Insurance
HSCM Bermuda finances States Title with $150m of debt
HSCM Bermuda, the reinsurance and ILS investment management business arm of Hudson Structured Capital Management Ltd., has provided a $150 million debt financing arrangement to real estate focused States Title. States Title leverages machine learning intelligence and patented technology solutions to offer a range of residential real estate title, escrow and settlement services. The company…
Read MoreArch appoints Louis Tucker to lead its Lloyd’s managing agency
Arch Insurance International, part of the global insurance and reinsurance underwriting Arch Capital Group, has named Louis Tucker as the new head of its Lloyd’s managing agency operations, Arch Managing Agency Limited. Tucker was most recently the Head of Third-Party Capital at Arch Insurance International. He joined Arch when the firm acquired Barbican Insurance Group…
Read MoreAthene’s ACRA sidecar fee income hit $22m in 2020, ACRA assets pass $25bn
Athene Holding Ltd., the life and retirement reinsurance company majority owned by investor and private equity specialist Apollo Global, saw another healthy quarter of management fee income from its Athene Co-Invest Reinsurance Affiliate (ACRA) sidecar vehicle in Q4 2020. Athene has reported another $8 million of management fees earned from the ACRA sidecar structures for…
Read MoreSpotlight on Kevin Henderson, Founder and CEO of Indensio
By Marielle Rodriguez, Social Media and Brand Design Coordinator, Triple-I Kevin Henderson For Black History Month, Triple-I is putting the spotlight on Black entrepreneurs and innovative leaders in insurance. We sat down with Kevin Henderson, Founder and CEO of Indenseo, an analytics software company based in Palo Alto, CA to talk about his background in…
Read MoreMt. Logan Re delivers growth, capital management & hedging: Doucette
Given the growth in assets under management at global insurance and reinsurance underwriter Everest Re’s dedicated Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle, executives from Everest discussed the benefits of the strategy to the parent firm yesterday. Mt. Logan Re began 2021 with $900 million of assets under management at January 1st thanks to…
Read MoreCatastrophe protection gap needs capital market support: Bernardino, EIOPA
Gabriel Bernardino, the soon to retire Chairman of the European Insurance and Occupational Pensions Authority (EIOPA), has highlighted the capital markets role in delivering catastrophe insurance that has fewer protection gaps. In an interview with Brink News, Bernardino explained the need for multi-peril catastrophe insurance and reinsurance coverage that protects against the uncovered portion of…
Read MoreRising prices make ILS attractive, overweight P&C cat bonds & ILS: K2
Insurance-linked securities (ILS) returns are set to benefit from rising pricing in reinsurance and retrocession, which makes the market an attractive point of entry right now and leads hedge fund specialist manager K2 Advisors to an overweight assessment for P&C ILS and catastrophe bonds. The hedge fund focused asset manager, which is a unit of…
Read MoreAIG’s insurance-linked securities income from AlphaCat rises again
American International Group’s (AIG) insurance-linked securities and collateralized reinsurance activities under its dedicated ILS investment manager entity, AlphaCat Managers, delivered higher income for the final quarter of 2020. While insurance-linked securities (ILS) assets under management remain slightly below their highs for AlphaCat Managers, at $4.2 billion as of December 2020, compared to $4.3 billion a…
Read MoreEuro windstorm Victoria / Dennis industry loss finalised at EUR 350m
The insurance and reinsurance market loss from European windstorm Victoria, also known as storm Dennis in the UK, which struck in February 2020, has now been finalised at EUR 350 million, by PERILS AG. That’s slightly higher than the last update to the industry loss estimate back in August, when PERILS said it was EUR…
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