Insurance Linked Investments


ILS capacity tightening to influence June renewals: A.M. Best

An expected tightening of third-party reinsurance capital from insurance-linked securities (ILS) funds and structures is likely to influence pricing at the upcoming mid-year reinsurance renewals, according to A.M. Best.The rating agency explained that while the reinsurance market is adapting to operating under Covid-19 coronavirus pandemic conditions, the fact ILS capacity read the full article →

Premiums ceded to Mt. Logan Re outpaced losses in 2019 for Everest Re

Global insurance and reinsurance group Everest Re ceded more premiums to its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle in 2019 than losses, the first year since 2016 when catastrophe impacts have been far outpaced by premium growth.While 2019 saw its fair share of major global catastrophe loss events read the full article →

Stone Ridge’s interval ILS fund shrinks 10% and shifts further to cash equivalents

Stone Ridge Asset Management’s mutual insurance-linked securities (ILS) fund assets shrank again in the last quarter of record, with overall net assets down more than 7% in the period to January 31st 2020.However, the experience was not evenly shared across Stone Ridge's two mutual ILS fund strategies, as the managers read the full article →

Credit Suisse ILS’ Bernina Re appoints Gubo as Senior Actuary

Bernina Re Ltd., the Bermuda based reinsurance underwriting and transformer vehicle backed by capital from funds managed by Credit Suisse Insurance Linked Strategies Ltd., has hired Thomas Gubo as a Senior Actuary.Bernina Re was launched as a Class 3A reinsurer in 2018, with the aim of becoming the flagship reinsurance read the full article →

Vitality Re health ILS all discounted in secondary market on Covid-19

The secondary market prices for the Vitality Re series of health insurance-linked securities (ILS) transactions have all been discounted on the potential for the ongoing Covid-19 coronavirus pandemic to drive an elevated level of medical benefit claims through to insurer and sponsor Aetna.As we explained more than a week ago, read the full article →

Knipe launches life focused Kilter Finance, KKR commits up to $500m

Kilter Finance has been formally launched today by its founder Dan Knipe, a well-known figure in the life insurance-linked securities and investments marketplace.Knipe was most recently the Deputy Chief Investment Officer at specialist insurance-linked securities (ILS) manager Leadenhall Capital Partners LLP where he managed the life and mortality linked investment read the full article →

Credit Suisse ILS backed Arcus Syndicate 1856 targets 2020 expansion

Arcus Syndicate 1856 at Lloyd’s, which is backed by third-party funds under the management of the Credit Suisse Insurance Linked Strategies team, is targeting an expansion of business across most of the underwriting classes it operates in for 2020.In reporting its 2019 results, the Arcus 1856 team revealed that a read the full article →

Varied April renewal outcomes for ILS funds, as Covid-19 bites

The April reinsurance renewals saw significant rate increases that offered a chance for insurance-linked securities (ILS) funds to create a much higher returning book of Japanese catastrophe risk for their portfolios, but the results appear to have been uneven.While loss-hit Japanese catastrophe reinsurance towers exposed to wind and flood saw read the full article →

Hyperion X partners with Vario to offer whole-account ILS coverage

Hyperion X, the data analytics focused entity of the Hyperion Insurance Group, the global broker and consultancy that includes RKH Reinsurance Brokers, is partnering with Vario Partners LLP to launch a collateralised whole-account reinsurance offering backed by insurance-linked securities (ILS).Vario Partners was launched as a specialist and capital markets focused read the full article →

Nephila’s Syndicate 2357 lifts capacity target for 2020 to $554m

Nephila Capital, the largest insurance and reinsurance linked investment manager in the market, has again slightly lifted its stamp capacity target for the coming year to $554 million for 2020 for its syndicate at Lloyd's.In 2019, Nephila's syndicate suffered a loss of of almost $84.4 million, which was around 50% read the full article →