Insurance
Schroders raises $420m for new Life Insurance-Linked Security (ILS) fund
Global investment manager Schroders has raised $420 million of capital from third-party institutional investors for a new life insurance-linked securities (ILS) fund strategy that it has launched. The newly-launched Life Insurance-Linked Security (ILS) fund, Life Insurance Linked II, offers its investors a way to gain significant diversification against traditional asset classes, Schroders explained. The life…
Read MoreHamilton’s Easton Re cat bond priced 16% below mid-point of guidance
Hamilton’s new Easton Re Pte. Ltd. (Series 2020-1) catastrophe bond transaction has now been priced at the low-end of already reduced guidance, with the coupon now fixed some 16% lower than the initial guidance mid-point. Hamilton, the Bermuda based insurance and reinsurance holding company, will be delighted with the result of its first full catastrophe…
Read MoreStudy reveals benefits of operationalising ESG in risk transfer & ILS
Market participants across risk transfer, including insurance-linked securities (ILS) and reinsurance, have a lot to gain from further operationalising Environmental, Social and Governance (ESG) within their core businesses, our now published study reveals. During the third-quarter of 2020 we teamed up with boutique consulting firm Synpulse Management Consulting to conduct a survey of the maturity…
Read MoreWHO discusses catastrophe bonds to close COVID funding gaps
The World Heath Organization (WHO) has raised the subject of catastrophe bonds as a potential source of capital for funding development of tools to help in the response to the global COVID-19 pandemic. The Access to COVID-19 Tools (ACT) Accelerator is an initiative set up by the WHO alongside partners, with the goal of delivering…
Read MoreThe Dangers of Driving During the Holiday Season
By Max Dorfman, Research Writer, Triple-I As the holiday season continues to ramp up, it’s important to remember that this time of year is particularly risky for driving. That’s why December has been officially designated Drugged and Drunk Driving Prevention month. During the Christmas holidays, alcohol-impaired fatalities in 2018 comprised 37 percent of total traffic…
Read MoreReinsurance momentum to continue through all 2021 renewals: Morgan Stanley
Reinsurance pricing momentum is forecast to continue through all of the 2021 renewal seasons, with rises of 5% to 6% expected across the key upcoming January renewals, according to analysts at Morgan Stanley. The analysts believe that pricing in reinsurance is now back in-line with levels last seen in 2013, which it deems the last…
Read MoreLiberty Mutual’s new $300m Mystic Re IV cat bond priced below guidance
Liberty Mutual’s latest visit to the catastrophe bond market can be considered a resounding success for the company, after the new Mystic Re IV Ltd. (Series 2021-1) catastrophe bond transaction upsized to $300 million while marketing and the notes priced at a level below the low-end of initial guidance. These two factors, upsizing and pricing…
Read MoreAmerican Strategic owner’s Bonanza Re 2020-2 cat bond fixed at $295m
The new Bonanza Re Ltd. (Series 2020-2) catastrophe bond issuance eventually grew by 195%, with the now priced transaction set to provide $295 million of reinsurance protection to ARX Holding, the Progressive-owned parent of American Strategic Insurance Group. When the cat bond was launched to the market, it was seeking at least $100 million of…
Read MoreCohen & Co. to raise $235m with third Butler-led re/insurance SPAC vehicle
Fixed income financial services focused investment firm Cohen & Company, LLC has begun a capital raise for what will be its third insurance, reinsurance and insurtech focused Special Purpose Acquisition Company, or SPAC, named INSU Acquisition Corp. III. As with its previous two insurance and reinsurance focused Special Purpose Acquisition Company (SPAC) ventures, Cohen &…
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