Category: Partners & Alumni

Altor Re launches as reinsurance and ILS focused broker in London

Altor Re Ltd, a new London based brokerage that specialises in placing insurance-linked securities (ILS) and reinsurance business globally, has officially been launched by founder Raj Jadeja.  Established in October 2024, the company is “poised to revolutionise” the reinsurance brokerage landscape, leveraging data-driven techniques in order to meet the evolving needs of its clients.  Moreover, Altor […]

BSX maintains position as ILS listings leader, with ~92% of cat bond market

The Bermuda Stock Exchange (BSX) has maintained its position as the leading exchange in the world for the listing of insurance-linked securities (ILS) instruments in 2024, with roughly 92% of outstanding catastrophe bond issuance finding a home there as of the end of the year. In the catastrophe bond and related private ILS space, the […]

Cat bond inflows help expand alternative reinsurance capital to $113bn: Aon

By the end of September this year, the amount of alternative capital in the reinsurance industry had increased by 5% over the nine-months of 2024, to reach another new high of $113 billion, helped by retained earnings and catastrophe bond market inflows, broker Aon has said. Overall, total dedicated reinsurance market capital expanded by almost […]

Munich Re secures Eden Re II reinsurance sidecar at $150m again for 2025

Having begun its Eden Re II Ltd. collateralized reinsurance sidecar placements with the largest Class A tranche of notes since 2019, global reinsurer Munich Re has now added the usual Class B issuance, but this tranche has been placed at just $85.5 million, which is the smallest size for that layer since right back in […]

UCITS catastrophe bond funds average 13.62% return for 2024: Plenum Indices

Catastrophe bond fund strategies in the UCITS format have averaged a 13.62% return for full-year 2024, according to the latest data from the Plenum CAT Bond UCITS Fund Indices. While this is behind the record returns achieved in 2023, it remains historically very high and more than double the previous annual high of 6.28% in 2013. […]

Insurance Authority welcomes Silk Road Re cat bond, sixth under Hong Kong ILS regulations

Hong Kong’s Insurance Authority (IA) has welcomed the recent issuance of the latest and sixth catastrophe bond under its insurance-linked securities (ILS) regulatory regime, saying the US $35 million Silk Road Re Limited cat bond sponsored by Taiping Re reinforces its commitment to the sector. As we’ve been reporting, Taiping Re secured a three-year source of fully-collateralized retrocessional […]

Flood drives 78% of $18.2bn major non-US international cat losses in 2024: CRESTA

The CRESTA organisation, which tracks catastrophe events outside the United States that have generated insurance industry losses of over US $1 billion, has reported the 2024 annual total as reaching US $18.2 billion, of which 78% came from flood events. Aggregate insured losses from non-US catastrophe loss events came in slightly below the long-term average […]

Galapagos Capital gets SUSEP authorisation for SSPE structure to issue ILS in Brazil

Galapagos Capital has now received the expected official authorisation from Brazil’s insurance regulator SUSEP to establish its own Sociedades Seguradoras de Propósito Específico (SSPE), a special purpose reinsurance vehicle that can issue Letra de Risco de Seguro (Insurance Risk Letters), which are insurance-linked securities (ILS). The move puts Galapagos Capital on track to achieve its […]