Reinsurance linked investment


Integral ILS registers Bermuda SPI named Integral Reinsurance Ltd.

Integral ILS Ltd., the start-up Bermuda based insurance-linked securities fund manager run by well-known industry execs Richard Lowther and Lixin Zeng, has registered its special purpose insurer (SPI) underwriting vehicle. Integral ILS Ltd. continues to ramp up its development, targeting being ready to deploy capital by January 2021. The start-up ILS fund read the full article →

Hannover Re to cede more Covid-19 losses to sidecar investors: Althoff

German reinsurance firm Hannover Re expects that as its losses from the Covid-19 pandemic convert from IBNR reserves to reported claims, a proportion of these will be ceded to third-party investors in its K-Cessions sidecar vehicle. Earlier this year we explained that Hannover Re increased the size of its capital market read the full article →

ACRA sidecar fees rise for Athene, but it’s all about the premium float

In the last quarter, Athene Holding Ltd., the life and retirement reinsurance company majority owned by investor and private equity specialist Apollo Global, earned an increased level of management fees from its Athene Co-Invest Reinsurance Affiliate (ACRA) sidecar vehicle. Before getting too ahead of ourselves with excitement of how this recently read the full article →

Bermuda private fund assets & registrations rise in Q1 2020

Bermuda continued to see an increase in assets under management of investment funds located in the domicile in the first-quarter of 2020, while the number of private fund structures, a popular one in the insurance-linked securities (ILS) space, continued to grow. The quarter was just when the global Covid-19 pandemic was read the full article →

Hudson Structured co-leads Series A for rideshare insurtech Buckle

Hudson Structured Capital Management Ltd., which enters into insurance and reinsurance investment business as HSCM Bermuda, has co-led a Series A funding round for rideshare focused insurtech company Buckle. Earlier this summer, Hudson Structured helped Buckle out by its HSCM Bermuda arm recapitalising an auto insurer the start-up was buying to read the full article →

Stone Ridge boosts interval ILS fund NAV with reverse share split

Stone Ridge Asset Management, the New York based asset manager with a focus on alternative risk premia strategies including reinsurance and insurance-linked securities (ILS), has actioned a reverse share split on its interval ILS fund strategy, effectively boosting the net asset value (NAV) of the strategy. Stone Ridge filed to undertake read the full article →

Side pockets for Covid-19 set-up in June, as ILS funds average 0.67%

A number of insurance-linked securities (ILS) fund managers established side pockets to segregate potential exposures related to the Covid-19 pandemic in June 2020, while some ILS and collateralised reinsurance funds also suffered adverse reserve development related to prior year catastrophes as well. But despite all of this, the average return of read the full article →

Covéa to allocate €750m to PartnerRe reinsurance investment vehicles

French insurance group Covéa and EXOR, the Agnelli family owned holding company investor, have struck an agreement to cooperate on reinsurance-linked investments going forward, finding a way to settle with each other over the failed PartnerRe sale. Covéa is set to inject €750 million of capital into special purpose reinsurance vehicles read the full article →

Praveen Reddy promoted to COO at Nephila’s MGA Velocity

Praveen Reddy has been promoted to Chief Operating Officer of Velocity Risk Underwriters LLC, the managing general agency (MGA) operation of reinsurance, catastrophe, climate and weather risk-linked investment manager Nephila Capital. Reddy had joined Velocity Risk Underwriters in its launch phase around the middle of 2015 and has played a significant read the full article →

Best of Artemis, week ending 2nd August 2020

Here are the ten most popular news articles, week ending 2nd August 2020, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish. Watch all read the full article →