News relating to the Bermuda and international insurance and reinsurance industry.
Specialist global insurer Hiscox has promoted Andrew Hughes to the role of managing principal of Hiscox ILS.
Twelve Capital has raised nearly $400 million in 18 months for its latest UCITS cat bond offering, the company has said.
Schroders has taken full control of Secquaero Advisors in a move that strengthens its private assets business.
The days of hard markets that last for years could have come to an end, according to Dominik Hagedorn, partner at Tangency Capital, a fund investing in the reinsurance sector.
The market is increasingly factoring in the benefits of structured finance but potentially under-appreciating the risks, according to Jefferies, a US bank, writing in an equity research note on Hannover Re.
Liberty Mutual has unlocked around $240 million of reinsurance capacity for its US property catastrophe program and global treaty property reinsurance business via an issue of insurance linked securities (ILS) on its Limestone Re platform.
The insurance-linked securities (ILS) market is set to bounce back from the recent drop of interest, according to an S&P Global Ratings’ report.
Significant price weakness in the secondary cat bond market saw the ILS Diversified cat bond portfolio deliver negative returns in May, pulling overall fund performance into negative territory.
Essent Guaranty has obtained $333.8 million of fully collateralised excess of loss reinsurance coverage on mortgage insurance policies written in 2015 and 2016 from Radnor Re 2019-2, a newly formed Bermuda special purpose insurer.
Twelve Capital, an independent investment manager specialising in insurance investments for institutional clients with approximately $4 billion in assets under management, is expanding its product range for ILS investors.