Financial

Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance- and transportation- focused investment manager, has announced a key hire as Adrian Jones, formerly of SCOR, joins the firm. Jones is joining Hudson Structured Capital Management Ltd., which undertakes its re/insurance business as HSCM Bermuda (HSCM), to assist in expanding the firms’ re/insurance and insurtech…

Munich Re has now completed the usual two tranche issuance for the renewal of its fully collateralized reinsurance sidecar vehicle Eden Re II Ltd., with the amount of capital backing the sidecar for 2021 down some 18% at $235 million. As we reported back in December, Munich Re completed the issuance of a first set…

Howden Group, the insurance and reinsurance group with both broking and underwriting at its heart, continues to blur lines, with its latest initiative being the establishment of a capacity vehicle that has third-party capital backing from an investor and will channel reinsurance underwriting capital to its DUAL MGA group. Howden Group announced that the new…

Global specialty insurance and reinsurance group Canopius has expanded the utility and importance of its Bermuda reinsurance  and insurance-linked securities (ILS) platform, reclassifying its reinsurer Canopius Re to have a Class 4 Reinsurer licence. Canopius’s Bermuda reinsurance and ILS operations consist of: Canopius Re Ltd (now a Class 4 Reinsurer); Canopius Underwriting Bermuda Limited (a…

As a group, the assets under management of the top-tier of insurance-linked securities (ILS) investment fund managers had increased through the second-half of 2020, Artemis’ data shows. According to data included in our Artemis Insurance Linked Securities Investment Fund Manager Directory, in which we list dedicated ILS investment managers, asset managers who also operate ILS…

U.S. and global primary insurance carrier and reinsurance company Chubb has named Jeremiah Konz as its new Chief Reinsurance Officer, giving him responsibility for the design and purchase of reinsurance programs for Chubb and its business units globally. The new position will also see Konz taking management control of Chubb’s reinsurance recoverable asset and overseeing…

Insurers operating in the Asia Pacific region need increasing amounts of reinsurance protection following a series of costly catastrophe years and the COVID-19 pandemic, but they should look broadly at both traditional and alternative forms to secure the most efficient protection in the hardening market environment, according to rating agency S&P. The Asia Pacific insurance…