Gallagher takes ownership of Resilience Re private cat bond platform

Gallagher takes ownership of Resilience Re private cat bond platform

Arthur J. Gallagher (AJG) has actually taken ownership of another private disaster bond issuance platform and insurance-linked securities (ILS) transformer automobile, with the formerly Willis Towers Watson owned Resilience Re Ltd. passing throughout to the business as part of its recently completed acquisition of Willis Res treaty reinsurance operations.Resilience Re Ltd. was launched in Bermuda by Willis Capital Markets & & Advisory back in 2014. That unit consequently became Willis Re Securities, which has now been acquired by AJG and enters into its reinsurance broking offering under Gallagher Re and we expect may be named Gallagher Re Securities in time.
The concept was to broaden out the firms offering to include a platform to streamline client access to catastrophe bond capability.
Providing customers a more affordable way to access sources of ILS and collateralized reinsurance capital, with completion result being a cat bond like issuance of securitized, syndicated however privately placed notes, Resilience Re was created to also make accessing the feline bond market for capacity quicker and easier.
In part, this was to be achieved through simplified processes and paperwork for qualifying threats, offering clients access to dedicated reinsurance transformers together with standardised reinsurance and securitization treatments.
Willis had some success with the Resilience Re platform, with the lorry responsible for twelve of the personal disaster bond problems that weve seen and taped in our Artemis Deal Directory.
Those twelve issues that we sourced details on totaled up to just over $1 billion of threat capital released.
Its most likely Resilience Re had been more widely utilized than that, as we only list the deals we have the ability to source enough details about.
For AJG and Gallagher Re, the Resilience Re private cat bond will include to the variety of alternatives readily available to its clients.
Of course, AJG already owns Horseshoe, by means of Artex Risk Solutions and Horseshoe has its own really successful reinsurance transformer and personal cat bond or ILS issuance automobile, Eclipse Re Ltd
. Having two such cars at its disposal is no bad thing, however it will be intriguing to see whether Resilience Re ever sees the light of day once again, given Eclipse Re has been even more respected over the last few years.
The last private cat bond from Resilience Re was issued in April 2019.
Where as, Eclipse Re has actually released 10 deals amounting to over $411 million of threat capital in 2021 alone.
Gallagher International Holdings (U.S) Inc. is now the direct shareholder in control of Resilience Re Ltd., with AJG an indirect 50% shareholder.
You can find details on every personal disaster bond weve ever tracked in our Artemis Deal Directory, use the filter by type to view only private deals.

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