Aspen is preparing to run a bid process after being approached by several potential buyers, sister publication The Insurance Insider revealed last night.
Climate finance entrepreneur Neil Eckert's latest venture, Incubex, is planning to raise up to $5mn of additional equity, as it considers trading opportunities in the reinsurance markets.
Swedish state pension fund AP3 reported that its ILS allocation increased by 56.3 percent in US dollar terms throughout 2017, rising to $505.8mn (4.14bn kronor) at year-end.
Horseshoe Group is to seek Prudential Regulation Authority approval to open a protected cell company in London to conduct collateralised reinsurance transactions under the UK's new ILS regime.
