Bermuda-based Mt. Logan Re Ltd. announced the appointment of Martin Burke as its chief financial officer, effective Feb. 22, 2016. Burke has 15 years of experience in senior finance roles in the reinsurance industry and was most recently with Sirius …
While property and casualty catastrophe bond primary issuance levels were “uncharacteristically low” in the fourth quarter of 2015, totals at year-end were only slightly lower than the all-time high levels reported in 2014, according to GC Securities, a division of …
Total non-life insurance linked securities (ILS) capital reached a record $70 billion at year-end 2015 – topping the previous record of $65 billion at year-end 2014, according to the latest ILS market update from Willis Capital Markets & Advisory, the …
Brit Ltd. announce the renewal and expansion of the collateralized reinsurance capacity provided by the Bermuda domiciled special purpose insurer Versutus Ltd., in support of Brit’s property treaty portfolio for 2016. The special purpose insurer will be capitalised at $82.5 …
Reinsurance capital levels stabilized during the Jan. 1, 2016 renewals – showing no growth for the first time in several years – and prices continued to soften, according to Guy Carpenter & Co.’s global January renewal report. The scarcity of …
According to the latest ILS report from Willis Capital Markets & Advisory (WCMA), part of Willis Group Holdings plc, “$650 million of non-life Rule 144A catastrophe bond capacity was issued across three transactions in the third quarter of 2015, taking …
Amtrak is getting $275 million of reinsurance protection from the capital markets for its wholly owned captive, covering storm surge, wind and earthquake perils, according to GC Securities. GC Securities, the capital markets arm of reinsurance broker Guy Carpenter, announced …
Kiskadee Investment Managers, Hiscox Re’s insurance linked securities (ILS) operation, has launched Cardinal Re Ltd., a Bermuda-domiciled special purpose insurer designed to transform collateralized insurance and reinsurance risk into a security more suited for capital market investors. The launch of …
Annual catastrophe bond issuance reached $7.0 billion – a decrease on the record-breaking prior year ($9.4 billion), yet still the third highest annual issuance in the sector’s history, according to Aon Securities, the investment banking division of Aon Benfield. Twenty-five …
The reinsurance market showed signs of decelerating rate declines in its most recent June/July 2015 renewals, indicating that pricing could be approaching a new equilibrium, says Fitch Ratings in a new global sector report. Reinsurance pricing has experienced downward pressures …
