News

ILS

Palomar adds $200m to reinsurance tower, renews cat bond

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

California bill to allow purchase of ILS products passes Senate

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

Is ILS facing a tipping point?

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

Bermuda’s first regulatory sandbox license granted to AkinovA

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

Bermuda ILS sector will move sustainable finance agenda forward: BSX

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

Jamaica Government partners with World Bank to develop cat bond

The Government of Jamaica is on course to developing its first ever catastrophe bond through a partnership with the World Bank.   9 May 2019

ILS

Athene forms third-party capital subsidiary ACRA

Athene Holding, a provider of retirement saving products based in Bermuda, has formed a strategic capital solution expected to provide it with up to $4 billion of on-demand, third-party equity capital, to help it pursue various growth initiatives.   8 May 2019

ILS

ILS slowdown in Q1 does not impact long-term appetite: Willis

While the growth in the insurance-linked securities market continues to slow down in the first quarter of 2019, it does not reflect any long term change in appetite, according to Willis Re's ILS Market Update.   7 May 2019

ILS

Horseshoe Group CFO steps down

Bermuda-based insurance and ILS manager Horseshoe Group has appointed Fred LeMoine as its new head of insurance management, to succeed Nigel Godfrey, the group’s chief financial officer (CFO) and executive vice president of insurance management services.   25 April 2019

ILS

Alternative capital grew 6% in 2018: Willis Re

Total dedicated capital for reinsurance had dropped to $462 billion at year-end, representing a 5 percent drop overall, although this was partially offset by growth in the alternative capital space, according to Willis Re’s Reinsurance Market Report.   23 April 2019

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