Beazley is to unveil an ILS-backed special purpose arrangement (SPA) at the January renewals which will write facilities, sister paper The Insurance Insider has confirmed.
Canadian institutional investor Caisse de dépôt et placement du Québec (CDPQ) will invest $400mn in Hyperion to take a significant minority stake in the firm, in its second major insurance broking investment of the year.
Lloyd's (re)insurer Neon is seeking to be the first mover under the new London ILS regime with a sidecar that it is hoping to launch in 2018, sources said.
NN Life, part of the Nationale-Nederlanden (NN Group), has offloaded EUR3bn of longevity risk to Hannover Re in an index-based longevity transaction, according to sources.
