third-party reinsurance capital


Horseshoe hires DeSilva as SVP, ILS Strategic Initiatives & Business Development

Horseshoe, the Bermuda-headquartered insurance or reinsurance management, fund administration, insurance-linked securities (ILS) specialist, has announced a new hire, appointing Jasmine DeSilva as Senior Vice President, ILS Strategic Initiatives & Business Development. DeSilva was most recently an employee of the Bermuda Business Development Agency (BDA) where she worked as its Business Development read the full article →

Everest Re targets “significant” Mt. Logan growth, expanded ILS capital use: CEO

Everest Re is aiming to expand its access to third-party and alternative sources of reinsurance capital, with growth of its Mt. Logan Re sidecar-like structure seen as a key strategic opportunity, according to its CEO. Third-party capital is seen as one of global re/insurer Everest Re's three reinsurance strategy drivers, the read the full article →

Hong Kong ILS enquiries already received from potential sponsors

It increasingly looks like Hong Kong could break into the insurance-linked securities (ILS) market before too much longer, as with details of its ILS grant pilot now available, one local law firm said it is already receiving enquiries from potential sponsors. Back in February, Paul Chan, the Financial Secretary of Hong read the full article →

Langhorne Re names Andrew Markus CEO, as Pestcoe retires

Langhorne Re, the joint-venture, third-party capital backed life and annuity reinsurance firm launched by Reinsurance Group of America (RGA) in partnership with RenaissanceRe (RenRe), has promoted its Chief Operating Officer and General Counsel  Andrew Markus to become Chief Executive Officer (CEO), Bermuda. Langhorne Re was launched at the beginning of 2018 read the full article →

Inflation to “sharply increase” hurricane claims costs, warns Swiss Re

Swiss Re has warned that insurance and reinsurance firms will face increased indemnity costs after land-falling hurricanes in the United States this year, as inflationary factors are set to drive claims amounts higher. In summarising what to expect from the 2021 Atlantic hurricane season, according to the forecasts, Swiss Re also read the full article →

CFC gets ILS & pension fund backing for Syndicate 1988 launch

Specialist cyber focused underwriter CFC has announced that backing for its newly launched Lloyd's Syndicate 1988 includes an insurance-linked securities (ILS) fund, a large pension fund, and also reinsurance firms based in Bermuda, Cayman and Japan. It's a vote of confidence for CFC's cyber underwriting, with the company acknowledged as one read the full article →

Lloyd’s Central Fund cover has no direct ILS participation

There isn't any direct participation from insurance-linked securities (ILS) funds or investors in the £650 million reinsurance or retrocession protection Lloyd's has purchased to cover its Central Fund, despite nearly 70% of it being collateralised. As we explained earlier this morning, Lloyd's has secured an innovative cover for its Central Fund read the full article →

Lloyd’s secures £650m Central Fund cover, £450m of it collateralised

Lloyd's, the London insurance and reinsurance marketplace, has secured a £650 million cover for its Central Fund, with £450 million of it provided by an investment bank and fully collateralised, according to a report. The FT reported first this morning that Lloyd's has taken the plunge and secured a reinsurance or read the full article →

Cat bond activity may give multi-strategy funds room to expand

The acceleration of activity in the global catastrophe bond market over the last few months could now drive an opportunity for a number of multi-strategy investment funds to expand, as the availability of paper has increased even causing some investment managers to lift the shutters on closed funds, we understand. Which read the full article →

Higher prices driving stabilisation of peak US wind exposures

Major insurance and reinsurance companies that had been pulling-back on peak US wind over recent years are being seen to stabilise their exposures in reaction to the higher-priced opportunity coastal risk presents, according to analysts and our sources. The prolonged softening of property catastrophe reinsurance rates over almost a decade up read the full article →