Personal Insurance

LGT ILS Partners' reinsurer Lumen Re reports higher revenues for 2022

Lumen Re, the rated reinsurance company of LGT ILS Partners, the specialist dedicated insurance-linked securities (ILS) investments unit of the,.. Read More

CSC hires Citi's John Cuciti for reinsurance trust business expansion

CSC, a provider of global business administration and compliance solutions, has announced the hiring of former Citi executive John Cuciti,.. Read More

RenRe's third-party capital & ILS fee income rises 65.5% to $56.7m in Q2

RenaissanceRe has reported a significant year-on-year uplift in its fee income earned from third-party reinsurance capital and insurance-linked securities (ILS),.. Read More

Clear Blue rating under review with negative implications on Vesttoo issues

Fronting specialist Clear Blue Insurance Insurance Group has had its A- financial strength rating placed under review with negative implications,.. Read More

RenRe raised $350.5m of third-party capital for cat bond strategies in Q2

RenaissanceRe (RenRe), the Bermuda headquartered global reinsurance firm and third-party capital management specialist, has reported raising $350.5 million of new,.. Read More

Vesttoo: Updated statement says appears "procedures were circumvented"

Insurtech Vesttoo has issued an updated statement related to the allegations that some of the letter of credit (LOC) collateral,.. Read More

AM Best to review fronting collateral in light of Vesttoo news

Rating agency AM Best has said that it will review the collateral arrangements of all fronting companies that it provides,.. Read More

Florida at inflection point, but long way to regain semblance of normalcy: ALIRT

The Florida property insurance marketplace is still a long way off becoming a stable environment for carriers to operate in,,.. Read More

About MCCA: Everything Drivers Need to Know.

Frankly speaking, auto insurance can be a bit complicated, especially if you live in Michigan. Due to recent changes in,.. Read More

Swiss Res Vita Capital mortality bond trades down, loss potential rising

The secondary market price for the mortality catastrophe bond transaction that was sponsored by global reinsurance firm Swiss Re,.. Read More

Fronting company Obsidian says Vesttoo exposure "de minimus"

Obsidian Insurance Holdings, Inc., a hybrid program insurance and fronting carrier holding company, has told us that any impact from,.. Read More

Selective says no reinsurance response to elevated Q2 storm losses

One of the trends coming out of the second-quarter is the elevated level of convective storm and severe weather losses,.. Read More