News relating to the Bermuda and international insurance and reinsurance industry.
Investors’ focus on diversification and liquidity drives market to record-breaking levels.
The founders of ILS issuers Replexus and Paratus have praised Guernsey’s can-do attitude, which they said made the island a natural home for insurance-linked securities (ILS).
AXIS Capital Holdings has named a new head of ILS as it rebrands its third party capital unit as AXIS ILS.
Hiscox has named a new managing principal for Hiscox ILS to spearhead the evolution of its ILS offering.
Twelve Capital has hired two senior distribution specialists to focus on the UK and Benelux/Nordics markets as it seeks to expand its distribution efforts under its new BaFin licence.
Essent Guaranty, the wholly-owned subsidiary of Essent Group, has obtained $557.9 million of fully collateralised excess of loss reinsurance coverage from Radnor Re 2021-1, the newly formed Bermuda special purpose insurer.
Gallagher Re partnered with Arch Mortgage Insurance Company (Arch MI) in raising and placing traditional reinsurance capacity for Bellemeade Re 2021-2, a special purpose reinsurer.
Ariel Re has sponsored its first 144A index-triggered catastrophe bond issued by Bermuda special purpose insurer Titania Re.
Arch Mortgage Insurance Company (Arch MI) has completed its second mortgage insurance linked note (MILN) transaction of 2021.
Franklin Templeton has launched a new UCITS cat bond fund.