third-party reinsurance capital


Gallagher Re has opportunity to accelerate ILS sales: James Kent & Pat Gallagher

With the completion of its acquisition of the treaty reinsurance business of Willis Towers Watson, Arthur J. Gallagher and its reinsurance unit Gallagher Re has an opportunity to accelerate sales of insurance-linked securities (ILS), its senior executives told Artemis. Speaking in an interview with Artemis just after the acquisition of Willis read the full article →

RenRe Capital Partners hires Sompo’s Varwandkar as cat bond PM

RenaissanceRe Capital Partners has made another key hire, adding Manjit Varwandkar as a Portfolio Manager for the firm's catastrophe bond investments focused Medici Fund strategy. The third-party capital management and insurance-linked securities (ILS) unit of Bermuda-headquartered reinsurance firm RenaissanceRe (RenRe) has been expanding its team of specialists in recent months, with read the full article →

Gallagher Re grows significantly, as AJG completes Willis Re acquisition

Arthur J. Gallagher & Co. has announced this morning that it has now completed its acquisition of substantially all of the treaty reinsurance brokerage operations from Willis Towers Watson plc., so the Willis Re unit, which will now join and trade under its Gallagher Re brand. With this completion, Gallagher Re read the full article →

UK publishes legislation to exempt ILS from Stamp Duty taxes

The UK Government’s HM Revenue & Customs (HMRC) has now published draft legislation through which it aims to exempt insurance-linked securities (ILS) issuance and reinsurance transformer vehicle issued notes from any Stamp Duty taxes, to help encourage ILS activity in the United Kingdom. Earlier this year, in March, the UK Government read the full article →

Some ILS funds set for third & fourth consecutive negative month

Some insurance-linked securities (ILS) funds have reported their third and in some cases have, or are set to report a fourth negative month of returns in a row, as greater clarity over the magnitude of losses from the European flooding and hurricane Ida continues to emerge. According to our ILS market read the full article →

Horseshoe hires EY’s Ben Wright in Bermuda

Horseshoe, the Artex-owned Bermuda-headquartered insurance or reinsurance management, fund administration and insurance-linked securities (ILS) specialist, has hired Ben Wright as a Senior Vice President, Insurance Management. Wright joins the company after working at Ernst & Young (EY) in Bermuda for more than a decade, where he gained asset management, insurance-linked securities read the full article →

Market anticipates broad firming at Jan 2022 reinsurance renewals: Survey

Global reinsurance market participants are anticipating broad firming at the upcoming January 2022 renewal season, with retrocession and property catastrophe risks seen as areas in need of price improvements. This is according to our latest global reinsurance market survey, undertaken alongside sister publication Reinsurance News, which analysed market opinion at a read the full article →

RenaissanceRe Capital Partners hires Briggs as Head of Risk

RenaissanceRe Capital Partners, the third-party capital management and insurance-linked securities (ILS) unit of Bermuda-headquartered reinsurance firm RenaissanceRe (RenRe), hired Lucy Briggs as Vice President and Head of Risk earlier this year. Briggs joined the RenaissanceRe Capital Partners team from her most recent role at Willis Towers Watson in June. In the Head read the full article →

Commercial property claims up, but demand increasing, capacity rising

The US commercial property insurance market has always been a good bellwether for broader conditions across insurance as well as reinsurance and after a catastrophe heavy third-quarter of 2021, the dynamics in that market continue to get more interesting. As we've been documenting, rates for the catastrophe exposed areas of property read the full article →

Lloyd’s syndicates frustrated by LCM5. Perhaps London Bridge Risk can help?

According to a study undertaken by Aon’s UK Capital Advisory team alongside the Lloyd’s Market Association (LMA), some syndicates at Lloyd's have been frustrated by the LCM5 catastrophe controls, while not every player has an appetite for third-party capital or to use the London Bridge Risk PCC ILS structure. An online read the full article →