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InsurTech is not a market that is as ripe for disruption as the catastrophe reinsurance business was, according to Scor’s Adrian Jones.
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Apollo committed an additional $700mn of equity capital to Catalina on completion of the buy-in deal.
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Collateralised reinsurance was not designed to perform exactly as traditional reinsurance, according to speakers at the ILS Bermuda 2018 conference.
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Ryan Specialty Group (RSG) is targeting a first-quarter 2019 launch for its mooted rated reinsurer, sister publication The Insurance Insider reported.
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ILS managers and investors are exploring options for investing in Lloyd’s corporate member vehicles, a market that is more traditionally dominated by trade and Names capital.
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RMS co-founder Hemant Shah has launched Archipelago Analytics with AIG's Madhu Tadikonda and Anthony Siggers from Willis Towers Watson.
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The start-up plans to put the assets to work in the January retro renewals.
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Former Aeolus and Lancashire executive Simon Fascione will be working across all of the ILS manager’s reinsurance strategies in his new role.
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The cat bond market has been the fastest-growing ILS segment in the past year, Aon said in its latest ILS report.
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Markel Catco has said adverse development covers have never been a material component of its portfolio, although sources told this publication the firm has been offering the product to buyers for a number of years.
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Citrus Re cat bond losses have more than doubled since May amid rising claims from Hurricane Irma, with the total $324mn payout expected to flow to Heritage set to be a new record for the ILS market.
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Many ILS entrepreneurs have already successfully cashed out.