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Eclipse Re in $8.73m private cat bond issuance

Eclipse Re Ltd., the Artex-managed and operated private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform, has completed the issuance of an $8.73 million Eclipse Re Ltd. (Series 2022-2A) transaction in recent days. This is the second privately placed insurance-linked securities (ILS) transaction of 2022 that we read the full article →

Robus names Polson Managing Director, Guernsey

Robus, the insurance management, fiduciary and financial advisory firm that is part of the wider Ardonagh insurance and reinsurance Group, has named Jamie Polson as the new leader of its Robus Guernsey office. Polson has been promoted, in recognition of his efforts at the firm, having previously held the role of read the full article →

Eclipse Re issues $75m private cat bond, its first of 2022

Eclipse Re Ltd., the Horseshoe managed private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform, has completed the first issuance we've seen of 2022, with a $75 million Eclipse Re Ltd. (Series 2022-1A) transaction coming to light. The Eclipse Re Ltd. private catastrophe bond and risk transformer read the full article →

Andre Perez steps down from Chairman role and departs Horseshoe

Andre Perez, the founder and former CEO of Horseshoe, the Bermuda-headquartered insurance or reinsurance management, fund administration, insurance-linked securities (ILS) specialist and Artex company, has stepped down from his Executive Chairman role. The move was not unexpected, as Perez had stepped back from his CEO duties in 2021, with experienced industry read the full article →

Private catastrophe bonds surpass $1bn for first time in 2021

For the first time on-record, annual issuance of privately placed catastrophe bond transactions has surpassed $1 billion in 2021, as these more streamlined insurance-linked securities (ILS) arrangements continued to play an important role for some protection buyers, ILS funds and investors. Private catastrophe bond activity had declined in 2020, as the 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 →

Private cat bonds hit new record $1bn+, as Eclipse Re issues $277m

Eclipse Re Ltd., the Horseshoe managed private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform, has issued four more private cat bond series of notes, together totalling $277 million, which now take private cat bond issuance above $1 billion so far in 2021. It's turned into another read the full article →

Eclipse Re in $45.2m issuance, takes private cat bonds to $740m in 2021

Eclipse Re Ltd., the Horseshoe managed private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform, has issued four new tranches of cat bond notes, totalling roughly $45.2 million, with the four tranches potentially part of the same reinsurance or retrocession program arrangements. Including these latest issues, from read the full article →

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 →