News relating to the Bermuda and international insurance and reinsurance industry.
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Hiscox appoints managing principal for its ILS business
Specialist global insurer Hiscox has promoted Andrew Hughes to the role of managing principal of Hiscox ILS.
Money flows into Twelve Capital’s UCITS cat bond strategy
Twelve Capital has raised nearly $400 million in 18 months for its latest UCITS cat bond offering, the company has said.
Schroders acquires Secquaero Advisors in bid to dominate ILS
Schroders has taken full control of Secquaero Advisors in a move that strengthens its private assets business.
ILS will prevent extended hard markets: Tangency Capital
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.
Investors are under-appreciating risk in structured reinsurance
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 raises $240m in ILS and private placements
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.
ILS market set to bounce back: S&P
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.
ILS Diversified posts negative performance in May
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 obtains excess of loss reinsurance coverage
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 expands ILS product range
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.
