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The sidecar was launched today by the Bermudian reinsurer and investment firm Carlyle. -
The capital will provide retro cover for life-focused reinsurer Fortitude Re.
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Investor interest is warming up following a colder spell over the past several years.
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ILS has been a driver of innovation in reinsurance, Convergence 2025 attendees heard Wednesday.
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The carrier will continue to write assumed retro in Bermuda.
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Key topics include private ILS growth prospects and the longevity of longtail interest.
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A cat-focused vehicle is “the missing piece” of Hannover Re’s ILS offerings, said Silke Sehm.
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Founder and CEO of Nascent Andre Perez will join Sephira’s board of directors.
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Improved performance and growing investment returns played a role in the upgrade.
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Winds have strengthened to 80 mph, and the hurricane is expected to intensify further over the next 48 hours.
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Bellal Rahman joins from Catalina Life Re, where he was head of finance for two years.
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Marlon Williams will focus on the placement of reinsurance and retro business.
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The new Verisk SCS model is increasing expected losses on aggregate bonds.
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The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
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In the new role, Edward Johnson will be rejoining former Aon Securities colleague Chris Parry.
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The Bermuda firm said HS Sawmill reflected its continued focus on life insurance.
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The ILS services specialist has worked in the ILS market in Bermuda for 10 years.
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The resource was developed by leading ILS managers and investors.
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The Bermuda reinsurer has been active in ILS since launching in 2007.
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Vantage Group Holdings received a BBB- long-term issuer credit rating.
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ILS executives talked pricing, capacity and opportunities in casualty at an ILS roundtable in Monte Carlo.
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The market has learned lessons from earlier soft market phases that it will apply now.
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The tech firm is building a joint stock company with insurers and investors.
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Scott Cobon's most recent title was MD, insurance management services.
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Fleming’s attempt follows those of other legacy carriers that have had recent successes raising capital.
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The vehicle will be capitalised by an asset manager with more than $100bn in AuM.
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The trend for private credit in alternative asset management is “set to continue”.
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The agency noted inflows to cat bond funds and investor interest in private ILS.
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Dedicated reinsurance capital is on track to increase by 8% in 2025, the broker said.
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The Japanese carrier faces integration challenges to make a success of the deal.
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The global specialty player is also exploring ILS offerings across specialty and cat bonds.
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Aspen Capital Markets earned $169mn in fee income in 2024 alone.
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The purchase brings Sompo an established ILS platform as part of the deal.
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The ILS play will make the business more capital efficient under new owner Sixth Street.
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Hagood will stay on as sole CEO of Nephila Holdings, with Taylor continuing as president.
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The reinsurer’s capacity is hugely important to ILS firms, with few alternative providers.
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This is the latest in a string of appointments made by the firm’s ILS unit.
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The Bermudian firm has an active ILS division, unlike the Japanese conglomerate’s insurance divisions.
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Aaron Garcia will hold a senior role at the operation, sources have confirmed.
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Reinsurers are confident on cat rates and ready to deploy ILS capital.
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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
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Property MGA Arden Insurance Services specialises in multi-family habitations.
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The ILS manager revised down slightly its forecast for the syndicate’s 2023 YOA.
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Aspen’s gross premium cession ratio grew 7.1 percentage points to 42.2%.
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The sidecar took $19mn of cat losses relating to the California wildfires.
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Around 95% of the Hiscox Re & ILS portfolio is rated rate “adequate” or better.
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The unit said capital in the ILS market remains more than adequate to meet rising demand.
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In Q2 last year, Everest ceded $26mn in losses to Mt Logan.
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Investors are drawing lessons from life deals to find new routes into insurance markets.
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The vehicle will support Ascot’s casualty business in the US and Bermuda.
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The firm attributed a 9% drop in reinsurance NWP partly to higher cession rates.
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The legacy player is working to secure its first deal, and could look to expand to US E&S.
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The Bermuda SPI will write a quota share of SageSure’s captive Anchor Re.
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The merged business of Twelve Securis ranked third among ILS managers for AuM, behind Fermat and RenRe.
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Reserve releases helped to recapture deferred fees.
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George Cantlay will also assume the additional position of president of the Bermuda business.
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The reinsurer returned $216.7mn to investors in Q2.
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He replaces Andrew Hughes, who held the role since 2021.
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We discuss progress in collateral management with our Outstanding Contributor winner.
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The fund’s ILS portfolio is split between 70% property cat and 30% cyber risk.
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