Insurance Linked Investments

Hiscox ILS, the dedicated insurance-linked securities (ILS) management arm of the global re/insurer, saw its ILS assets under management (AUM) recover back to $1.5 billion in the third-quarter of the year and the company is seeing growing interest from investors.

Global insurance and reinsurance group Everest has reported significantly increased cessions from its property catastrophe line of business to cells of Mt. Logan Re Ltd., the main underwriting vehicle of its Mt. Logan Capital Management, Ltd. (MLCM) third-party capital management business.

White Mountains has reported that its investment into the Outrigger Re collateralized reinsurance sidecar, that supports its re/insurer subsidiary Ark, generated lower income year-on-year in Q3 with catastrophe losses higher, but it still remained very profitable with a combined ratio of just 58%.

Chard Re, a reinsurance-linked investment manager run by well-known industry executives Rick Montgomerie and Charlie Vaughan, has promoted team member William (Bill) Orendorf to the role of Chief Underwriting Officer (CUO).

Enstar, the legacy and run-off reinsurance specialist, has announced completion of its second legacy transaction focused on property insurance-linked securities (ILS), acquiring a Bermuda based Class 3B reinsurer that underwrote business on behalf of third-party investors.

Here’s a reminder to register for our upcoming live webinar on November 21st 2024, in which industry expert speakers will explore the use of alternative capital sources by originators of insurance risk, such as managing general agents (MGA’s).

MultiStrat, the specialist underwriter, reinsurance investment facilitator and casualty insurance-linked securities (ILS) company, has appointed specialist software firm AdvantageGo to deliver it a holistic reinsurance and ILS solution to help in managing and operating the firm as it grows.

Speaking at the 20th Singapore International Reinsurance Conference (SIRC), Mr Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of the Monetary Authority of Singapore, explained that multilateral development banks have a key role to play in bringing scale to insurance-linked securities (ILS) issuances in Asia.

The broad benchmark index for insurance-linked securities (ILS) funds, the Eurekahedge ILS Advisers Index, has recorded the highest monthly return since its inception in 2006 for the second consecutive month, being up by 1.91% for the month of September 2024.

A selective approach and a deep understanding of climate-related risks are key to managing insurance-linked securities (ILS) investments, according to a note by François Divet, Head of ILS at AXA Investment Managers.