Insurance Linked Investments

Capital continued to rotate from one insurance-linked securities (ILS) instrument to another in 2023, but AM Best analysis suggests some sectors may becoming better primed for growth through 2024.

After a hearing held on Friday in the Supreme Court of Bermuda, an order has been filed that sanctions the settlement agreements that had been proposed under the Vesttoo Chapter 11 bankruptcy and approval was given for the joint provisional liquidators (JPL’s) to Aon’s White Rock to remove their objections to the plan.

This video features an expert panel discussing trends in insurance-linked securities (ILS) investor sentiment and appetites at our Artemis ILS NYC 2024 conference, held in New York on February 9th 2024.

AXIS Capital, the Bermuda based specialty insurance and reinsurance company, has announced the promotion of Kyle Freeman to the role of Head of ILS, as the company elevates him to oversee all third-party capital activities.

The Supreme Court of Bermuda will hold a hearing in relation to the Vesttoo bankruptcy case this week, as the focus for creditors and cedents turns to receiving approval to proceed with the proposed settlement agreements under the Chapter 11 bankruptcy plan.

AXIS Capital, the Bermuda based specialty insurance and reinsurance company, has now established a third collateralized insurer class of company on the island to support the continued expansion of its Monarch Point Re casualty insurance-linked securities (ILS) platform.

Rating agency AM Best has explained that the expansion of named peril lists on reinsurance and retrocession arrangements at the January 2024 renewals, is not expected to make a material difference in terms of the risk covered.

SCOR Investment Partners, the asset management arm of the French reinsurance group and a manager of insurance-linked securities (ILS) funds, has experienced “significant net inflows” in 2023, taking its overall assets under management to a new high of more than €20 billion.

Martin Hotz, Head Parametric Nat Cat, Swiss Re Corporate Solutions, has suggested there is “strong potential” for the capital markets to continue to play an important role in the parametric space.

Oxbridge Re Ltd., the Cayman Islands based reinsurance company, has launched its second reinsurance sidecar fundraising effort through the sale of up to $10 million of EpsilonCat Re tokenized reinsurance securities issued by its subsidiary SurancePlus Inc.