations at the renewals.Hannover Re reported EUR 1.6256 billion of gross read the full article →

Brit ups quota share reinsurance, as rate declines continue

Global specialty insurance and reinsurance firm Brit Ltd. has increased its use of quota share reinsurance, increasing its expenditure on cover by $62.6 million as it seeks to take advantage of still declining rates to better manage its net position.Brit explained in its results this morning that it had increased read the full article →

Verto Syndicate 2689 aims to ease private capital access to Lloyd’s

Verto Syndicate 2689, a newly approved "in principle" Lloyd's of London syndicate, aims to ease access to the returns of Lloyd's underwriting business for private capital investors through proportional quota share reinsurance of other syndicates.Private capital consists of high-net worth, family office and some institutional investors and has been accessing the read the full article →

Hannover Re ups K-Cession & whole account retro for 2016

Reinsurer Hannover Re increased the size of its K-Cession quota share reinsurance and whole account excess of loss transactions for 2016 by $150m, reflecting the availability of attractively priced capital for retrocession.The K-Cession quota share reinsurance placement, also known as the K series of transactions, is Hannover Re's largely third-party investor read the full article →

Helios uses collateralised reinsurance structures to release capital

Helios Underwriting, the Lloyd's of London focused investment and underwriting vehicle formerly known as Hampden Underwriting, has entered into a new collateralised reinsurance agreement to free up capital for new opportunities.As Hampden the firm entered into a number of collateralised reinsurance quota share agreements, with XL Re, for the same read the full article →

Hampden renews collateralised quota share reinsurance with XL Re

Hampden Underwriting Plc, a Lloyd’s of London firm focused on property insurance, reinsurance and motor business and which enables investors to directly access the Lloyd’s market, has renewed a collateralised quota share reinsurance agreement with XL.The collateralised reinsurance transaction, which Hampden first announced back in July, involved 50% of the read the full article →