Insurance

Hudson Structured Capital Management Ltd. has entered the Special Purpose Acquisition Company, or SPAC marketplace, with a new insurance, reinsurance and insurtech focused company named Kairos Acquisition Corp. that will target raising $200 million or more in its initial public offering (IPO). It’s no surprise to see Hudson Structured Capital Management, the Michael Millette founded transportation,…

Arch Capital Group Ltd., the Bermuda headquartered specialty insurance and reinsurance firm, has now completed its fourth mortgage insurance-linked securities (ILS) issuance of 2020, closing the Bellemeade Re 2020-4 Ltd.  issuance at $321 million in size. Arch Capital returned to the capital markets for a fourth Bellemeade Re mortgage insurance-linked securities (ILS) issuance of 2020…

Brazil has now published its awaited rules on insurance-linked securities (ILS) issuance and special purpose reinsurance vehicles, which are due to come into force from January 4th 2021 bringing domestic ILS capabilities to its marketplace. As we’ve documented previously, the insurance and reinsurance market regulator, the Superintendência de Seguros Privados (Susep), had been seeing feedback…

This roundtable discussion was convened by specialist insurance-linked securities (ILS) and catastrophe bond investment manager Plenum Investments and moderated by Artemis in December 2020. The roundtable, which you can watch in full here, featured participants from across the ILS and catastrophe bond market. Participants came together to discuss key issues related to the insurance-linked security…

The Association of Bermuda Insurers and Reinsurers (ABIR) has announced new members for 2021 coming from across the spectrum of reinsurance and third-party capital or ILS fund management. Among those joining the organisation for 2021 are well-established reinsurance and retrocessional investment fund manager Aeolus Capital Management Ltd. Aeolus, led by Chief Executive Officer Andrew Bernstein,…

Swiss Re, the global reinsurance company, has registered a special purpose insurer (SPI) in Bermuda which will presumably act as an underwriting vehicle for its recently established dedicated ILS fund, the Core Nat Cat Fund under 1863 Fund Ltd. The Bermuda domiciled special purpose insurer (SPI) is named 1863 Re Ltd. and had its registration…

The insurance-linked securities (ILS), or alternative reinsurance capital market, is “more likely to grow than shrink” over the coming year, as the shake out of recent years moderates, according to equity analysts from investment bank Credit Suisse. After the challenges faced through 2017 to 2019, the insurance-linked securities (ILS) market entered 2020 with much greater…

The European Commission (EC) said yesterday that it has opened what it calls an “in-depth” investigation of the merger of insurance and reinsurance broking giants Aon and Willis Towers Watson (WTW), citing concerns over the potential impact to competition in some key markets. Specifically highlighted are concerns that Aon’s proposed acquisition of Willis Towers Watson…