Latest Insurance Linked Securities Headlines
All the headlines from our Insurance Linked Securities Topic Page, ordered by recency.
Tokio Solution Appoints Agnew as Vice President, ILS Portfolio Management
Jan 21 2016 // Bermuda-based Tokio Solution Management Ltd., a wholly owned subsidiary of Tokio Millennium Re AG, has appointed Butch Agnew as vice president, ILS Portfolio Management. Agnew has over 15 years of experience in capital...
ILS Market Hits New Record of $70B in 2015: Willis Capital Markets & Advisory
Jan 20 2016 // Total non-life insurance linked securities (ILS) capital reached a record $70 billion at year-end 2015 – topping the previous record of $65 billion at year-end 2014, according to the latest ILS market update from Willis...
Capital Stabilizes, Prices Keep Softening During Jan. 1 Renewals: Guy Carpenter
Jan 6 2016 // Reinsurance capital levels stabilized during the Jan. 1, 2016 renewals – showing no growth for the first time in several years – and prices continued to soften, according to Guy Carpenter & Co.’s global...
Willis Capital Market Report Finds Decline in ILS Issues as Growth Stabilizes
Oct 21 2015 // According to the latest ILS report from Willis Capital Markets & Advisory (WCMA), part of Willis Group Holdings plc, “$650 million of non-life Rule 144A catastrophe bond capacity was issued across three...
Hiscox’s ILS Unit, Kiskadee, and Hiscox Re Announce 3 Senior Appointments
Oct 15 2015 // Bermuda-headquartered Hiscox Re’s insurance linked securities (ILS) operation, Kiskadee Investment Managers, announced that Andrew Hughes will assume the role of ILS chief compliance officer and general counsel,...
Amtrak Sponsors $275M Cat Bond for Northeast Storm Surge, Wind, Quake
Oct 14 2015 // Amtrak is getting $275 million of reinsurance protection from the capital markets for its wholly owned captive, covering storm surge, wind and earthquake perils, according to GC Securities. GC Securities, the capital...
Cardinal Re Launch Takes Hiscox’s ILS Assets to More Than $600 Million
Sep 14 2015 // Kiskadee Investment Managers, Hiscox Re’s insurance linked securities (ILS) operation, has launched Cardinal Re Ltd., a Bermuda-domiciled special purpose insurer designed to transform collateralized insurance and...
Sequant Re Names Baillargeon as Chief Underwriting Officer
Sep 14 2015 // Bermuda-based Sequant Re appointed Victor Baillargeon as chief underwriting officer. With over 35 years of underwriting experience, Baillargeon will lead the development of Sequant Re’s underwriting strategies that...
New ILS Records Set During 12 Months Ended June 30: Aon Securities Report
Sep 11 2015 // Annual catastrophe bond issuance reached $7.0 billion – a decrease on the record-breaking prior year ($9.4 billion), yet still the third highest annual issuance in the sector’s history, according to Aon Securities,...
Markel Corp. to Acquire CATCo, Bermuda-Based ILS Specialist
Sep 10 2015 // Markel Corporation and CATCo Investment Management Ltd. announced they have entered into an agreement whereby Markel will acquire substantially all of the assets of CATCo, a Bermuda-based specialist in insurance linked...
A.M. Best: Reinsurance Sector Faces New Reality Shaped by Abundant Capacity
Sep 3 2015 // The reinsurance market is operating in a new reality of abundant capacity from traditional and alternative sources, low interest rates and thinner reinsurance margins, driven by intense competition against shrinking demand...
ILS Puts Reinsurance Market on a New Course: Twelve Capital’s Butler Explains How
Aug 19 2015 // Zurich-based Twelve Capital is only five years old, but it, along with similar companies, has already fundamentally altered the reinsurance industry. It’s taken a remarkably short period of time for...
S&P: ILS Investors Could Get Burned as Covered Perils Expand, Terms Widen
Aug 19 2015 // The catastrophe bond market will continue to grow by 10 to 20 percent per year, driven in part by the increase in covered perils and the broadening of event definitions, according to a report published by Standard &...
Willis Capital Sees More Strategic Restructuring in Reinsurance Programs
Jul 17 2015 // The reinsurance industry has seen more strategic restructuring within many Florida reinsurance programs in the first half of 2015, with commensurate gains for shareholders and policyholders, according to the latest...
Q2 Cat Bonds Issuance Nearly $3 Billion: Aon Securities Report
Jul 16 2015 // Aon Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, has released its latest report –”Insurance-Linked Securities Second Quarter 2015 Update”...
Reinsurance Industry Faces Uncertain Future as Time Moves On
Jul 2 2015 // It’s around two months until the annual Reinsurance Rendezvous in Monte Carlo, where the reinsurers, brokers, carriers, lawyers, accountants and cat modelers discuss the state of their industry. That industry, until...
ILS Products Are Changing Reinsurance Industry Norms: ‘Acts of God’ Author
Jul 1 2015 // Second of two articles In the first article in this series, Paula Jarzabkowski, professor of Strategic Management at Cass Business School, City University London, discussed the findings of her book on the reinsurance...
Insurance Linked Securities Specialist Nephila Hired by Blackstone Vehicle
May 20 2015 // A Blackstone Group LP vehicle offering hedge fund strategies to mutual fund investors plans to allocate money to a firm backed by rival KKR & Co. The Blackstone Alternative Multi-Strategy Fund is hiring Nephila Capital...
Catastrophe Bond Issuance Breaks New Q1 Record: Aon Benfield Report
Apr 16 2015 // Catastrophe bond issuance for the first quarter reached a record $1.7 billion – higher than any other first quarter issuance in the history of the insurance linked securities sector (ILS), according to a report published...
Willis Re 1st View Report: Cycle Strained; ILS Funds Not Immune
Apr 1 2015 // “The urgent – and ever increasing – need for change across the reinsurance industry as it forms a new paradigm” is the subject discussed in Willis Re’s latest “1st View” renewals...
