ILS

Philip R. Lane: Disinflation in the euro area: an update

Retrieved on: 
Thursday, April 18, 2024
Element, Reproduction, SAFE, Speech, Conference, Growth, Brookings Institution, Disinflation, Finance, Projection, Exercise, ECB, Real, Risk, Frankfurt, Bank, SPF, Policy, Communication, ILS, HICP, OIS, DFR, GDP, The, APP, Watcher, Bangladesh Technical Education Board, Probability, Swings, Fiscal, Acceleration, Goethe University Frankfurt, Personal ordinariate, PEPP, CTS, European Central Bank, Fear, Bookkeeping

Stock market development and familiarity (language and distance) are considered key determinants for home bias.

Key Points: 
  • Stock market development and familiarity (language and distance) are considered key determinants for home bias.
  • The literature neglects however that investors often invest in foreign funds domiciled in financial centers.

Independent Living Systems Soars to Top of the List: Named Largest Latino-Owned Health Care Company in the US

Retrieved on: 
Thursday, April 4, 2024
Health, Organization, BMO, ILS, Management

The prestigious ranking reflects Independent Living Systems' commitment to executing its growth strategy through delivering person-centered, comprehensive health and social care to vulnerable populations.

Key Points: 
  • The prestigious ranking reflects Independent Living Systems' commitment to executing its growth strategy through delivering person-centered, comprehensive health and social care to vulnerable populations.
  • The ranking is based on the 2024 Latino Leaders Index, a list that acknowledges the growing influence of Latino-owned businesses across the country.
  • The rankings are based on revenue for companies that are majority owned by a Latino or Latina.
  • Through diverse partnerships and a compassionate staff, ILS ensures person-centered, comprehensive health and social care for more than four million members.

Nayax Completes Acquisition of Roseman, a Leading Global Fuel, EV Fleet and Management Solution Provider

Retrieved on: 
Thursday, April 4, 2024
EV, POS, Growth, Roseman, Acquisition, Point of sale, ILS, Software, AVI, EMV, Hand, Sales

HERZLIYA, Israel, April 04, 2024 (GLOBE NEWSWIRE) -- Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX), a leading global commerce enablement, payments, and loyalty platform designed to help merchants scale their business, today announced the acquisition of Roseman Engineering Company Ltd. and Roseman Holdings Ltd. ("Roseman"), a leading global fuel and electric vehicle (EV) management solution provider.

Key Points: 
  • HERZLIYA, Israel, April 04, 2024 (GLOBE NEWSWIRE) -- Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX), a leading global commerce enablement, payments, and loyalty platform designed to help merchants scale their business, today announced the acquisition of Roseman Engineering Company Ltd. and Roseman Holdings Ltd. ("Roseman"), a leading global fuel and electric vehicle (EV) management solution provider.
  • The acquisition and Roseman’s technology strengthen Nayax’s existing offerings in the energy sector, which includes Point of Sale (POS) devices and software that is utilized by EV charging station operators worldwide.
  • The addition of Roseman’s expertise and technology provides Nayax’s customers with a comprehensive solution that addresses fleet management, cloud management, and AVI (Automatic Vehicle Identification) applications.
  • "Aligning with Nayax opens up significant opportunities for Roseman to enhance and expand its product and solution offerings.

Hadron Announces Sam Reeder as Group CEO

Retrieved on: 
Thursday, April 4, 2024
Insurance, Professional Services, Growth, AIG, Business, Risk, ILS, Gamma globulin, Corporate development

Hadron , a pioneering specialty insurer designed to help Managing General Underwriters (MGUs) accelerate their growth with flexible capacity and efficient reinsurance access, today announced the appointment of Sam Reeder as Chief Executive Officer.

Key Points: 
  • Hadron , a pioneering specialty insurer designed to help Managing General Underwriters (MGUs) accelerate their growth with flexible capacity and efficient reinsurance access, today announced the appointment of Sam Reeder as Chief Executive Officer.
  • Reeder previously spent four years as the CEO of Validus Specialty Underwriters, a US-based Lloyd’s-approved coverholder and underwriting agency wholly owned by AIG, focused on providing specialty insurance solutions for U.S. insureds and their global exposures.
  • He will lead a seasoned management team at Hadron that averages over 20+ years of experience per member.
  • “This is a critical inflection point for the specialty insurance industry, and I am thrilled to lead Hadron and help drive its pioneering approach to meet the market’s needs,” said Reeder.

