Insurance Linked Investments

Hedging and portfolio management actions undertaken by Nephila Capital, the insurance-linked securities (ILS) operation of Markel, are in the best interests of investors in the face of a potentially active hurricane season, Jeremy Noble, President of Insurance at Markel explained today.

Global reinsurance firm Hannover Re has announced that employee Michael Eberhardt will become its new Managing Director and Chief Underwriting Officer (CUO) of Hannover Re Bermuda.

Markel has again reported an increase in revenues earned through its insurance-linked securities (ILS) investment management business for the second-quarter of 2024, but manager Nephila Capital’s assets under management (AUM) slipped slightly to $6.6 billion by the end of the first-half of the year.

Lockton Re, the reinsurance arm of the independent broking group, has hired Theo Norris from Gallagher Re to become its first Head of Cyber ILS.

The Schroders Capital insurance-linked securities (ILS) team has successfully increased its ILS assets under management (AUM) to a new high of $5.5 billion by the end of March, representing approximately 25% growth in just one year.

AXIS Capital, the Bermuda based specialty insurance and reinsurance company, has continued to recognise higher fee income from its work with third-party investors in the second-quarter of 2024, with more fees earned through risk-sharing relationships with so-called strategic capital partners.

More than half of the insurance and reinsurance entities registered by the Bermuda Monetary Authority (BMA) in the first-half of 2024 were destined for catastrophe bond, collateralized reinsurance, or other insurance-linked securities (ILS) use-cases.

Despite the recent spread widening seen in catastrophe bonds, K2 Advisors, the hedge fund focused investment management unit of Franklin Templeton, continues to favor the insurance-linked securities (ILS) asset class and cat bonds in particular remain its top-pick sub-strategy, while its conviction on private ILS and retrocession has risen.

Enstar has completed a legacy reinsurance deal for an insurance-linked securities (ILS) portfolio of 2019 and 2020 written business, which it has hailed as the first deal of its kind for a third-party capital platform and looks like the kind of trapped capital solution that many in the ILS market have explored in recent years.

Two important pieces of insurance-linked securities market merger and acquisitions (M&A) news came to light last week, both of which provide signals for those watching of the health of the sector and investor appetite. But there is also a signal of the desire for scale, to be competitive in offering a broad suite of risk […]