Third-party reinsurance capital news

Today, we are delighted to reveal the first wave of speakers confirmed for our next insurance-linked securities (ILS) conference. ILS NYC 2024 will be held in New York City on February 9th 2024, with around 400 attendees from the ILS community expected to come together for a day of thought-leadership, discussion and valuable networking.

This video features an insightful panel discussion on ILS investment sentiment from our Artemis London 2023 catastrophe bond and insurance-linked securities (ILS) conference, that was held in London on September 5th 2023.

Vantage Risk, the Bermuda headquartered insurance and reinsurance company, has plans to leverage third-party capital in a broader set of underwriting lines in future and now with over $1.5 billion of capital to deploy using its AdVantage collateralized insurer class of company, 2024 could be the year it expands into non-cat risk, Chris McKeown told […]

The Committee of Unsecured Creditors in the Chapter 11 bankruptcy case of insurtech Vesttoo have filed a request with the court to allow them to conduct legal discovery on the main bank named in the letter of credit (LOC) reinsurance collateral fraud, China Construction Bank.

Artemis has learned that fronting specialist Clear Blue Insurance has filed a lawsuit against broking giant Aon, in relation to the reinsurance letter of credit (LOC) fraud perpetrated by insurtech Vesttoo.

The Alternative Capital Partners (ACP) division of global reinsurance giant Swiss Re has seen continued success in fundraising in recent months, with third-party capital under management rising to $3.3 billion over the course of the third-quarter.

This video features the first keynote speech and Q&A of the day at our Artemis London 2023 catastrophe bond and insurance-linked securities (ILS) conference, that was held in London on September 5th 2023.

Catastrophe exposed commercial property insurance renewals are expected to see some of the biggest rate gains in 2024, as pressure continues and a challenged reinsurance market drives buyers towards alternative solutions, to offset rising rates.

Acting as a front or transformer for insurance-linked securities (ILS) funds and investors is an increasingly important part of global reinsurance firm Hannover Re’s business and there is evidence these activities grew further for the company in the first-half of 2023.

We’re told that the sum total of assets and so value that could be distributed in Vesttoo’s pending liquidation under the bankruptcy proceedings, is estimated to be below $25 million, which suggests creditors that lost significant value due to the reinsurance letter of credit (LOC) fraud are likely to be left unsatisfied, so may look […]