Midwest Holding uses Vermont captive Seneca Re to access capital markets

Use of third-party investor capital to support growth of insurance and reinsurance businesses is an expanding trend, as carriers find an increasing array of routes to channel capital markets funding to their underwriting vehicles, adjusting the traditional value chain as they go. An interesting one that has recently come to light is Midwest Holding Inc.,…

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Howden Capital Markets launches to bring investment capital to clients

Howden Capital Markets has been launched as a new, nimble capital solutions advisory unit under HX, the data and analytics division of insurance and reinsurance broking, underwriting and advisory group Howden Group Holdings. Howden Capital Markets will assist Howden clients in accessing all forms of capital to complement traditional insurance and reinsurance capacity. Sitting under…

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Reinsurance market hardening needs to continue for years: AM Best

While the outlook for the global reinsurance industry remains stable, rating agency A.M. Best warns that market hardening needs to continue for at least a couple of years in order to have a meaningful impact on the segments ability to sustainably make its cost-of-capital. The rating agency said this morning that it has maintained its…

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Brit upsizes first Sussex Capital UK catastrophe bond to $300m

Specialty insurance and reinsurance player Brit Ltd. is the latest to target an upsizing of its first catastrophe bond issuance, as the firms Sussex Capital UK PCC Limited (Series 2020-1) transaction now has an increased target size of $300 million. This is Brit’s first full 144a catastrophe bond deal, with the company using its UK…

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Hamilton seeks $150m of retro from Easton Re catastrophe bond

Details have now come to light about the first full catastrophe bond sponsored by Hamilton, the Bermuda based insurance and reinsurance holding company, with a target of securing $150 million of retrocessional reinsurance from the Easton Re Pte. Ltd. transaction. As we explained a week ago, Hamilton has entered the 144a catastrophe bond market and…

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Guy Carpenter hires Gen Re’s Toffanello as Head of Japan

Reinsurance broker Guy Carpenter has announced the hiring of Gen Re senior executive Pietro Toffanello, who will become the firms new Head of Japan during the first-quarter of 2021. Toffanello has a more than 25 year career in reinsurance, the majority of which was spent at the now Berkshire Hathaway owned Gen Re. Most recently,…

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Best of Artemis, week ending 6th December 2020

Here are the ten most popular news articles, week ending 6th December 2020, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish. Ten most read articles on Artemis.bm,…

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Why-Oh Silver?

Why-Yo Silver? The iShares Silver Trust ETF (SLV) has frequently been one of our top ten names over the last several months, despite its less-than-spectacular return. A subscriber asked us why. It’s a good question, so let’s address it here. Let’s start by looking at our top ten names from July 23rd, which was the […]

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