Transformer (in insurance-linked securities and reinsurance) news

Strategic Risk Solutions, Inc., an independent provider of insurance, reinsurance and captive management and consulting services, has promoted long-standing employee Andrew Hupman as its new head of office for SRS Bermuda.

Another private catastrophe bond has come to market recently, as we’ve learned of a new $37.5 million Eclipse Re Ltd. (Series 2025-1A) privately transacted and placed insurance-linked securities (ILS) arrangement, the second such deal from the Eclipse Re transformer so far in 2025.

We’ve learned of a new $25 million Eclipse Re Ltd. (Series 2025-2A) private catastrophe bond arrangement, which is the first issuance from the Eclipse Re platform that we have reported on this year.

Hannover Re’s insurance-linked securities (ILS) market facilitation activities continued to expand in 2024, with the number of collateralised reinsurance participations fronted for investors rising, while its catastrophe bond fronting also grew to a new record level.

Insurance-linked securities (ILS) focused solution provider Jireh Risk Advisors Ltd. has announced a partnership with independent insurance manager Strategic Risk Solutions (SRS) in Bermuda, that will see the pair delivering ILS related services, including risk transformation through a newly launched SPI, Strata ILS Ltd.

We’ve learned of another private catastrophe bond transaction brought to market through the Artex Capital Solutions managed Eclipse Re Ltd. vehicle, with a $5 million Eclipse Re Ltd. (Series 2024-8A) now the eighth private or cat bond lite issuance from this structure in 2024 so far.

For global reinsurance firm Hannover Re, the business of collateralized fronting, where the company fronts reinsurance cedents for ILS investors and funds, is seen as a very important element of its business and an area of growth, executive Thorsten Steinmann said this week.

Back on July 10th we reported on a new $45.5 million Randolph Re (Series 2024-1) private catastrophe bond that appeared to be a renewal of a wildfire transaction for Mercury Insurance and for the first time Aon had used its Guernsey based protected cell company White Rock Insurance Company PCC Limited for the issuance.

Two more series of private catastrophe bond notes have been issued by the Artex Capital Solutions managed Eclipse Re Ltd. vehicle, with these new deals amounting to almost $12.5 million in risk capital, taking total private catastrophe bond issuance for 2024 so far to nearly $400 million, according to Artemis’ data on the cat bond […]

Global reinsurer Hannover Re has seen continued success in its business servicing and facilitating transactions in the collateralised reinsurance and insurance-linked securities (ILS) market in the first-half of 2024, with it notably beating its own full-year record for catastrophe bond limit fronted for already this year.