Hurricane Charley Florida 2004

Florida insurer Frontline debuts $350mn cat bond


Swiss Re Capital Markets has structured the issuance of a $350mn ILS transaction on behalf of the US insurer Frontline, highlighting the continuing appetite of capital markets investors to support cat risk securitisations.


Liberty Mutual’s Limestone Re grows to almost $700mn


US insurance giant Liberty Mutual’s Bermuda-based sidecar Limestone Re has bolstered its collateral by $278mn after a new private placement.

Storm, Caribbean

JLT Capital Markets places $45.3mn cat bond


JLT’s alternative capital business has completed a $453mn catastrophe bond transaction. 


MMC creates new alternative risk unit combining Marsh and GC talent


The expansion of alternative risk capital beyond its property cat reinsurance heartland and into new classes of business is at the heart of a new MMC initiative aiming to draw together experts from its retail broking powerhouse, Marsh, and its reinsurance sister organisation, Guy Carpenter.

Bermuda, Hamilton

Credit Suisse launches Bermuda reinsurer Bernina Re


Credit Suisse, one of the industry’s two largest ILS fund managers, has launched a Bermudian reinsurer Bernina Re which will act as a transformer vehicle for many of its ILS transactions.


Aeolus NOT the ILS fund on $250mn Nationwide 'top and drop' layer


Blue-chip reinsurance fund manager Aeolus is not the alternative market that shared the placement with Swiss Re on US mutual Nationwide’s top $250mn layer that renewed at 1.6.

london city leadenhall st sign

Leadenhall’s new ‘remote risk’ fund trebles in size to $60mn


ILS fund manager Leadenhall Capital Partners has seen its new “remote risk” fund almost treble in size to $60mn while its overall assets under management expand to a record $5bn, can reveal.

london city leadenhall building

Leadenhall Capital’s assets under management swell to more than $5bn


London-based ILS fund manager Leadenhall Capital Partners has grown its assets under management to exceed $5bn in the first half of the year.

New york skyline at twilight hour (26741311086)

Guy Carp hires Goldman’s Kumar as new GC Securities chief


Guy Carpenter has recruited Goldman Sachs’ executive Shiv Kumar as the new president and global leader of its GC Securities Capital Markets unit.

Bermuda, waterfront

Fidelis mints $50mn Bermuda sidecar


Fidelis has launched a $50mn ILS sidecar based in Bermuda to provide collateralised capacity support for the carrier’s reinsurance book.

Cty of london lloyds

Lloyd’s broker AFL pushes into ILS market


Lloyd’s broker AFL has hired big data specialist James Poole to head up its new ILS advisory business Agile Risk Advisory, the company announced today (4 June).

222 scor logo

Scor sponsors $300mn UK cat bond


French carrier Scor has sponsored a new $300mn catastrophe bond in one of the first transactions under the UK’s new regime aimed at attracting ILS capital to the country.

reinsurance capital at new record high 29.05

Florida casts pricing gloom with 1.6 cat renewals


Despite a double-dip of falling cat reinsurance rates in the Sunshine State and last year’s circa $140bn of losses, pricing on Florida’s cat programmes is typically only expected to inch up by a few percentage points at the key renewal later this week.