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Diversification needs will drive casualty ILS growth: MultiStrat Advisors CEO

The insurance-linked securities (ILS) market is ripe for expansion in the casualty space and growth is being driven by the diversification and capital deployment needs of ILS fund managers, according to Jim Robinson, the Chief Executive Officer (CEO) of MultiStrat Advisors Inc.After high levels of catastrophe losses in both 2017 read the full article →

Praedicat aims to help ILS enter the casualty space: CEO Reville

Robert Reville, Chief Executive Officer (CEO) of Praedicat, an InsurTech risk modelling and analytics company for casualty re/insurers, has claimed that the company’s approach to disease litigation may create an opportunity for ILS to enter into the casualty space.Praedicat uses scientific literature to model more than 60,000 potential disease litigation read the full article →

Casualty linked securities gain traction for MultiStrat

MultiStrat continues to close new casualty linked securities (CLS) transactions, with another deal announced this week taking the total capital invested in these unique casualty ILS deals to $60 million, covering estimated premiums of $230 million.MultiStrat's latest casualty linked security (CLS) deal features high-frequency low-severity casualty insurance or reinsurance business, read the full article →

Praedicat raises $6m for casualty cat model development

Praedicat, a leading casualty catastrophe risk modelling company, has secured a $6 million Series AA round of investment, from sources including existing investor catastrophe risk modelling specialist Risk Management Solutions, Inc. (RMS) and Jacques Dubois.Praedicat hopes the investment will accelerate its growth, by funding the development of its latency casualty read the full article →

Future of casualty linked securities is “very bright,” Robinson, CEO, MultiStrat Advisors

In an interview with Artemis, Jim Robinson of MultiStrat Advisors Inc. recently discussed the novel casualty insurance-linked securities (ILS) transaction the firm arranged for HSCM Bermuda, the ILS, reinsurance and transportation finance investment firm established by ex-Goldman Sachs structured finance head Michael Millette.Jim Robinson is the Chief Executive Officer (CEO) read the full article →

Hudson Structured & MultiStrat complete novel casualty ILS transaction

Insurance and reinsurance specialist investment manager Hudson Structured Capital Management is allocating to a novel third-party liability, or casualty risk, transaction that has been arranged by MultiStrat Advisors Ltd., enabling it to access the returns of workers' compensation insurance risks.The underlying transaction sees $35.3 million of seasoned workers’ compensation liabilities read the full article →

Workers compensation could be a candidate for catastrophe bonds: A.M. Best

In an article published yesterday on its BestWire service, rating agency A.M. Best discussed the maturation of the catastrophe bond market, citing the near record levels of issuance in 2012 as evidence of a rapidly maturing market. While the market may be maturing, A.M. Best agree with our position that read the full article →

Workers comp cat bond notes issued by Golden State Re list in Bermuda

The Golden State Re Ltd. catastrophe bond, which completed recently to provide the California State Compensation Insurance Fund (SCIF) with protection for certain workers compensation claims resulting from major earthquakes, has now had the cat bond notes it issued approved for listing on the Bermuda Stock Exchange (BSX).The Golden State read the full article →

RMS performs risk analysis for Golden State Re Ltd. cat bond

Risk Management Solutions (RMS) provided risk modelling, analysis and acts as calculation agent for the recently closed $200m Golden State Re Ltd. catastrophe bond. The innovative deal provides cover for workers compensation claims that result from earthquakes and as such the modelling aspect is unique in the cat bond market read the full article →

Willis and Chadbourne comment on their roles in Golden State Re workers comp cat bond

The recently completed Golden State Re Ltd. catastrophe bond, designed to provide the California State Compensation Insurance Fund (SCIF) with a source of reinsurance cover for workers compensation claims resulting from major earthquakes, has been hailed as groundbreaking by many. The linkage this deal provides between earthquake losses and the read the full article →