Insurance
Private cat bond platform Eclipse Re issues $20m deal, its fifth of 2020
Private catastrophe bond transformer and transaction platform Eclipse Re Ltd. has completed its fifth listed insurance-linked securities (ILS) issuance of 2020, with a nearly $20 million Eclipse Re Ltd. (Series 2020-06A) deal that has been privately placed with qualified investors. The Horseshoe managed private syndicated collateralised reinsurance note and private cat bond platform Eclipse Re…
Read MoreArtemis Live: Interview with Sidney Rostan, Head of ILS, SCOR Investment Partners
We’ve got a new video for you today, featuring an interview with Sidney Rostan, Head of ILS at SCOR Investment Partners, who is the latest industry executive to join our Artemis Live series. Leading insurance-linked securities (ILS) investments for the asset management group of global reinsurance company SCOR, Rostan shared his views on a specific…
Read MoreHannover Re expects favourable retro renewal thanks to loss record: Pickel, E+S Rück
German reinsurance company Hannover Re is expecting favourable treatment when it renews its retrocession program this year, as the company feels it has passed on fewer losses to its counterparties than many other reinsurers. Speaking today during a media briefing, Dr. Michael Pickel, the CEO of Hannover Re’s German underwriting arm E+S Rückversicherung AG, explained…
Read MoreMitigation Matters – and Hurricane Sally Proved It
A FORTIFIED roof (left) sustained no damage from Hurricane Sally, the neighboring house (right) did not fare as well. The FORTIFIED construction certification was developed by the Insurance Institute for Business and Home Safety (IBHS) to protect homes against severe weather. In this post Fred Malik, managing director, FORTIFIED, and Chuck Miccolis, managing director, Commercial…
Read MoreMinnesota Life’s La Vie Re mortality cat bond priced in top-end of guidance
Life insurer and part of the Securian Financial Group, Minnesota Life Insurance Company is set to benefit from $100 million of capital markets backed reinsurance protection with its first mortality catastrophe bond, as the La Vie Re Limited (Series 2020-1) transaction has now been priced towards the upper-end of guidance. With final pricing now reached,…
Read MoreFedNat expects agg reinsurance recovery for Delta, expands quota share
FedNat Holding Company, the U.S. primary insurance carrier group, has again said that it expects the latest hurricane to hit the United States will trigger a catastrophe reinsurance recovery for the firm, as losses from Delta are expected to exceed its aggregate retention. FedNat estimates that aggregate gross losses it suffers from hurricane Delta will…
Read MoreNZ Super Fund grows ILS allocations to Elementum & Leadenhall
The New Zealand Superannuation Fund (NZ Super Fund), one of the government pension investment providers, has increased its allocations to insurance-linked securities (ILS) and reinsurance linked investments by almost 60% in the last year. The NZ Super Fund has increased its allocations to the two leading ILS fund managers that it works with, Elementum Advisors…
Read MoreCoreLogic hires Wiart in Australia as Head of Consulting & Risk Management
CoreLogic, the property risk modelling, data and analytics company, has hired experienced insurance-linked securities (ILS) and reinsurance executive Pierre Wiart in Australia, to become its regional Head of Consulting and Risk Management. Wiart has most recently been consulting on insurance-linked securities with an Australian investment client, prior to which he worked at catastrophe risk modeller…
Read MoreRosh Capital launches investment-oriented reinsurer Rosh Re with $600m
New York based asset manager Rosh Capital Management, LP has raised $600 million from a private family office to launch Rosh Re Ltd., a Bermuda based reinsurance company that will have an investment oriented approach. Rosh Capital Management had established a total-return or hedge fund focused reinsurance initiative back in 2018. It’s not clear whether…
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