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Bermuda-based special-purpose insurer Herbie Re Ltd has listed $80 million worth of notes on the Bermuda Stock Exchange. The Series 2022-1 notes are due on January 8, 2027, the BSX said in a statement. The listing sponsor is Clarien BSX Services Ltd...

Capital unable to get significant returns from ILS investment could bolt for greener pastures, a Fitch Ratings assessment has determined. The report says the fallout from Hurricane Ian could test the investor appetite for bonds. Reinsurers have used ...

The reinsurance industry must develop more respect for its capital, a leading insurance executive told attendees at Convergence 2022, presented by ILS Bermuda. Albert Benchimol, president and CEO of Axis Capital, said: “The reason we need reinsurers ...

Key participants in the alternative reinsurance, convergence and insurance-linked securities marketplace come together this week for networking and education sessions at Convergence 2022 ILS Bermuda organisers believe clients have a unique opportunit...

AM Best is to hold a free analytical briefing on the expanding non-catastrophe insurance-linked securities market. The briefing is on Tuesday, June 21 at 11am Bermuda time. The ratings agency said prominent reinsurers and specialist underwriters incr...

Palomar Holdings Inc, the parent company of island-based Palomar Specialty Reinsurance Company Bermuda Ltd, has announced the successful completion of June 1 reinsurance renewals. The company said it had procured approximately $430 million of increme...

Just 14 per cent of Bermuda reinsurers and Insurance Linked Securities funds surveyed have a developed approach to ESG — environment, social and governance — risks, according to a new study. And the report commissioned by the Bermuda Business Develo...

Artex, an alternative risk solutions company, has announced the transition of Horseshoe to Artex. Artex expanded its ILS offerings with the acquisition of Horseshoe in 2019. “Horseshoe has always been more than just an ILS specialist firm and the Art...

Bermudian-based RenaissanceRe has made a senior appointment to its Capital Partners team, hiring Keenan Press as a vice-president. Mr Press will lead the investor due diligence function, reporting to Chris Parry, who is SVP, global head, Capital Part...

The UK government has been told that the “inflexible culture” of British regulators has hindered efforts to develop markets for insurance-linked securities, captive insurance and other new forms of insurance business. Artemis has outlined how the...

ILS Bermuda Ltd, which promotes economic development through the growth of insurance-linked securities and alternative risk transfer on the island, has appointed Jo Stanton as chairwoman of the ILS Bermuda Committee. Ms Stanton succeeds Kathleen Fari...

The overall performance of insurance-linked securities (ILS) funds has slipped despite another year of record cat bond issuance, according to a Best’s Special Report. AM Best said that the global ILS market also remained saddled with prior catastroph...