Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has announced it has secured $270 million of capital from five new institutional and family office investors to support exciting growth opportunities in 2023. Ariel Re …
Lloyd’s announced it has received regulatory approval to set up a second protected cell company (PCC), which aims to enhance market accessibility for investors – a key deliverable of the Future at Lloyd’s project. Lloyd’s previously announced a number of …
Lloyd’s announced it has received regulatory approval to set up a new multi-insurance special purpose vehicle, which aims to attract new forms of capital. A key milestone for the Future at Lloyd’s strategy, the new platform will make it easier …
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 under the UK’s nascent regulatory regime for alternative capital …
Neon announced it has launched the first ILS vehicle in the UK, NCM Re (UK PCC) Ltd., and raised third party capital to support the UK’s first ILS transaction. NCM Re is the first UK-domiciled protected cell company, which utilizes …
Randall & Quilter Investment Holdings Ltd. has acquired Agency Program Insurance Co. (SAC) Ltd., a Bermuda-based segregated accounts captive company with 28 cells. London-based Randall & Quilter (R&Q) is paying $1.4 million in cash from existing resources to acquire APIC, …
Artex Risk Solutions announced it has entered into a definitive agreement to acquire the cores of Guernsey-domiciled Hexagon Insurance PCC Ltd. and its subsidiaries. All regulatory approvals have been received and the deal is expected to close on March 31, …
Willis Global Captive Practice, a unit of Willis Group Holdings plc, today announced it has set up a Willis-owned and managed protected cell company (“PCC”) insurance facility in Vermont. Willis announced that the new facility, Encore Insurance PCC Ltd., will …
European and Latin American insurance and reinsurance brokerage and risk consulting provider, MDS Group, announced the launch of HighDome PCC Ltd, a protected cell company, “to provide alternative risk financing services including self insurance facilities, access to reinsurance markets, and …
