News relating to the Bermuda and international insurance and reinsurance industry.
Integral ILS, the independent insurance linked securities (ILS) fund manager, has received a cornerstone investment from New Holland Capital (NHC), an alternative investment manager.
Elementum Advisors, the alternative investment manager specialising in collateralised natural catastrophe event reinsurance investments, has hired Todor Todorov as vice president of business development and investor relations (BDIR).
Horseshoe has been appointed as insurance manager for London Bridge Risk PCC, a newly established UK domiciled multi insurance special purpose vehicle that is independently owned and sponsored by Lloyd’s.
Gallagher Re has partnered with Arch Mortgage Insurance Company (Arch MI) to raise and place traditional reinsurance capacity for Bellemeade Re 2020-4, a special purpose reinsurer.
MS Amlin Asia Pacific (MS AAP) has launched a local special purpose reinsurance vehicle in Singapore, Phoenix 1 Re, to provide collateralised capacity to support MS Amlin Syndicate 2001’s Asia reinsurance portfolio through its Singapore based underwriting platform.
The move is an important one and could lower re/insurers’ cost of capital.
The formation is part of a strategy by the reinsurer to opens its cat portfolio to investors.
Brit has sponsored its debut 144A catastrophe bond issuance, Sussex Capital UK PCC (Series 2020-1).
ILS Bermuda is providing funding for student internships and work shadowing opportunities with industry participants in a drive to provide work placement opportunities for students looking to gain experience in Bermuda's ILS industry.
Prospero Re, the reinsurance company wholly owned by ILS Capital Management, has been given the green light to write traditional and collateralised reinsurance contracts, following regulatory approval from the Bermuda Monetary Authority (BMA) for its amended business plan.