transformer

Share

FEMA plans new NFIP flood cat bond, seeks reinsurance transformer

The U.S. Federal Emergency Management Agency (FEMA) is planning to sponsor another FloodSmart Re catastrophe bond to provide flood reinsurance to the National Flood Insurance Program (NFIP) and is seeking proposals from potential reinsurance transformer partners. FEMA has secured $1.775 billion of collateralized reinsurance from the capital markets across four catastrophe read the full article →

Mercury gets $50.7m CA wildfire cat bond via Aon’s Randolph Re platform

Mercury Insurance, a California headquartered property casualty insurer, has secured $50.7 million of California wildfire reinsurance protection through a Randolph Re (Series 2021-1) private catastrophe bond issued using Aon's platform. This is the second transaction to come to light that has used broker Aon’s private catastrophe bond issuance and placement platform read the full article →

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 →

Eclipse Re Ltd. private cat bond platform in $8.7m issuance

Eclipse Re Ltd., the Horseshoe managed private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform, has completed its second issuance of this year, with an $8.7 million Eclipse Re Ltd. (Series 2021-02A) deal coming to light. The Eclipse Re platform issued almost $107 million of listed private read the full article →

Horseshoe names Kathleen Faries CEO, Perez to become Executive Chairman

Horseshoe, the Bermuda-headquartered insurance or reinsurance management, fund administration, insurance-linked securities (ILS) specialist and Artex company, has appointed well-known industry executive Kathleen Faries as its new CEO. Andre Perez, the founder and current CEO of Horseshoe will take on the new role of Executive Chairman, remaining involved in the business as read the full article →

Eclipse Re private cat bond platform in $80m deal, its first of 2021

Eclipse Re Ltd., the Horseshoe managed private syndicated collateralised reinsurance note, private catastrophe bond issuance and transformer platform, has brought its first deal to market of 2021, an $80 million Eclipse Re Ltd. (Series 2021-01A) issuance. Last year, the Eclipse Re platform was responsible for almost $107 million of listed private read the full article →

Ardonagh gets ILS servicing expertise, as Geo acquires Robus

Ardonagh Group, the largest independent insurance broking, underwriting, servicing and management company in the UK, has now added insurance-linked securities (ILS) servicing and management to its range of offerings, as its managing general agent Geo Underwriting has acquired insurance manager Robus Group. Management, fiduciary and financial advisory group Robus provides a read the full article →

Private cat bond platform Eclipse Re issues $20m deal, its fifth of 2020

Private catastrophe bond transformer and transaction platform Eclipse Re Ltd. has completed its fifth listed insurance-linked securities (ILS) issuance of 2020, with a nearly $20 million Eclipse Re Ltd. (Series 2020-06A) deal that has been privately placed with qualified investors. The Horseshoe managed private syndicated collateralised reinsurance note and private cat read the full article →

Collateral held in trust for ILS transactions rises 11% for Hannover Re

Global reinsurance firm Hannover Re has been quietly expanding its activities in the insurance-linked securities (ILS) space for some time, as a key facilitators for collateralised transactions and acting as a front for certain ILS funds and investors. Every so often, more details emerge on the growth of this side of read the full article →

Eclipse Re issues two private cat bonds totalling $56.6m

Eclipse Re Ltd., the Horseshoe managed private syndicated collateralised reinsurance note and private cat bond platform, has completed two new transactions, amounting to just under $56.6 million of risk capital issued around the mid-year renewal season. Eclipse Re Ltd. is a Bermuda domiciled special purpose insurer (SPI) and segregated account company read the full article →