Financial
ILS Capital’s Prospero Re approved to write collateralized & traditional reinsurance
ILS Capital Management Ltd. has now received approval from the Bermuda Monetary Authority (BMA) for an expansion of the operating model of its reinsurance company Prospero Re Ltd., which can now write both fully collateralized and traditional reinsurance with an element of leverage. We explained back in February that Bermuda headquartered ILS fund and investment…
Read MoreAggregate cat bond erosion & COVID dent ILS fund returns in October
The average return of the insurance-linked securities (ILS) fund market was dented in October 2020 by some selling pressure on certain aggregate catastrophe bond positions and reserve setting for potential losses to catastrophe reinsurance programs due to the COVID-19 pandemic. According to the Eurekahedge ILS Advisers Index the average return of catastrophe bond and insurance-linked…
Read MoreBest Online Tools to Easily Find Company Earnings Calls, Reports, and Calendars
Company earnings calls, earning calls reports, and earning calls calendars are essential for investors and potential investors, analysts, and the media. Why? Because they provide some much-needed guidance on a company’s finances and financial direction based on the competitiveness of the industry for a given period. This process happens either at the end of each […]
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Read MoreAXIS Re hires ILS underwriter Hungenberg from Schroders
AXIS Re, the reinsurance division of global specialty re/insurer AXIS Capital, has announced the hiring of Emilie Hungenberg in Zurich, who’s most recent position had been as a Senior ILS Underwriter with investment manager Schroders. Hungenberg worked for Schroders for more than two years, underwriting private insurance-linked securities (ILS) transactions and collateralised reinsurance from the…
Read MoreTurker Re launches Capital Solutions unit & Turkey quake ILW product
Turker Re, a Lloyd’s broker with a significant insurance and reinsurance broking footprint in the Turkish marketplace and surrounding region, has launched a new product offering of a Turkey earthquake industry loss warranty (ILW) as the first under a new Capital Solutions unit. The broker hopes to create a new market category for insurance, reinsurance…
Read MoreArdonagh gets ILS servicing expertise, as Geo acquires Robus
Ardonagh Group, the largest independent insurance broking, underwriting, servicing and management company in the UK, has now added insurance-linked securities (ILS) servicing and management to its range of offerings, as its managing general agent Geo Underwriting has acquired insurance manager Robus Group. Management, fiduciary and financial advisory group Robus provides a range of services, across…
Read MoreConduit Re prices IPO, targets “exceptional market conditions”
Conduit Re, the pure reinsurance start-up targeting a $1.1 billion initial public offering (IPO) on the London Stock Exchange and set to begin operations in Bermuda, has now priced its IPO and looks forward to targeting what it calls “exceptional market conditions” for its launch. Conduit has now completed the bookbuilding process, in relation to…
Read MoreLiberty Mutual sponsoring first cat bond since 2012, with $200m Mystic Re IV
Insurance giant Liberty Mutual has returned to the catastrophe bond market for the first time since 2012, as the company seeks a $200 million source of catastrophe reinsurance from the capital markets by sponsoring a Mystic Re IV Ltd. (Series 2021-1) transaction. Not only is this Liberty Mutual’s first catastrophe bond in eight years, its…
Read MoreThe Vaccine Rally Could Be Running Out Of Steam
Commenting on today’s trading Gorilla Trades strategist Ken Berman said: Q3 2020 hedge fund letters, conferences and more The Vaccine Rally Is Fading Away Despite today’s new all-time highs the late-day weakness among cyclicals could mean that the first leg of the vaccine rally could be running out of steam. While stocks started the session […]
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