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NB Reinsurance, a Bermuda-based issuer of ILS, has completed an offering of 19,231 non-voting preferred shares on BSX, effective June 3, 2019. 5 June 2019
ILS
Bermuda re/insurers have seen substantial rate increases of 10-30 percent at the June 1 Florida property catastrophe renewals on loss-affected accounts, according to research from Morgan Stanley. 4 June 2019
ILS
SS&C GlobeOp, a financial technology company serving clientele of ILS funds, reinsurers, and hedge funds, has appointed Ken Mahadeo as head of fund administration for SS&C Fund Services in Bermuda. 4 June 2019
ILS
French reinsurer SCOR has sponsored its second catastrophe bond under the UK’s insurance-linked securities regime (ILS), which will provide it with up to $250m in cover against named storms in the US, earthquakes in the US and Canada, and windstorms in Europe. 3 June 2019
ILS
Palomar Holdings, a specialty property insurer operating in the US and Bermuda, has completed reinsurance programmes renewing and incepting at June 1, 2019. 3 June 2019
ILS
Legislation that would allow the State of California to purchase re/insurance and insurance-linked securities from the private market to cover the increasing costs of wildfires has passed the California State Senate. 29 May 2019
ILS
The global ILS market could be at a crossroads, according to a recent report by Guy Carpenter. Bermuda:Re+ILS takes a look at what is likely to be a key moment for Bermuda. 24 May 2019
ILS
The Bermuda Monetary Authority (BMA) has granted its first insurance regulatory sandbox license to insurtech AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks. 16 May 2019
ILS
The Bermuda Stock Exchange (BSX) has introduced an environmental, social and governance (ESG) initiative to promote sustainable and responsible growth for its member companies and listings, with insurance-linked securities (ILS) recognised as a sustainable development investment. 9 May 2019
ILS
The Government of Jamaica is on course to developing its first ever catastrophe bond through a partnership with the World Bank. 9 May 2019
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