Reinsurance News
investments
Notional value of US insurer held derivatives tops $3tr: AM Best
11th January 2022
The notional value of derivatives used by the insurance industry in the United States has risen by 45% over the past five years, according to a new AM Best report. Insurers use derivatives in hedging and portfolio management, setting the price of future purchases and sales in order to hedge against ... Read the full article
Swiss Re’s 1863 ILS fund secures $250mn investment from Sweden’s Alecta
11th January 2022
Swiss Re Insurance-Linked Investment Management Ltd (SRILIM), the investment manager of the global reinsurer's natural catastrophe-focused 1863 fund platform, has secured an investment of USD 250 million from Swedish pension fund, Alecta. Swiss Re's wholly owned subsidiary, SRILIM, received authorisation from FINMA to act as an asset manager for investment ... Read the full article
Investor B.P. Marsh sells stake in motor MGA to insurtech Humn
23rd December 2021
Specialist early-stage investor B.P. Marsh & Partners has announced the sale of a stake in UK based motor insurance managing general agent Walsingham Motor Insurance Limited for £4.6 million. The stake amounted to a 40.5% shareholding in London-based managing general agency Walsingham Motor Insurance. As well as the sale of that stake, ... Read the full article
TEAM develops GARNet investment structure for re/insurers
3rd December 2021
Bermuda-based firm, TEAM International (Holdings), Ltd., has announced the development of a new investment structure intended for application in the insurance and reinsurance industries. The Guaranteed Adjustable-Rate Note (GARNet) has been designed specifically for long-term, high-grade investors, with re/insurers thought as particularly likely to benefit from their capital efficiency when held ... Read the full article
PRA sees potential for reforms to help re/insurers invest
29th November 2021
The Prudential Regulation Authority (PRA) believes there is an opportunity to consider reforms that would help insurers and reinsurers invest in the UK economy. Speaking at the Insurance Asset Management Conference, Charlotte Gerken, Executive Director for Insurance at the PRA, insisted that the regulator remains “open and ready to listen to ... Read the full article
GCM Grosvenor raises $500m for insurer-focused alternatives strategy
19th November 2021
Global alternative asset management solutions provider GCM Grosvenor has secured $500 million backing to develop a structured alternative investment solution. The vehicle will look to invest in alternative strategies like private equity, infrastructure, absolute return strategies, and alternative credit. Led by GCM Grosvenor Insurance Solutions, which the firm formed in June, the ... Read the full article
95% of re/insurance execs view climate as investment risk: BlackRock
15th November 2021
A new study by investment management firm BlackRock shows that re/insurers are increasingly concerned about the implications of climate risk, with 95% of executives confirming it will have a significant impact on portfolio construction over the next two years. The findings of BlackRock’s tenth annual Global Insurance Report follow an unprecedented ... Read the full article
Investcorp forms Insurance Solutions unit
19th October 2021
Investcorp, a global provider and manager of alternative investment products, has launched Investcorp Insurance Solutions platform, a newly formed business that will focus on providing investment management services for insurers. The company has hired Todd Fonner as Chief Investment Officer, who has over 28 years of experience in the insurance and ... Read the full article
Innovative approaches to insurance-linked investments: Register for live webcast
2nd September 2021
Artemis, our insurance-linked securities (ILS) focused sister site, has partnered with Vesttoo to bring you another live webcast. This time, the discussion will focus on opportunities to access high frequency, low severity Life and Property & Casualty (P&C) insurance asset classes. Register online here to secure your place ... Read the full article
SOMPO invests a further $45 million into One Concern
4th June 2021
SOMPO Holdings has agreed to launch the next phase of its strategic partnership with One Concern to develop the global resilience market. SOMPO will invest an additional $45 million in One Concern as part of the agreement, which will enable One Concern to expand its core capabilities in AI-enabled resilience solutions ... Read the full article
Aon, Willis & Mercer join sustainable investing group
13th May 2021
Fourteen institutional investment consulting firms in the US, including Aon, Willis Towers Watson (WTW) and Mercer, have established a joint working group to advance sustainable investing. Aon Hewitt Investment Consulting, WTW, and Mercer, which forms part of broker Marsh McLennan, will aim to support clients by promoting and improving sustainable investment ... Read the full article
Allianz & SiriusPoint invest in $118m round for Pie Insurance
26th March 2021
Pie Insurance, an insurtech specializing in workers' comp insurance for small businesses, has raised $118 million in a Series C funding round led by Allianz X and Acrew Capital. Also participating in the round were existing investors SiriusPoint, Greycroft, SVB Capital, Elefund, and Moxley Holdings. The investment is expected to help Pie ... Read the full article
Bernhard Capital enters partnership with Gray Surety
22nd March 2021
Bernhard Capital has entered into an agreement to make a significant investment in The Gray Casualty & Surety Company, Gray Insurance’s surety market affiliate. Gray Surety, established 2003, is a surety carrier headquartered in Metairie, LA that provides surety bonds to emerging and mid-market contractors. The Gray Surety team also underwrites commercial ... Read the full article
HSCM enters finance transaction with Eldridge
10th February 2021
Hudson Structured Capital Management (HSCM), the insurance-linked securities (ILS), reinsurance and transportation focused investment manager, has entered a financing transaction with investment firm Eldridge. This transaction will allow HSCM to refinance its start-up obligations and accelerate further growth. It consists of a private debt issuance with warrants that will allow Eldridge ... Read the full article
Uber’s Ryan Graves to invest $50mn in Metromile
2nd February 2021
Metromile, a San Francisco based car insurance start-up, has announced that Ryan Graves intends to make a $50 million investment in the company personally and through his investment firm, Saltwater. Graves, Uber’s former senior vice president of global operation, latest investment includes secondary purchases and participation in the previously announced PIPE ... Read the full article
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