Reinsurance linked investment

Reinsurance and retrocession linked investment manager Markel CATCo Investment Management has announced some changes to its Boards, with Nigel Barton set to become Chairman of its main investment fund and segregated accounts vehicle.

Man Group benefited from its 18.75% stake in the world’s largest insurance-linked securities (ILS) investment manager Nephila Capital in 2016, reporting a slightly higher valuation for its investment at the end of the year and attractive commission income.

Swiss Re Capital Markets remains hopeful that 2017 will be the year of the catastrophe bond as large, global sponsors return from a market hiatus and the current pricing environment combines with true complimentary capital, says Judy Klugman.

Weston Hicks, the President of re/insurer Alleghany, has likened the world of efficient alternative reinsurance capital to Frankenstein’s monster, describing the market as untested against the “big one” and problematic because of potential incentive misalignments.

For the first time Markel Corporation has revealed how much revenue operations at its reinsurance and retrocession linked investment manager Markel CATCo Investment Management generated, reporting $56.5 million of revenue for 2016.

Eclipse Re Ltd., a private syndicated collateralized reinsurance note platform, has been launched by Bermuda-headquartered ILS management, servicing, transformation and fronting specialist Horseshoe Group and boutique insurance investment banking specialists Rewire Securities LLC.

Here are the ten most popular news articles, week ending 26th February 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.

Specialist primary insurer State National Companies, which provides fronting and program services to the world’s largest insurance-linked securities (ILS) fund manager, Nephila Capital, saw revenues from its Program Services unit increase by 7.9% in 2016.

Global asset management group Schroders saw strong growth across its insurance-linked securities (ILS) investment business in the last year, with assets under management reaching $2.482 billion and high demand causing it to shutter its GAIA cat bond fund.

Aspen Insurance Holdings has expanded its capital markets activities through its Peregrine Reinsurance Ltd. vehicle recently, utilising it for segregated account re/insurance deals for a broader range of risks, backed by third-party investors.