News

ILS

Why Bermuda should fear the rise of emerging ILS hubs

Bermuda’s vibrant ILS sector already faces competition from established hubs such as the Cayman Islands, Ireland and Guernsey but now, emerging domiciles such as Singapore, Hong Kong, the UK, and France are also looking to get a foothold in this market. Bermuda:Re+ILS reports.   16 April 2019

ILS

Alternative capital expected to regain momentum: Aon

The growth in alternative capital has slowed since its surge in late 2017 and early 2018, although it is expected to regain momentum this year as losses are developed and finalised, according to Aon’s Reinsurance Market Outlook for April 2019.   15 April 2019

ILS

No evidence of 'bad faith' in CATCo loss reserve review: Markel

An internal review into Markel's CATCo has suggested there is no evidence of 'bad faith' in how personnel acted in the setting of reserves and making related disclosures during late 2017 and early 2018.   15 April 2019

ILS

Hamilton Re secures $65m for sidecar Turing Re

Hamilton Insurance Group's re/insurance platform Hamilton Re has secured $65 million of collateralised capacity through its special purpose sidecar vehicle, Turing Re.   5 April 2019

ILS

Mt Logan Re COO joins Allianz's PIMCO in senior ILS role

Pacific Investment Management Company (PIMCO), the asset management company owned by Allianz, has appointed Michael Beck as senior vice president, ILS portfolio management.   4 April 2019

ILS

Founding CEO of AXA XL's New Ocean McKeown leaves company

Chris McKeown, the former CEO of AXA XL's Bermuda-based asset manager New Ocean Capital Management, has stepped down from his role as vice chairman and left the company to pursue other interests.   2 April 2019

ILS

Guernsey claims first-of-its-kind re/insurance and ILS hybrid vehicle

Guernsey has introduced a new "hybrid" ILS vehicle - a protected or incorporated cell company that is both a licensed insurance company and a regulated investment fund.   1 April 2019

ILS

Collateralised re specialist joins Brit Bermuda property reinsurance team

Specialty re/insurer Brit has appointed Kristina Maffit to the property reinsurance team for Brit Global Specialty Bermuda (BGSB) as vice president.   1 April 2019

ILS

CCR Re sets up first France-domiciled reinsurance sidecar

In a development sure to catch the eye of the Bermuda insurance-linked securities (ILS) market, CCR Re has set up the first reinsurance sidecar domiciled in France, marking the first ILS vehicle governed by French law.   28 March 2019

ILS

Markel optimistic about ILS despite challenges

Markel has revealed that its ILS operations had grown “dramatically” from nothing to $92 million in 2018, in just five years and that it is “incredibly optimistic” about the future of its insurance linked securities (ILS) business despite ongoing investigations into recorded loss reserves at CATCo and its subsidiaries.   19 March 2019

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