Opportunity seen to trade trapped ILS collateral positions: SIFMA speakers

The potential for trapped insurance-linked securities (ILS) collateral positions to be transferred and traded between parties is something that has come in for increasing levels of attention ever since the losses of 2017 and 2018, but still no solution has been found.At first, the effects of trapped collateral and side-pocketed read the full article →

R&Q still looking at sidecars to bring third-party capital into legacy deals

Randall & Quilter (R&Q) Investment Holdings, the specialist non-life insurance and reinsurance legacy investor and program manager, is continuing to explore the potential for third-party capital to assist it on undertaking larger legacy transactions.In announcing its results today, R&Q explained that tapping the appetite of insurance and reinsurance linked investors read the full article →

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 →

Voussoir Re sidecar SPI in $74m Arch Capital linked issuance

Voussoir Re Ltd. is a new collateralized reinsurance sidecar style vehicle which we understand to have been established by Arch Capital as a new third-party capital vehicle.Voussoir Re Ltd. represents a new way that third-party capital is being brought within the Arch universe, as increasingly insurance and reinsurance firms bring read the full article →

R&Q looks to third-party capital sidecars to fund large legacy deals

Specialist non-life insurance and reinsurance legacy investor and program manager Randall & Quilter (R&Q) Investment Holdings is says third-party capital structured through sidecar like arrangements could help it to finance larger run-off deals.R&Q is on the verge of completing its largest ever legacy transaction, an $80.5 million deal to acquire read the full article →

Legacy expert Armour looks to help free capital from trapped ILS assets

Bermuda-headquartered P&C legacy or run-off reinsurance specialist and founder of ILS Investment Management (ILSIM) Armour Group is seeking to put its expertise to work to help ILS funds or investors that have been hit by recent catastrophe losses.Artemis has learned from our sources that Armour Group is actively looking to read the full article →

Enhanzed Re launched by Enstar in partnership with Allianz & Hillhouse

Bermuda domiciled re/insurance, run-off and legacy specialist Enstar Group has partnered with global insurer Allianz SE and investment manager Hillhouse Capital Management to launch a new reinsurer, Enhanzed Reinsurance Ltd. (Enhanzed Re).The joint-venture looks like another efficiency play that will benefit its launch investors, creating a source of efficient reinsurance read the full article →

R&Q hires Bailey as it seeks ongoing innovation in the legacy space

Randall & Quilter, a Bermuda headquartered specialist non-life insurance and reinsurance investor, legacy or run-off transaction service provider and underwriting program manager (amongst other things) has hired Darren Bailey, an executive with ILS and capital markets experience.Randall & Quilter (R&Q) has been known for taking an innovative approach to the read the full article →

RenaissanceRe Ventures investing in run-off through Catalina

RenaissanceRe Ventures, the unit of the Bermudian reinsurance firm that manages investments and third-party capital joint-ventures, is taking a minority investment in run-off specialist Catalina Holdings, demonstrating RenRe's desire to broaden its scope and bring investor capital to new insurance-linked opportunities.Just yesterday we wrote about the attraction run-off opportunities can read the full article →