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Prospero Re plans to restructure its operating model to retain the benefits of the collateralised reinsurance model while adding an element of leverage that is more reflective of traditional reinsurers, according to Kroll Bond Rating Agency (KBRA). 6 February 2020
ILS
An unnamed Asian technology company has purchased a parametric cloud outage product on AkinovA, the electronic marketplace for trading re/insurance risk, to protect itself against the risk of a cloud service provider outage. 5 February 2020
ILS
Eagle Re 2020-1 (Eagle Re) has funded $488 million of fully collateralised excess of loss reinsurance coverage for Radian Guaranty. The reinsurance was financed via the first mortgage insurance linked note (ILN) transaction to incorporate an exchangeable note feature. 4 February 2020
ILS
Essent Guaranty, a subsidiary of Essent Group, has obtained $495.9 million of fully collateralised excess of loss reinsurance coverage from the capital markets. 3 February 2020
ILS
This year will see a return to growth for the ILS market, with a range of new products helping clients manage new risks more effectively, according to Brad Adderley, partner at Appleby. 24 January 2020
ILS
2019 brought to an end a decade of costly events for the insurance industry, according to a new report by Aon. Bermuda:Re+ILS investigates. 23 January 2020
ILS
Hanni Ali has been named senior vice president of strategic partnerships at Hamilton Insurance Group, with oversight of the company’s ILS platform, which has also been rebranded. 8 January 2020
ILS
Peak Re, the Hong Kong-based reinsurer, has increased capacity in Lion Rock Re II, its reinsurance sidecar that follows up Asia’s first sidecar transaction last year. 7 January 2020
ILS
Insurance-linked securities (ILS) on Bermuda have had an interesting few years, as the market continues to evolve to meet strong demand. 23 December 2019
ILS
Genworth Mortgage Insurance (Genworth MI), a subsidiary of Genworth Mortgage Insurance, has obtained $302.8 million of fully collateralised excess of loss reinsurance coverage from Triangle Re 2019-1 (Triangle Re). 22 November 2019
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