Insurance Linked Investments

The Board of Directors of the Pensionskasse Basel-Stadt have elected to dissolve the pensions insurance-linked securities (ILS) investment portfolio, opting to allocate more to domestic real estate opportunities and fixed income instead.

Amid a range of promotions, Hudson Structured Capital Management Ltd. (HSCM), the reinsurance, insurtech, insurance-linked securities (ILS) and transportation focused investment manager, has appointed Gokul Sudarsana as the Chief Investment Officer for HSCM’s life insurance investment strategy.

Hong Kong and the mainland China city and financial hub of Shanghai are looking to co-operate on a range of financial initiatives, with one of them being insurance-linked securities (ILS).

Leadenhall Capital Partners LLP, the London-headquartered specialist insurance-linked securities (ILS) and reinsurance linked investment manager, has filed a lawsuit accusing investment firm 777 Partners, its co-founders and related entities of fraud, stating that collateral pledged for a lending agreement it provided was double-pledged or did not even exist.

The Eurekahedge ILS Advisers Index that tracks a basket of catastrophe bond and insurance-linked securities (ILS) funds has delivered its strongest first-quarter performance since 2007, returning 3.15% across the first three months of 2024.

Daniel Loeb’s Third Point LLC has returned to the reinsurance market, but this time with a focus on the asset intensive life and annuity reinsurance space, launching a new company, Malibu Life Re, that will operate as a hybrid sidecar-like structure to begin, but with a strategy to expand and become market-facing to transact with […]

Clear Blue Insurance has amended its complaint against Aon, in the New York court lawsuit related to the reinsurance letter of credit (LOC) fraud perpetrated by insurtech Vesttoo, with the language strengthened and Aon now accused of soliciting the fronting specialist’s involvement in a scheme it says was structured and masterminded by the broker.

Markel has once again benefited from a return of value due to favourable loss development on the CATCo retrocessional reinsurance portfolio, booking a further $15.7 million in the first-quarter.

AXIS Capital, the Bermuda based specialty insurance and reinsurance company, recognised higher fee income from its work with third-party investors, or so-called strategic capital partners, during the first-quarter of 2024, with higher premiums ceded to partners as well.

Assets under management at Hiscox ILS, the dedicated insurance-linked securities (ILS) unit of the Hiscox Group, slipped to $1.5 billion at April 1st 2024, as planned outflows continued to facilitate investor liquidity, but this was offset by capital raised into the firm’s new reinsurance sidecar and other ILS funds.