Reinsurance News
collateralised reinsurance
Hyperion X and Vario partner on collateralised, whole account reinsurance cover
1st April 2020
Hyperion X, the technology and analytics division of Hyperion Insurance Group, has partnered with Vario Partners LLP on the delivery of collateralised, whole account stop-loss reinsurance protection cover to clients. Vario Partners is an innovator in collateralised reinsurance structuring and its risk transfer mechanism is designed to improve regulatory solvency ratios, ... Read the full article
Collateralised reinsurance still dominant despite cat setbacks: AM Best
7th October 2019
The collateralised reinsurance market remains the fastest-growing segment of the insurance-linked securities (ILS) industry despite significant investor losses from 2017 and 2018 catastrophe events, according to a new AM Best report. At year-end 2018, AM Best says market capitalisation of the collateralised reinsurance market was approximately $56 billion out of an ... Read the full article
Liberty Mutual completes latest Limestone Re transaction
2nd July 2019
Liberty Mutual has announced the successful renewal of its expiring Limestone Re 2018-1 placement, securing $240 million of reinsurance capacity from the capital markets for its U.S. property catastrophe program and global treaty property reinsurance business. The new transaction, which utilises the Limestone Re capital markets platform, is comprised of $135 ... Read the full article
Hamilton Re enters catastrophe bond market with $60mn US multi-peril deal
20th June 2019
The reinsurance arm of Bermudian firm Hamilton Insurance Group, Hamilton Re, has announced that via its Hamilton Capital Partners unit, it has sponsored its very first catastrophe bond transaction, a $60 million Easton 2019-1 deal. Hamilton Re has sponsored its first cat bond through the issuance of the Series 2019-1 Principal ... Read the full article
Hannover Re helped clients secure $1.5bn from capital markets over 2018
17th October 2018
With the recent completion of its fifth catastrophe bond transaction, Hannover Re has helped its clients to secure more than US $1.5 billion of reinsurance capacity from the capital markets over 2018. The company’s latest transaction was a $125 million cat bond covering San Diego-based energy infrastructure company Sempra Energy against ... Read the full article
Liberty Mutual in new $278mn Limestone Re collateralised reinsurance deal
29th June 2018
U.S primary insurer Liberty Mutual has secured $278 million of collateralised reinsurance for its U.S property catastrophe program through a new transaction with Limestone Re, a Bermuda domiciled segregated account company. Acting as a sidecar vehicle for Liberty Mutual, Limestone Re issued a series of participating notes to investors in a ... Read the full article
Capital efficiency strategies drive alternative capital interest: GC Securities
30th January 2018
The collateralized reinsurance and retrocession markets continue to expand despite the impacts of 2017 catastrophe events, as capital management and capital efficiency strategies drive interest in insurance-linked securities' (ILS) mechanisms, according to GC securities, the capital markets and ILS arm of reinsurance broker Guy Carpenter. In a discussion with Reinsurance News around ... Read the full article
Brit expands use of capital markets reinsurance capacity
9th March 2017
Global insurer and reinsurer Brit has announced the expansion of its collateralised reinsurance sidecar vehicle, Versutus Ltd. to $150 million, as the firm looks to accommodate protection for its U.S. property binder insurance exposures. Effective January 1st, 2017, Versutus grew the volume of capital deployed through a number of segregated accounts to collateralise its ... Read the full article
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