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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 →

Aon’s Randolph Re platform issues $50.25m private cat bond

A $50.25 million private catastrophe bond transaction has been issued around the July renewal by broker Aon's private catastrophe bond issuance and placement platform Randolph Re. This is the first transaction to have come to light from Aon's Randolph Re platform and likely saw the broker helping a cedent to access read the full article →

Hannover Re grew its fronting for ILS business by 7% in 2019

Global reinsurance firm Hannover Re continued to expand its activities in the fronting space, with the volume of limit fronted for insurance-linked securities (ILS) investors and funds increasing by 7% during the year. Hannover Re has positioned itself as one of the key facilitators for the ILS market, with its activities read the full article →

$20m Eclipse Re Ltd. private cat bond issued around April renewal

The Horseshoe managed private catastrophe bond and insurance-linked securities (ILS) issuance and risk transformation vehicle Eclipse Re Ltd. has completed a second issuance of 2020, a $20 million Eclipse Re Ltd. (Series 2020-02A) transaction that came to market around the April reinsurance renewal. Horseshoe's Eclipse Re was one of the most read the full article →

ILS market continues quest to front cedents more efficiently

The insurance-linked securities (ILS) market continues to evolve in the wake of the major catastrophe losses of recent years and one of the most important and ongoing developments is the quest to front cedents as efficiently as possible, A.M. Best explains in a new report. The rating agency highlights challenges that read the full article →

TransRe working to expand strategic capital relationships: Alleghany CEO Hicks

TransRe, the reinsurance arm of Alleghany Corporation, is able to "punch above its weight" in the global reinsurancem market, thanks to its access to efficient third-party capital, Alleghany CEO Weston Hicks said. The Alleghany group is actively working together to help TransRe expand on its strategic capital relationships, to help in read the full article →

First Eclipse Re private cat bond of 2020 comes to market, a $10m issue

The Horseshoe managed private catastrophe bond and insurance-linked securities (ILS) issuance vehicle Eclipse Re Ltd. has completed its first issuance of 2020, a $10 million Eclipse Re Ltd. (Series 2020-01A) transaction. After a busy 2019, when this transformer and private ILS platform was the issuer of at least around $300 million read the full article →

Randolph Re private cat bond platform launched by Aon Securities

Randolph Re, a new private catastrophe bond issuance and placement platform has been launched by the capital market's arm of insurance and reinsurance broker Aon. Aon Securities, the insurance-linked securities (ILS) focused arm of the broker, already had the CATStream offering, which was launched in 2014 and designed to streamline the read the full article →

Eclipse Re issues seventh private cat bond of 2019, a $20m issue

A seventh transaction of the year has now been issued using the Horseshoe Group managed private catastrophe bond and insurance-linked securities (ILS) issuance vehicle Eclipse Re Ltd., which lifts the total risk capital issued using the transformer to almost $300 million in 2019 so far. The Eclipse Re private cat bond read the full article →