Latest Insurance Linked Securities Headlines
All the headlines from our Insurance Linked Securities Topic Page, ordered by recency.
Nephila Launches Independent Lloyd’s Managing Agency
Sep 10 2019 // Nephila Capital, the Bermuda-based specialist ILS re/insurer and investment manager, has received UK regulatory approval to establish its own Lloyd’s managing agency. The new entity, Nephila Syndicate Management Ltd....
Hiscox Re & ILS Promotes Dolphin to Director of Underwriting, Lee to COO
Aug 1 2019 // Specialist Bermuda-based insurer Hiscox announced two new appointments within Hiscox Re & ILS. Andrew Dolphin has been appointed director of Underwriting – London, replacing Megan McConnell who is relocating to...
Markel Puts CATCo into Run-Off and Launches New Retrocessional ILS Platform
Jul 26 2019 // Markel Corp. announced it is putting its Bermuda insurance linked securities unit, Markel CATCo, into run-off at the same time it announced it is launching a new retrocessional ILS fund platform, which will be ready to...
Aon Hires 2 Former Co-Heads of JLT’s Insurance-Linked Securities Unit
Jun 11 2019 // Aon Securities, the insurance-linked securities unit of Aon, announced it has hired Michael Popkin and Rick Miller, the former co-heads of JLT Capital Markets. Miller and Popkin start their new roles with immediate effect,...
Reinsurer SCOR Acquires Fund Manager Specializing in Insurance Linked Securities
May 23 2019 // French reinsurer SCOR said it had agreed to buy 100% of Coriolis Capital, an asset manager specialized ininsurance-linked securities, for an undisclosed amount. Coriolis Capital invests mainly in natural disaster bonds,...
SCOR Investment Partners Promotes Rostan as Head of Insurance-Linked Securities
Mar 28 2019 // SCOR Investment Partners announced the promotion of Sidney Rostan as head of Insurance-Linked Securities (ILS), effective April 1, 2019. Sidney Rostan replaces Vincent Prabis, who is leaving the company to take a different...
Insurance Linked Securities Market Grows to $93B in 2018: Willis Re
Feb 18 2019 // Growth of the insurance linked securities (ILS) market reached $93 billion in 2018, up from $88 billion during the prior year, according to the new ILS Market Update from Willis Re, the reinsurance division of Willis...
Insurance Linked Securities Market Grows to $93B in 2018: Willis Re
Feb 1 2019 // Growth of the insurance linked securities (ILS) market reached $93 billion in 2018, up from $88 billion during the prior year, according to the new ILS Market Update from Willis Re, the reinsurance division of Willis...
PIMCO and Allianz Partner to Launch Insurance Linked Securities Business
Jan 28 2019 // PIMCO, the Newport Beach, Calif.-based fixed income investment manager, has hired Rick Pagnani from Mt. Logan Re as executive vice president, to lead the launch of the firm’s property and casualty insurance linked...
2019 Cyber Insurance Predictions: Strong Drivers for Growth Ahead
Jan 15 2019 // Cyber insurance is trending upward, the industry is growing, and the technology around it is evolving at a very quick pace. While predictions are always hard to make, here are five trends that are likely to catapult the...
Liberty Mutual Again Taps Capital Markets Via Reinsurance Sidecar, Limestone Re
Jan 9 2019 // Liberty Mutual has once again directly tapped capital markets’ reinsurance capacity via the Bermuda collateralized reinsurance sidecar, Limestone Re Ltd. Limestone Re provides approximately $150 million of...
Neon Sponsors 2nd ILS Transaction via UK Transformer Vehicle NCM Re
Jan 8 2019 // Neon announced it successfully has raised third party capital to support its second insurance linked securities (ILS) transaction through its UK-based transformer vehicle, NCM Re. This marks the first reinsurance renewal...
Brit Launches Sussex Capital UK to Write Collateralized Reinsurance
Nov 19 2018 // Brit Ltd., the specialty insurer and reinsurer, announce the launch of Sussex Capital UK PCC Ltd., a new multi-arrangement insurance special purpose vehicle (MISPV). Sussex Capital UK is the first transformer vehicle to be...
Markel Completes Acquisition of Investment Manager Nephila
Nov 15 2018 // Specialty insurer Markel Corp. has completed its acquisition of Nephila Holdings, an investment manager specializing in reinsurance risk. According to the transaction that was first announced in August, Nephila will...
Insurance Linked Securities’ Issuance Reaches Record $1.6B in Q3: Willis Re
Nov 6 2018 // The issuance of non-life insurance linked securities during the third quarter reached a record $1.6 billion, according to a report published by Willis Re. The total exceeds the former Q3 record of $1.4 billion achieved in...
Neuberger Berman Expands ILS Platform with Purchase of Cartesian Re, Iris Re
Nov 2 2018 // Investment manager Neuberger Berman Group has acquired an asset manager and an affiliated reinsurer, which manage funds of more than $1 billion and focus on insurance-linked strategies. New York-based Cartesian Re and its...
Insurance Linked Securities Move from ‘Alternative’ to Mainstream: WTW Survey
Oct 24 2018 // The insurance-linked securities (ILS) market is here to stay, said a new survey from Willis Towers Watson. End investors, ILS funds, and buyers – the three groups active in ILS – have predominantly weathered 2017 loss...
Insurers, Reinsurers Can Handle Hurricane Michael Losses: Fitch
Oct 12 2018 // The property/casualty re/insurance industry should be able to absorb the losses from Hurricane Michael, on top of losses from Hurricane Florence, as capital remains very strong, according to Fitch Ratings. Hurricane...
Iran Eyes Introduction of Insurance-Linked Securities as Alternative to Reinsurance
Oct 3 2018 // Iran is developing a range of new financial products, from Islamic bonds to warrants and insurance-linked securities, in an effort to give local firms more funding options as sanctions put pressure on the economy. The...
Is the Reinsurance Cycle Dead or Just Dormant? Executives Discuss New Realities
Oct 2 2018 // Many reinsurance executives have been left scratching their heads in surprise after last year’s natural catastrophes, which cost a whopping $100 billion but ended up having very little impact on rates. The insurance...
