Alternative Capital
The emergence of a $30bn global marketplace for insurance-linked securities has served as evidence of the increasingly prominent role third-party capital now plays in risk transfer. Over the medium to long-term this sector is expected to continue its growth as investors take advantage of the low correlation insurance has with other asset classes. This section brings together Insurance Day’s coverage of alternative capital and the way it is helping reshape global insurance markets.
Bermuda special-purpose insurer registrations dip in 2021
Registrations down 10% from previous year's record level, with more than half related to mortgage ILS
Scor launches $200m sidecar with Swedish pension fund
Alecta ramps up ILS strategy with allocation to Scor following significant deal with Swiss Re
MS Amlin launches second Asia ILS vehicle
New vehicle will provide collateralised capacity for reinsurance portfolio written out on Lloyd's carrier's Singapore platform
Cat bond issuance hits new record
Issuance rises 15% to $14bn in 2021 driven by catastrophe bonds
Farmers completes $160m Topanga Re cat bond deal
Catastrophe bond provides cover against US disasters
Validus completes $400m Tailwind Re retro cat bond deal
Upsized deal provides protection against losses from named storms and earthquakes in the US and Canada
Nephila taps London Bridge Risk for new syndicate funding
Capital provided through the Lloyd's transformer vehicle will be used to support investment manager's follow-only syndicate
American Family upsizes Four Lakes Re cat bond
Mutual increases bond to $125m owing to investor demand
Farmers closes $160m Topanga Re cat bond
Upsized deal is Farmers' first venture into the catastrophe bond market
Validus returns to cat bond market with $275m Tailwind Re deal
Bond to cover named storms and earthquakes in the US and Canada
Hannover Re targets $100m of retro cover with new cat bond
Latest issuance to provide protection against losses from US storms and wildfires, earthquakes, European windstorms and Japanese typhoons
UK proposes exempting ILS from stamp duty
Legislation seeks to make the UK a more attractive location for ILS business
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