U.S primary insurer Liberty Mutual has secured $150 million of collateralized reinsurance for its U.S property catastrophe program through a new transaction through Limestone Re, its Bermuda domiciled segregated account company. Liberty Mutual said the deal, which is comprised of $58 million of Bermuda Stock Exchange-listed 2019-1 Notes, will also provide collateralised reinsurance for its… Continue reading Liberty Mutual Completes $150M Limestone Re Sidecar Transaction
Tag: ILS
Neuberger Berman Broadens Alternative Capabilities with Acquisition of ILS Manager Cartesian Re and Affiliated Reinsurer Iris Re
Neuberger Berman has broadened its alternative investment platform through the acquisition of specialist asset manager Cartesian Re, which with its affiliate Iris Re, manages more than $1 billion in assets under management (AUM) focusing on the insurance-linked strategies (ILS) asset class. Cartesian Re was developed as a portfolio company of Cartesian Capital Group, which will… Continue reading Neuberger Berman Broadens Alternative Capabilities with Acquisition of ILS Manager Cartesian Re and Affiliated Reinsurer Iris Re
Evolution of ILS As An Established Asset Class Continues Its Momentum While Facing Next Sage of Development
End investors, Insurance-Linked Securities (ILS) funds, and buyers – the three groups active in ILS – have predominantly weathered 2017 loss activity with a view that reinsurance products backed by ‘alternative’ capital have become mainstream, according to a new Global ILS Market Survey by Willis Towers Watson, the global advisory, broking and solutions company. The… Continue reading Evolution of ILS As An Established Asset Class Continues Its Momentum While Facing Next Sage of Development
Hiscox Appoints Andrew Dolphin to Chief Operating Officer for Hiscox Re
Specialist global insurer Hiscox announces the promotion of Andrew Dolphin to the position of Chief Operating Officer for Hiscox Re and his appointment to the Hiscox Re & ILS Executive team. Since joining Hiscox in 2000, Andrew’s analytical and commercial skills led him to successfully transition from a technical role in the Group reinsurance purchase… Continue reading Hiscox Appoints Andrew Dolphin to Chief Operating Officer for Hiscox Re
Markel to Acquire ILS Manager Nephila Holdings Limited
Markel Corporation and Nephila Holdings Limited announced that they have entered into a definitive agreement for Markel to acquire all of the outstanding shares of Nephila. Nephila is the pre-eminent insurance-linked securities manager in the world. Nephila brings deep and long-term investor relationships, tremendous energy, creativity and innovation in matching investor risk appetites with client… Continue reading Markel to Acquire ILS Manager Nephila Holdings Limited
ILS Investor Appetite Uninhibited by Recent Losses: Swiss Re
Global reinsurance giant Swiss Re has noted the continued and increased appetite of insurance-linked securities (ILS) investors to allocate capital to the sector, despite recent losses and potential ongoing loss development from 2017’s catastrophe events. The Switzerland-based reinsurer’s Capital Markets unit has released its H1 2018 ILS report, which, explores issuance in the first-half of… Continue reading ILS Investor Appetite Uninhibited by Recent Losses: Swiss Re
Capital Growth and Improved Risk Spreads Drive ILS Market
2018 is set to be another year of growth for insurance linked securities (ILS) as the market recovers from recent natural disasters, replaces lost capital and investors show mounting interest in ILS products. These are the findings of the latest quarterly ILS market update, from Willis Towers Watson Securities, the investment banking business of leading… Continue reading Capital Growth and Improved Risk Spreads Drive ILS Market