Insurance Linked Investments


First PCS triggered Japan ILW brokered by Willis Re

Property Claim Services (PCS) industry loss data aggregation and index reporting services for non-marine catastrophe losses in Japan has already been used for an industry loss warranty (ILW).We've learned that reinsurance broker Willis Re has become the first to structure and trade an industry loss triggered retrocessional risk transfer instrument read the full article →

ILS manager Coriolis Capital acquired by SCOR Investment Partners

One of the longest-standing insurance-linked securities (ILS) fund managers Coriolis Capital Limited has been acquired by SCOR Investment Partners, the investment arm of reinsurance giant SCOR.SCOR Investment Partners has agreed to acquire 100% of the capital of Coriolis Capital, which was one of the first ever investment managers in the read the full article →

Oppenheimer cat bond fund AuM stable, but losses evident in returns

OppenheimerFunds, Inc, the asset manager that is in the process of being acquired by investment giant Invesco to create a $1.2 trillion global powerhouse, has seen the assets under management of its catastrophe bond and related insurance-linked security (ILS) fund stabilise, but losses are evident in the annual return figures.The read the full article →

Nephila worked with Allianz on GrainCorp weather risk hedging

Nephila Capital, the world's largest asset manager of insurance-linked securities (ILS) and other catastrophe or weather linked reinsurance instruments, was involved in work to help Australian agribusiness GrainCorp.GrainCorp is among the largest agricultural businesses that has specialised in grain and other commodity receivership, storage and transportation.As a result, the company read the full article →

Armour Group hires John Parry (ex-Lloyd’s) as CFO

Armour Group, the Bermuda-headquartered P&C legacy or run-off reinsurance specialist and founder of ILS Investment Management (ILSIM), has announced that it has hired former Lloyd's of London CFO as its new Group Chief Financial Officer.Parry, who left Lloyd's recently having helped it to begin a more serious search for participation read the full article →

Alternative capital’s importance evident in loss payments: Swiss Re

Alternative reinsurance capital is playing an increasingly important role in the global re/insurance market, according to Swiss Re, which recognises that it has helped to curb volatility in the marketplace and is paying an increasing share of global losses.2017's U.S. hurricanes were the first time that alternative reinsurance capital and read the full article →

Brit’s Sussex Capital targets doubling of premiums, ~$250m AuM in 2019

Specialty insurer and reinsurer Brit Ltd. has targeted a doubling of written premiums for its Sussex Capital collateralised reinsurance fund platform in 2019, which would equate to growth to around $250 million of assets under management.We have learned that Sussex Capital has been marketing its insurance-linked securities (ILS) funds in read the full article →

Twelve Capital uses machine learning to enhance understanding of hurricane risk

Investment in technology is key for insurance-linked securities (ILS) managers looking to deliver high-performing portfolios of insurance and reinsurance linked investments, according to Twelve Capital.The Swiss headquartered manager of catastrophe bond, collateralized reinsurance, private insurance debt and equity investment funds, believes that its own investments made in modelling elemental risks read the full article →

RenRe may raise new third-party capital for June 1st: CEO Kevin O’Donnell

RenaissanceRe sees the potential to raise new third-party reinsurance capital for the June 1st renewals, as its view of the market particularly in retrocession suggests profitable opportunities will be available, CEO Kevin O'Donnell explained recently.O'Donnell expects growth to come from the collateralized reinsurance and retrocession vehicle Upsilon, which RenaissanceRe (RenRe) read the full article →

Tremor places world’s first programmatic parametric swap transaction

Another first has been achieved by Tremor Technologies, Inc., the programmatic reinsurance risk placement marketplace provider, as the firm priced and placed the first ever programmatic parametric swap transaction in insurance form.Insurance technology (InsurTech) start-up Tremor has been steadily gaining traction as ceding companies and brokers become increasingly aware of read the full article →