UK Regulators Approve Lloyd’s Special Purpose Vehicle to Attract New Forms of Capital January 14, 2021 Lloyd’s announced it has received regulatory approval to set up a new multi-insurance special purpose vehicle, which aims to attract...
W. R. Berkley Corp. Launches Special Purpose Reinsurer in Bermuda December 28, 2020 W. R. Berkley Corp. announced the formation of Lifson Re Ltd., a special purpose reinsurer registered in Bermuda and licensed...
Credit Suisse Shuts Humbolt Re and Kelvin Re After Investor Withdrawals December 10, 2020 By Patrick Winters and Marion Halftermeyer Credit Suisse Group AG is winding down two reinsurance vehicles with assets of about $2 billion after key investors moved...
ILS Capital’s Prospero Re Gets Bermuda Regulator Nod to Write Traditional Reinsurance December 3, 2020 Prospero Re Ltd., a reinsurance company wholly owned by ILS Capital Management with $250 million in statutory capital, has received...
Hamilton Launches New Bermuda Special Purpose Insurer Called ‘Ada Re’ November 23, 2020 Hamilton Insurance Group Ltd. announced the launch of Ada Capital Management Ltd., a Bermuda-regulated insurance agent authorized to underwrite on...
PartnerRe Appoints Hiscox’s Hughes as CEO Third Party Capital October 22, 2020 PartnerRe Ltd. announced that Andrew Hughes will join PartnerRe in the new role of CEO, Third Party Capital, subject to...
COVID-19 Couldn’t Stop Robust Quarter for ILS Issuance: Aon July 31, 2020 Usage of insurance linked securities the first six months of 2020 is already 20% higher than all of 2019, underscoring...
Hong Kong-Based Peak Re to Acquire Bermuda ILS Asset Manager Lutece April 8, 2020 Peak Reinsurance Co. Ltd. has entered into definitive agreements to acquire 100% of the capital of Lutece Holdings Ltd. and...
Canopius Acquires Bermuda-Based Specialty Reinsurer Multi-Strat Holdings March 16, 2020 Canopius Group Ltd. has purchased a majority stake in Bermuda-based Multi-Strat Holdings Ltd. Financial details of the transaction were not...
Hamilton Rebrands ILS Platform as Hamilton ILS, Promotes Ali as New Lead Executive January 10, 2020 Hamilton Insurance Group Ltd. announced its insurance-linked securities (ILS) platform has a new name and a new lead executive. Formerly...