Insurance Linked Investments

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NZ Gov Super Fund says ILS still “appropriate to objectives” despite losses

The Government Superannuation Fund Authority of New Zealand, an autonomous entity that manages the pension assets of state sector employees, said that its allocations to insurance-linked securities (ILS) remain "appropriate to objectives" despite having fallen to a negative return in the last year.The New Zealand Government Superannuation Fund has been read the full article →

Stone Ridge’s Longtail reinsurance platform continues to take shape

Stone Ridge Asset Management, the New York based mutual fund manager with a focus on alternative risk premia strategies including reinsurance and insurance-linked securities (ILS), continues to work on the establishment of its new Longtail reinsurance platform.We first reported that Stone Ridge Asset Management had established Longtail Insurance Holdings Ltd. read the full article →

Blue Capital listed ILS fund dented by loss creep in Q3

Loss creep from prior year events has struck the in run-off listed insurance-linked securities (ILS) investment fund strategy, managed by ILS and collateralized reinsurance specialist fund manager Blue Capital Management.The stock exchange listed Blue Capital Alternative Income Fund which had delivered a positive 2.9% return in the second-quarter of 2019, read the full article →

ILS “increasingly front & center” for investment & risk transfer: WTW

Insurance-linked securities (ILS) in their various forms are "increasingly front and center" when it comes to selecting risk transfer and investment options, broker Willis Towers Watson believes.The insurance and reinsurance broker surveyed the ILS market, both cedant companies and investors, to take the temperature of the market, finding that the read the full article →

RenRe’s Fibonacci Re ILS investors redeem more of their capital

Investors in RenaissanceRe's insurance-linked securities (ILS) vehicle Fibonacci Re Ltd. have been able to redeem some more of their capital, while one tranche has now been allowed to fully mature and the other extended further.RenaissanceRe, the Bermudian reinsurance firm and third-party capital manager, has been managing its Fibonacci Re Ltd. read the full article →

Arch’s mortgage ILS pass $4.7bn as $577m Bellemeade Re 2019-4 closes

The fourth mortgage insurance-linked securities (ILS) transaction of the year for Bermuda-headquartered re/insurer Arch Capital Group Ltd. takes its total issuance of mortgage ILS notes to over $4.7 billion, thanks to the $577 million Bellemeade Re 2019-4 Ltd. deal.As we reported over a week ago, Arch Capital returned to the read the full article →

Life settlements forecast for double-digit CAGR over next decade: Conning

The life settlements market could experience a double-digit compound gross market annual growth rate (CAGR) over the next decade, according to a forecast from investment management consultancy Conning.There are a number of insurance-linked securities (ILS) fund managers who allocate to life settlements through their life related ILS funds, however as read the full article →

Markel CATCo sets loss reserves for Dorian & Faxai, monitors Hagibis

Retrocessional reinsurance focused investment manager Markel CATCo Investment Management has now established specific loss reserves for recent catastrophes hurricane Dorian and typhoon Faxai.The manager also says it is monitoring more recent typhoon Hagibis, in case its impacts on Japan also warrant the setting up of any side pocket investments.Markel CATCo read the full article →

PG&E’s wildfire subrogation settlement may benefit some ILS funds

The recent announcement from Pacific Gas and Electricity (PG&E) of an insurance subrogation settlement totalling $11 billion may eventually provide some benefit to ILS funds that were exposed to losses from certain 2017 and 2018 California wildfire events.PG&E's equipment and infrastructure has been deemed liable for a number of the read the full article →

Nephila: Rebranded, 200+ people, almost 22 in age, but still the same

Nephila Capital has undergone its first full rebrand in its near 22 year history, as the largest manager of catastrophe, weather and climate insurance and reinsurance assets sets itself up for the future.Nephila Capital was launched in 1998 by its founders Frank Majors and Greg Hagood.Initially a part of insurance read the full article →