U.S.-based venture capital firm Insight Partners has confirmed that hackers breached its systems in January. When reached by TechCrunch, Insight Partners confirmed the cybersecurity incident in a statement published Tuesday. Calcalist first reported the breach earlier in the day. In its statement, Insight Partners said it detected that an “unauthorized third party” had accessed “certain … Read more
Euler ILS Partners, the specialist insurance-linked securities (ILS) investment manager, has issued an updated event report for the California wildfires, saying it believes the insurance industry loss may sit between $23 billion to $33 billion.In January, the investment manager released its first event report from the wildfires, where analysts initially estimated that insured losses from … Read more
According to independent insurance-linked securities (ILS) investment manager Euler ILS Partners, the Los Angeles, California wildfires could have a significant impact on US pricing, especially if insurance industry losses were to exceed $30 billion.As we’ve been reporting, official reports state that over 17,000 structures have been damaged or destroyed by the wildfires, and the first … Read more
Among the hedge fund investment sectors set to benefit from rising institutional investor interest in 2025, Agecroft Partners believes that reinsurance focused insurance-linked securities (ILS) strategies are “poised to attract substantial capital inflows in 2025.”Agecroft Partners, the hedge fund consulting and marketing specialist, has published its annual predictions for the biggest trends in the hedge … Read more
Arch Re, the reinsurance underwriting arm of global re/insurer Arch Capital Group, has hired Nicole Chase who was most recently at Everest’s third-party capital and ILS platform Mt. Logan, as Deputy General Counsel for Arch Re Capital Partners & Reinsurance.Chase had worked at Everest Group since 2016, first as an Associate General Counsel for Everest … Read more