SageSure and SURE Close $250 Million Catastrophe Bond at a 67% Upsize

Retrieved on: 
Wednesday, March 27, 2024
Professional Services, Residential Building & Real Estate, Insurance, Commercial Building & Real Estate, Finance, Construction & Property, Growth, Bookrunner, Partnership, Class, ILS, Gateway, Swiss Re, AA

SageSure , one of the largest managing general underwriters focused on catastrophe-exposed markets, and SureChoice Underwriters Reciprocal Exchange (“SURE”) , a policyholder-owned reciprocal exchange, today announced the close of the Gateway Re 2024-1 catastrophe bond at $250 million, a 67 percent upsize from the midpoint of its initial $100-$200 million target range.

Key Points: 
  • SageSure , one of the largest managing general underwriters focused on catastrophe-exposed markets, and SureChoice Underwriters Reciprocal Exchange (“SURE”) , a policyholder-owned reciprocal exchange, today announced the close of the Gateway Re 2024-1 catastrophe bond at $250 million, a 67 percent upsize from the midpoint of its initial $100-$200 million target range.
  • “Since 2022, capital markets have played a key role in SURE’s reinsurance program,” said Ed Konar, President of SURE.
  • “SageSure is proud to support our underwriting partners in securing diversified, multi-year reinsurance capacity,” said Terrence McLean, CEO of SageSure.
  • “This transaction brings total catastrophe bond issuances across our underwriting partners to more than $1 billion in only 24 months.

Aura Biosciences Reports Fourth Quarter and Full Year 2023 Financial Results and Business Highlights

Retrieved on: 
Wednesday, March 27, 2024
Oncology, FDA, Health, Clinical Trials, Pharmaceutical, Biotechnology, NMIBC, Research, Melanoma, Growth, Disease, SPA, Incidence, Paratriathlon, Inflammation, Patient, Necrosis, Travel, Light, Aes, American Academy, Cancer, Șaeș, Bladder cancer, Radiation, Eye, Doctor of Philosophy, MIBC, Visual acuity, Neoplasm, ILS, Aura, Safety, Recurrence, AAO, Annual general meeting, Food, Pharmaceutical industry

Aura Biosciences, Inc. (NASDAQ: AURA), a clinical-stage biotechnology company developing precision immunotherapies to treat solid tumors to preserve the function of the afflicted organ with cancer, today reported financial results for the fourth quarter and year ended December 31, 2023, and provided recent business highlights.

Key Points: 
  • Aura Biosciences, Inc. (NASDAQ: AURA), a clinical-stage biotechnology company developing precision immunotherapies to treat solid tumors to preserve the function of the afflicted organ with cancer, today reported financial results for the fourth quarter and year ended December 31, 2023, and provided recent business highlights.
  • The primary endpoint is time to tumor progression when the last patient completes 15 months of follow up.
  • As of December 31, 2023, Aura had cash and cash equivalents and marketable securities totaling $226.2 million.
  • General and administrative expenses include $1.2 million and $1.1 million of stock-based compensation for the three months ended December 31, 2023 and 2022, respectively.

Ingersoll Rand to Acquire ILC Dover to Expand Presence in Life Sciences

Retrieved on: 
Monday, March 25, 2024
Chemicals, Plastics, Aerospace, Manufacturing, Pharmaceutical, Professional Services, Medical Devices, Asset Management, Genetics, Other Manufacturing, Biotechnology, Machinery, Machine Tools, Metalworking & Metallurgy, Packaging, Health, Engineering, Conference call, Conference, ILC Dover, Growth, Goldman Sachs, ILC, Ingersoll Rand, Partnership, Simpson Thacher & Bartlett, Acquisition, LLP, ILS, DGX, Adjustment, Earnout, Investment, Jefferies Group, Kirkland & Ellis

In connection with this acquisition, Ingersoll Rand will establish a life sciences platform within its P&ST segment, consisting of ILC plus Ingersoll Rand’s life science-focused brands including Thomas, Welch, Zinsser Analytic, Tricontinent, Air Dimensions, and ILS.

