Reinsurance News
Hudson Structured Capital Management
HSCM has announced a number of key appointments
6th October 2023
Hudson Structured Capital Management (HSCM), an asset manager specialising in the re/insurance and transportation sectors, has announced a number of promotions, including Jeff Sangster’s, the firm’s new Chief Operating Officer (COO) and Head of Strategy. Matt Berdoff has been named Deputy COO, and Bernard Opoku was appointed Managing Director and Chief ... Read the full article
The world needs a new reinsurance industry that has more respect for its capital: Albert Benchimol
14th October 2022
The global reinsurance industry is undoubtedly a vital part of the risk value chain, but it needs to go back to basics and avoid the mistakes of the last five to 10 years, according to industry experts. Speaking yesterday on the final panel of the opening day of ILS Bermuda's 2022 ... Read the full article
Martello Re launched as $1.65bn life and annuity reinsurer
12th January 2022
A new Bermuda domiciled life and annuity reinsurance company has been launched with the backing of Massachusetts Mutual Life Insurance Company, Centerbridge Partners, Brown Brothers Harriman, and a pre-eminent group of institutional investors and family offices, including Hudson Structured Capital Management, called Martello Re Limited. Martello Re is a licensed Class ... Read the full article
Hudson Structured buys majority stake in Occam
17th August 2021
Specialist lines-focussed managing general agency Occam Underwriting has announced Hudson Structured Capital Management's decision to become a majority shareholder. Additional investment from HSCM, an asset manager specialising in the re/insurance and transportation sectors, is expected to help Occam expand into new lines via new talent acquisitions and upgrades to its various technology platforms. As ... Read the full article
Kin Insurance raises $63.9mn in Series C funding round
11th May 2021
Kin Insurance, a US insurtech and primary carrier focused on home insurance for catastrophe-exposed areas, has raised $63.9 million in a Series C funding round, according to Crunchbase News. Kin last raised money with a $23 million Series B last summer, and is backed by investors which include August Capital and ... Read the full article
HSCM Bermuda provides States Title with $150mn in debt financing
18th February 2021
HSCM Bermuda, the reinsurance and ILS investment management business arm of Hudson Structured Capital Management Ltd., has committed $150 million in debt financing to real estate focused States Title. This financing from HSCM Bermuda, which has previously invested in the firm, follows a $123 million Series C filed in May of ... Read the full article
HSCM hires SCOR’s Adrian Jones in InsurTech & re/insurance push
13th January 2021
Hudson Structured Capital Management Ltd. (HSCM), the insurance-linked securities (ILS), reinsurance and transportation-focused investment manager, has announced the appointment of Adrian Jones from SCOR as the firm looks to expand its InsurTech and global re/insurance groups. Jones has been hired as a Managing Director of HSCM and a Partner in the ... Read the full article
Hudson adds $600m in Q4 investor commitments
29th December 2020
Hudson Structured Capital Management (HSCM) has added more than $600 million in new investor commitments in Q4 2020. This investment will see its commitments and assets under management in excess of $3.0 billion and its re/insurance linked strategy commitments and assets under management in excess of $2.6 billion, as of December ... Read the full article
Aon & HSCM launch $70mn catastrophic cyber product
19th November 2020
Global insurance and reinsurance broker, Aon, has collaborated with Hudson Structured Capital Management Limited (HSCM) on the launch of a new product designed to protect re/insurers against systemic and catastrophic cyber events. Driven by growing awareness at C-suite level, reputational risk and regulation, alongside an increasing number of cyber attacks, the ... Read the full article
Hudson Structured to take majority stake in Southern Fidelity
3rd November 2020
Hudson Structured Capital Management Ltd. (HSCM Bermuda), the insurance-linked securities (ILS), reinsurance and transportation focused investment manager, has announced plans to take a majority ownership of Southern Fidelity Insurance Company (SFIC). In exchange for its majority stake, HSCM Bermuda will provide a capital injection into SFIC. HSCM Bermuda will also take an ... Read the full article
Rideshare insurtech Buckle gets $31m fundraising led by HSCM and Eos
6th August 2020
Buckle, an insurtech company for the ride-share industry, said it has raised $31 million in a Series A funding round. The insurer said the funding round was co-led by investment manager Hudson Structured Capital Management, doing their insurance and reinsurance investment business as HSCM Bermuda, and Eos Venture who is a ... Read the full article
HSCM expected to take majority control of Weston Insurance
23rd June 2020
Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance and transportation focused investment manager, is expected to take majority control of specialty insurer Weston Insurance Holdings Corporation (WIHC). Financial analysis firm Demotech said the move would be beneficial for both WIHC and its insurance carrier subsidiaries. Accordingly, analysts assigned Financial Stability ... Read the full article
HSCM announces launch of Bumblebee Re
2nd June 2020
Hudson Structured Capital Management has announced the formation and approval of Bumblebee Re, a newly-formed Special Purpose Insurer headquartered in Bermuda. This move is designed to help bring collateralized reinsurance cell-formation business in-house, with HSCM receiving approval from the Bermuda Monetary Authority to be registered as a Special Purpose Insurer in ... Read the full article
HSCM Bermuda backs AIG’s Syndicate 2019 at Lloyd’s
11th May 2020
Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance and transportation focused investment manager, has announced that it has provided capital support for Lloyd’s newly launched Syndicate 2019. The investment manager, which conducts its insurance and reinsurance business as HSCM Bermuda, says the move represents an opportunity to access the ... Read the full article
CyberCube secures $35mn in funding, led by HSCM Bermuda
19th November 2019
Cyber risk analytics firm CyberCube has secured $35 million of additional funding in a series B round led by Hudson Structured Capital Management Ltd. (HSCM Bermuda) and existing investor ForgePoint Capital. As part of the arrangement, Michael Millette, Founder and Managing Partner at HSCM Bermuda, will join CyberCube’s Board of Directors. Launched ... Read the full article
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