Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

24 February 2018

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LGT raises $350mn for Lumen Re

9 February 2018

LGT ILS Partners launched its Bermudian rated vehicle Lumen Re with $350mn of equity, according to an AM Best rating report.

Lumen Re was formed out of LGT's Collateralised Re vehicle in December, and was awarded an A rating by AM Best.

The vehicle expects to generate a stable income during the next five years with an operating ratio target of approximately 76 percent, the rating agency said.

Premium and fee-related income over this period is forecast to comprise 66...

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