FULL ORIGINAL PUBLICATION HERE While other jurisdictions are increasingly keen to realise the benefits of facilitating ILS transactions, regulatory oversight and institutions have helped Bermuda maintain its place as the leading domicile for the asset class. This is according to Alison Dyer-Fagundo, Managing Director of Estera (Bermuda) and Sherman Taylor, Associate Director, Estera (Bermuda), who […]

ORIGINAL PUBLICATION HERE NB Reinsurance, a Bermuda-based issuer of ILS, has completed an offering of 19,231 non-voting preferred shares on BSX, effective June 3, 2019. The shares were issued at $1,000.00 per share, to raise $19.2m. Clarien BSX Services acted as listing sponsor, while Conyers Dill & Pearman served as legal advisor. Horseshoe Group acts […]

FULL ORIGINAL PUBLICATION HERE Global reinsurance firm Swiss Re said today that it is “excited” to promote the development of an insurance-linked securities (ILS) and catastrophe bond market in Asia, with the completion of the first cat bond it has facilitated in Singapore, the $100 million First Coast Re II Pte. Ltd. (Series 2019-1). As we […]

ORIGINAL PUBLICATION HERE Florida based primary insurer Security First Insurance Company is set to be the beneficiary of the first full 144A catastrophe bond to be issued in Singapore, as a $100 million First Coast Re II Pte. Ltd. (Series 2019-1) transaction has now been priced and is set for completion. This will officially be the first […]

ORIGINAL PUBLICATION HERE The Bermuda Stock Exchange (BSX), which houses the majority of the world’s outstanding catastrophe bond market as listings on its exchange, is pushing the insurance-linked securities (ILS) asset class as an investment with Environmental, Social and Governance (ESG) qualities. The BSX has launched its own ESG initiative, as it looks to encourage […]

FULL ORIGINAL PUBLICATION HERE U.S. primary insurer Safepoint is set to issue a new catastrophe bond in Singapore, as a $75 million Manatee Re III Pte. Ltd. (Series 2019-1) transaction launches to the market. This will be among the first full 144a catastrophe bond to be issued in Singapore under its new insurance-linked securities (ILS) regulatory regime, […]

ORIGINAL PUBLICATION HERE The re/insurance world has been grappling with the possibilities posed by insurtech for some years, but is it just a slogan, or a bubble that will burst, or is there something more tangible emerging? Bermuda:Re+ILS investigates. Insurtech is a word that gets a lot of people very excited, as a possible game-changer […]

ORIGINAL PUBLICATION HERE Radian Guaranty has now completed its second issuance of mortgage insurance-linked securities (ILS), citing a pleasing response from investors to its $562 million Eagle Re 2019-1 Ltd. that secures it additional reinsurance capacity from the capital markets. The transaction has been in the market for some weeks now and saw Radian Guaranty looking to […]

ORIGINAL PUBLICATION HERE Over the last two decades, the capital structure of the reinsurance business has fundamentally shifted, driven by the forceful nature of third-party, or alternative reinsurance capital, according to Aditya Dutt of RenaissanceRe. Now, the capital market is the first avenue people turn to when major catastrophe losses strike, with deployment of third-party […]

ORIGINAL PUBLICATION HERE ILS Capital Management Ltd, the Bermudian-based manager of insurance-linked securities investments, delivered a double-digit return to a major investor last year. Bob Jacksha, chief investment officer of the New Mexico Educational Retirement Board, a $12.9 billion pension fund, said their investment with the Bermudian fund manager produced a return of 11.4 per […]