News relating to the Bermuda and international insurance and reinsurance industry.
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Eagle Re issues $498m in ILNs to finance Radian reinsurance cover
Radian Guaranty, the wholly owned subsidiary of Radian Group, has obtained $498 million of fully collateralised excess of loss reinsurance coverage from Eagle Re 2021-1, the newly formed Bermudian special purpose insurer.
Allianz appoints new ILS head as Boyd returns to the UK
Allianz Global Corporate & Specialty (AGCS) has named David Brown as head of its capital solutions unit, its insurance linked securities (ILS) structuring business.
“Outstanding corporate citizen” Chubb supports COVID vaccination clinic with donation
The Chubb Charitable Foundation Bermuda has donated $50,000 to the Bermuda Hospitals Charitable Foundation (BHCF), the fundraising arm of the Bermuda Hospitals Board (BHB), to support its COVID-19 vaccination clinic.
Horseshoe names Faries as CEO as Perez steps into advisory role
Kathleen Faries has been appointed as the new chief executive officer (CEO) of Horseshoe, the insurance linked securities specialist and fund administrator.
Arch MI secures $643m of indemnity reinsurance via its first SOFR-linked Bellemeade Re deal
Arch Mortgage Insurance Company (Arch MI) has secured over $643 million of indemnity reinsurance on a pool representing approximately $38 billion of mortgages from Bellemeade Re 2021-1, a special purpose reinsurer.
Kershaw announces retirement, Peak Re names two co-heads of P&C to replace him
Peak Reinsurance, the Hong Kong-based global reinsurer and ILS specialist, has appointed Iain Reynolds and Andy Souter as co-heads of property and casualty (P&C).
January renewals sees global re/insurance capital back at pre-pandemic levels: AM Best
The insurance-linked securities (ILS) and traditional reinsurance markets overcame “extraordinary losses in 2020” in the January 2021 renewals, with capital now back to pre-pandemic levels of $485 billion, according to AM Best.
World’s first humanitarian cat bond unveiled in Guernsey
Guernsey has unveiled the first humanitarian catastrophe bond.
Hamilton selects Singapore for its first cat bond
Hamilton Insurance Group has elected to issue its first catastrophe bond in Singapore.
Integral ILS partners with Amwins and Core Specialty on US property initiative
Integral ILS, the independent Insurance-Linked Securities (ILS) fund manager, has launched a new US property insurance initiative, with risks underwritten by Amwins and policies issued through subsidiaries of Core Specialty Insurance Holdings.
