Reinsurance linked investment

Resilience Economics Ltd. has been launched today by Cedent Ltd., as a new corporate finance advisory specialist focused on climate risk solutions, with an initial $500 million of capacity backing provided by strategic partner Nephila Capital Ltd.

Singapore has ramped up its focus on developing an insurance-linked securities (ILS) market, taken the radical step of offering an ILS grant that will fund 100% of the upfront costs incurred in issuing catastrophe bonds in the country and setting up a working group to explore opportunities for the country in ILS.

Tangency Capital Ltd. is a new insurance-linked securities (ILS) start-up venture that has been founded by three experienced ILS and reinsurance convergence focused executives and will focus on helping its investors to access opportunities in insurance and reinsurance, from offices in Bermuda and London.

Following the losses from third-quarter natural catastrophes, including hurricanes Harvey, Irma and Maria, two of the reinsurance firm owned ILS and collateralized reinsurance investment managers have reported declines in assets under management after paying for losses.

New York stock exchange listed fully collateralized reinsurer Blue Capital Reinsurance Holdings Ltd. has reported a 28.6% hit to its fully converted book value per common share after third-quarter 2017 catastrophes and hurricanes, but the manager is now hoping to position the vehicle to take advantage of higher renewal rates.

Insurer and reinsurer Aspen Insurance Holdings plans to grow the size of its Bermuda-based collateralized reinsurance sidecar, Silverton Re, so long as pricing in the global P&C industry reacts to recent catastrophe losses as the firm anticipates.

Hiscox Re ILS, the reinsurance and insurance-linked securities (ILS) arm of global re/insurer Hiscox Group, has added a new portfolio manager to its ILS investment team recently, hiring Aaron Garcia from London re/insurer Novae Group.

Markel CATCo Investment Management Ltd., the collateralized reinsurance and retrocessional investment fund manager, has raised over $1.8 billion of new capital from investors to ensure continuity for its ceding clients and meet renewal demand for its products.

Here are the ten most popular news articles, week ending 29th October 2017, 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.

Reinsurance group Validus Holdings reported its third-quarter earnings yesterday, providing an insight into the impact that insurance-linked securities (ILS) fund managers have experienced from recent catastrophe events and the support that ILS capital will give to pay hurricane losses.