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Bermudian-based reinsurer Ariel Re has sponsored a 144A index-triggered catastrophe bond issued by Bermuda special purpose insurer Titania Re Ltd. The company said Titania Re will provide $175 million of multiyear collateralised reinsurance cover to ...

Bermudian-headquartered Nephila Capital is to launch a new ILS investor-backed Lloyd’s specialty syndicate, 2358. The investment manager said the syndicate would allow Nephila investors the opportunity to access the specialty insurance market in addi...

Bermuda market veteran Ben Wright has been appointed to the post of senior vice-president, insurance management, at Horseshoe, the Bermudian-based leading ILS specialist and fund administrator. In his new role, the company said, Mr Wright will be res...

Markel Corporation is to wind down Bermuda-based Lodgepine Capital Management Limited, the company’s retrocessional insurance-linked securities fund manager. The company said that it has entered into a consultation period with Lodgepine's 18 employee...

The head of the Bermuda Stock Exchange has hailed the importance of its listing of the first catastrophe bond to be issued out of Hong Kong. The $30 million Greater Bay Re Ltd, Series 2021-1, cat bond secures protection against losses inflicted by ty...

A key industry conference has been cancelled because of concerns around the Covid-19 pandemic. Convergence 2021, presented by ILS Bermuda, was to have been held as a hybrid in-person and virtual event on October 6 at the Hamilton Princess and Beach C...

A Bermuda-based investment manager has called on finance automation software provider Phinsys in order to streamline its financial reporting. Pillar Capital Management Ltd is an island-based collateralised reinsurance and catastrophe insurance-linked...

Bermuda’s insurance regulators have created an advanced catastrophe bond registration process that puts the island light years ahead of the competition. Cat bond sponsors looking to locate such structures on the island can take advantage of streamlin...

Bermuda remains the favoured jurisdiction for catastrophe bond issuance, even though there’s now more choice than ever for sponsors with new jurisdictions, notably in Asia, increasingly looking to grow their market share. This consensus emerged from ...

Axis Capital Holdings Ltd has appointed Bermuda market veteran Chris Caponigro as global head of the rebranded business segment Axis ILS. The rebranding of its third party capital unit as Axis ILS was announced by the Bermudian-based re/insurer in ta...

Bermudian business executive Jasmine DeSilva has joined Horseshoe as senior vice-president, ILS Strategic Initiatives and Business Development. Ms DeSilva joins the ILS powerhouse from the Bermuda Business Development Agency, where she served as the ...

Industry veteran Erik Manning is to join the Bermuda office of Miller, the independent specialist re/insurance broker, as head of Insurance-Linked Securities. Mr Manning is due to commence his role in the third quarter of this year, subject to approv...