Insurance

Integral ILS Ltd., the start-up insurance-linked securities (ILS) fund manager launched by industry execs Richard Lowther and Lixin Zeng, has announced a second cornerstone investor for its new catastrophe reinsurance focused strategy, with long-time ILS investor New Holland Capital making a commitment to the firm. With the new commitment from New Holland Capital, Integral ILS…

Climate change and the future state of our climate may mean increased damage and ultimately insurance and reinsurance market losses from hurricanes, as more frequent storms and sea-level rise ramp up storm surge impacts in particular. This is the conclusion of a study undertaken by risk modeller AIR Worldwide, insurance and reinsurance firm AXIS Capital…

Hannover Re, the German headquartered global reinsurance firm, has facilitated another three Seaside Re private catastrophe bond transactions around this January 2021 renewals, taking the total seen to $136.4 million across ten transactions. As we explained yesterday, we had seen the first seven of these transactions, as Hannover Re’s Bermuda based reinsurance transformer vehicle Kaith…

BGC Insurance (BGCI), the insurance and reinsurance broking, MGA and underwriting units of BGC Partners, has been rebranded as Corant Global. BGC is a brokerage, advisory and financial technology company, which has been aggregating insurance and reinsurance interests in recent years. Most relevant of these for our audience are reinsurance and specialty broker Ed, as…

Leadenhall Capital Partners LLP has further expanded its assets under management, with both its non-life and life insurance-linked securities (ILS) growing to take the managers AuM to $6.4 billion as of January 2021. London headquartered insurance-linked securities (ILS) and reinsurance linked investments manger Leadenhall Capital Partners had grown its ILS assets to $6.2 billion in…

Insurance-linked securities (ILS) strategies focused on peak peril exposures deliver capital to the locations “where it is needed the most” in the insurance and reinsurance industry, so providing enhanced returns and supporting the traditional re/insurance market, ILS fund manager Twelve Capital has said. A peak perils focused ILS strategy, be that in catastrophe bond or…

Kairos Acquisition Corp., the Hudson Structured Capital Management Ltd. backed insurance, reinsurance and insurtech focused Special Purpose Acquisition Company (SPAC), or blank check company, maximised the size of its capital raise, securing $276 million to put towards an acquisition or combination. Back in December we explained that Hudson Structured Capital Management, the Michael Millette founded…

Stable, a technology company that provides an index-based platform for commodity hedging, has launched in Bermuda and established a collateralized insurer class of company to support its insurance work and presumably reinsurance needs. Stable has been around for a few years and having honed its data science tech platform and tools, creating a methodology for…

Insurance and reinsurance broker Aon has established Marilla Re Ltd., a new collateralized insurer class of company in Bermuda, which we understand is likely to support the new catastrophe reinsurance facility of the same name. It has been widely reported that Aon set up a new global catastrophe reinsurance facility towards the end of 2020,…