Latest Insurance Linked Securities Headlines
All the headlines from our Insurance Linked Securities Topic Page, ordered by recency.
ILS Capital’s Prospero Re Gets Bermuda Regulator Nod to Write Traditional Reinsurance
Dec 3 2020 // Prospero Re Ltd., a reinsurance company wholly owned by ILS Capital Management with $250 million in statutory capital, has received Bermuda Monetary Authority (BMA) approval of its amended business plan, allowing it to...
Hiscox Appoints Former Hamilton Executive Reardon as CEO of Hiscox Re & ILS
Oct 21 2020 // Hiscox Ltd., the international specialist insurer, announced the appointment of Kathleen Reardon as CEO of Hiscox Re & ILS, subject to regulatory approval. Reardon succeeds Mike Krefta, who, as announced in August,...
Krefta, CEO of Hiscox Re & ILS, to Exit Hiscox to Pursue Interests Outside of Insurance
Aug 3 2020 // Hiscox, the global specialist insurer, announced that Mike Krefta has decided to return to the UK in early 2021, having completed almost four years as CEO of Hiscox Re & ILS based in Bermuda. After 17 years with...
COVID-19 Couldn’t Stop Robust Quarter for ILS Issuance: Aon
Jul 31 2020 // Usage of insurance linked securities the first six months of 2020 is already 20% higher than all of 2019, underscoring the sector’s momentum and resilience even with the coronavirus pandemic, Aon Securities said in a...
Investment Manager Nephila Capital to Launch Lloyd’s Syndicate with ILS Specialty
Jun 24 2020 // Nephila Capital announced that the Lloyd’s Council has given in-principle approval to Nephila’s plan to form a new syndicate. Bermuda-based Nephila is the largest institutional asset manager dedicated to...
Markel Estimates COVID-19 Losses of $325 Million
Apr 30 2020 // Diverging from strategies of some competitors, Markel Corp. established a big reserve for a chunk of its potential COVID-19 exposure for the entire year—putting up $325 million for direct potential losses. The holding...
Hong Kong-Based Peak Re to Acquire Bermuda ILS Asset Manager Lutece
Apr 8 2020 // Peak Reinsurance Co. Ltd. has entered into definitive agreements to acquire 100% of the capital of Lutece Holdings Ltd. and its subsidiary Lutece Investment Management Ltd., a Bermuda-based insurance linked securities...
This Insurance Would Have Helped in Coronavirus Crisis But Nobody Bought It
Apr 3 2020 // Like everyone else, Peter Lacovara is coping with COVID-19, working at home to limit contagion to the coronavirus and stay healthy. He’s also plugging away trying to keep businesses healthy, as well. In his role as a...
Reinsurers ‘Smoothly’ Navigated April Renewals, Despite Working from Home: Willis Re
Apr 1 2020 // Reinsurers were able to complete the April renewals smoothly, despite being forced to move to the new working-from-home model after the COVID-19 outbreak, according to Willis Re. “The global reinsurance market has...
Canopius Acquires Bermuda-Based Specialty Reinsurer Multi-Strat Holdings
Mar 16 2020 // Canopius Group Ltd. has purchased a majority stake in Bermuda-based Multi-Strat Holdings Ltd. Financial details of the transaction were not disclosed. MultiStrat is a specialty reinsurance group that writes both...
January 2020 Reinsurance Renewals Varied Significantly, Brokers Say
Jan 13 2020 // The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss record and client relationships, according to two reports published by...
Hamilton Rebrands ILS Platform as Hamilton ILS, Promotes Ali as New Lead Executive
Jan 10 2020 // Hamilton Insurance Group Ltd. announced its insurance-linked securities (ILS) platform has a new name and a new lead executive. Formerly called Hamilton Capital Partners, the platform is now Hamilton ILS. Hanni Ali moves...
January 2020 Reinsurance Renewals Varied Significantly, Brokers Say
Jan 6 2020 // The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss record and client relationships, according to two reports published by...
Brit Launches the First ILS Fund at Lloyd’s
Dec 9 2019 // Specialty insurer Brit Ltd. has launched Sussex Specialty Insurance Fund to offer insurance linked securities (ILS) investors access to Lloyd’s risk. It is the first ILS fund in the Lloyd’s of London...
Gallagher’s Artex Risk Completes Purchase of ILS Specialist Horseshoe Insurance
Nov 18 2019 // Arthur J. Gallagher & Co. announced its captive and alternative risk transfer solutions subsidiary, Artex Risk Solutions Inc., has completed its purchase of Bermuda-based Horseshoe Insurance Services Holdings...
Reinsurers’ Earnings to Be Hit After 3rd Year of Major Claims: AM Best
Oct 23 2019 // Reinsurers’ earnings are likely to see further erosion in 2019 after another year of major catastrophe losses, which is prolonging the positive momentum for reinsurance pricing, according to AM Best. “Three...
Artex Acquires Bermuda-Based ILS Specialist Horseshoe Insurance Services Holdings
Oct 4 2019 // Artex Risk Solutions, the captive and alternative risk management solutions subsidiary of Arthur J. Gallagher & Co., announced it has reached agreement to acquire Horseshoe Insurance Services Holdings Ltd., which will...
Markel Hires Slade from Hamilton Capital as President of New ILS Fund, Lodgepine
Sep 19 2019 // Markel Corp. announced it has hired Brenton “Brent” Slade as president of Lodgepine Capital Management Ltd., its new retrocessional insurance linked securities (ILS) fund based in Bermuda. Slade comes to...
Markel Launches Bermuda Retrocessional ILS Platform, Lodgepine Capital Management
Sep 12 2019 // Markel Corp. announced the launch of Lodgepine Capital Management Ltd., its new retrocessional Insurance Linked Securities (ILS) fund manager in Bermuda, together with a reinsurance company, Lodgepine Re. Lodgepine’s...
Insurance Linked Securities in 2019: Asking the Right Questions
Sep 11 2019 // The record losses we saw in 2017 and 2018 were felt heavily by the insurance industry, and there is no denying that two years of losses have affected investor sentiment. While such a statement is hardly surprising, it is...