Key Points: 
  • In connection with this acquisition, Ingersoll Rand will establish a life sciences platform within its P&ST segment, consisting of ILC plus Ingersoll Rand’s life science-focused brands including Thomas, Welch, Zinsser Analytic, Tricontinent, Air Dimensions, and ILS.
  • Corey Walker, ILC President and CEO, will lead the life sciences platform and join the Ingersoll Rand leadership team, reporting to Vicente Reynal, chairman and chief executive officer.
  • “This acquisition is the next phase of our long-term vision to expand into higher-growth end markets like life sciences.
  • We see a strong fit between Ingersoll Rand and ILC, and we are confident that Ingersoll Rand is the right partner for its next stage of growth.”
    This acquisition is immediately accretive to Ingersoll Rand’s growth and margin rates.

Everlaw and International Litigation Services Announce Strategic Partnership

Retrieved on: 
Tuesday, March 19, 2024
Consulting, Data Management, Class Action Lawsuit, Technology, Professional Services, Business, Other Technology, Apps, Applications, Data Analytics, Software, Legal, AI, Partnership, Intelligence, Algorithm, Consultant, ILS, MDL, Tobacco

Everlaw , the cloud-native investigation and litigation platform, today announced a multi-year strategic partnership with the plaintiffs’ ediscovery firm, International Litigation Services (ILS).

Key Points: 
  • Everlaw , the cloud-native investigation and litigation platform, today announced a multi-year strategic partnership with the plaintiffs’ ediscovery firm, International Litigation Services (ILS).
  • Together, the companies’ offerings will enable best-in-class services on the Everlaw platform for the plaintiffs bar, helping clients chart a straighter path to the truth.
  • “ILS gives plaintiffs’ firms the leading edge when it comes to everything ediscovery, and we’re excited that our new partnership with Everlaw will extend that opportunity.”
    Everlaw and ILS are partnering on a high-profile, high-impact multi-district litigation case.
  • “Plaintiff firms look to ILS to deliver critical expertise, skills and project management, and with Everlaw, they’ll access best-in-class ediscovery services for both quality and speed.

Best’s Market Segment Report: Disciplined Deployment of Capital Pays Off in Record-Breaking Year for Insurance-Linked Securities Market

Retrieved on: 
Monday, March 18, 2024
Other Professional Services, Professional Services, Insurance, Finance, ILW, Growth, Risk, ALL, News, ILS, Hurricane Ian, AM Best, USD

Rate increases during the Jan. 1, 2024, renewal season were more muted than last year, and risk-adjusted spreads have started to narrow, amid the disciplined deployment of capital by providers.

Key Points: 
  • Rate increases during the Jan. 1, 2024, renewal season were more muted than last year, and risk-adjusted spreads have started to narrow, amid the disciplined deployment of capital by providers.
  • “Capital inflows have mostly matched the growth in reinsurance demand rather than exceeded it,” said Emmanuel Modu, managing director, insurance-linked securities, AM Best.
  • Guy Carpenter and AM Best estimate total ILS market capacity at about USD 100 billion at year-end 2023, which is up about USD 4 billion from a year earlier.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Hamilton Sponsors New Catastrophe Bond Easton Re Series 2024

Retrieved on: 
Thursday, March 14, 2024
Professional Services, Insurance, Natural Disasters, Environment, HG, Risk, ILS, Senior, MMC, Multimedia, Bookrunner

Hamilton Insurance Group, Ltd. (NYSE: HG) (“Hamilton” or “the Company”) announced today the sponsorship of a new catastrophe bond through the issuance of Series 2024-1 notes by Easton Re Ltd. (“Easton Re”).

Key Points: 
  • Hamilton Insurance Group, Ltd. (NYSE: HG) (“Hamilton” or “the Company”) announced today the sponsorship of a new catastrophe bond through the issuance of Series 2024-1 notes by Easton Re Ltd. (“Easton Re”).
  • “We are extremely pleased to announce the success of our second sponsorship of Easton Re bonds,” said Hanni Ali, Senior Vice President.
  • “That we have secured more retrocession than initially targeted and at a better price than original guidance, underscores investor confidence in Hamilton.
  • We are encouraged by the continued support and aim to further build on our relationships with ILS investors.”
    The Easton Re catastrophe bond has been issued from Bermuda and the risk period will run from January 1, 2024 through December 31, 2026.