Insurance Linked Investments

Artemis has learned that fronting specialist Clear Blue Insurance has filed a lawsuit against broking giant Aon, in relation to the reinsurance letter of credit (LOC) fraud perpetrated by insurtech Vesttoo.

Swiss Re is benefiting from a shift in insurance-linked securities (ILS) investor strategy, as ILS and alternative reinsurance capital becomes more complementary again, with these benefits set to keep growing, according to Philipp Rüede, Head of Swiss Re’s Alternative Capital Partners (ACP) unit.

The Alternative Capital Partners (ACP) division of global reinsurance giant Swiss Re has seen continued success in fundraising in recent months, with third-party capital under management rising to $3.3 billion over the course of the third-quarter.

Swiss-headquartered fintech Cerchia has continued to build momentum around its capital markets focused direct risk transfer platform, with a particularly notable cyber trade, that saw a cyber industry-loss warranty (ILW) transacted using a PCS Global Cyber industry-loss index trigger.

According to Joe Tolen, Investment Director in the Credit Investment Group at Cambridge Associates, one of the crucial elements of insurance-linked securities (ILS) manager selection is the ability to “identify managers with appropriate capital reserving techniques, necessary in the immediate aftermath of large catastrophic events.”

This video features the first keynote speech and Q&A of the day at our Artemis London 2023 catastrophe bond and insurance-linked securities (ILS) conference, that was held in London on September 5th 2023.

Insurance-linked securities (ILS) are a stand-out asset class within the private assets segment, according to Nils Rode, Chief Investment Officer, Private Assets, Schroders Capital, who said yesterday that the ILS investment environment remains one of the best ever.

Rating agency AM Best is maintaining its stable outlook for the global reinsurance industry, but noted that new capital remains cautious on the sector despite a growing need for more of it to flow in.

Arch Capital Group, the Bermuda headquartered insurance and reinsurance company, has hired Greg Habay, an executive with experience across insurance-linked securities (ILS) and reinsurance-linked investing, to a new position focused on developing third-party capital business and managing relations with ILS partners.

Cayman Islands based collateralized reinsurance company Northern Reinsurance SPC, Ltd. (Northern Re) has taken its committed capital to $75 million, after it raised an additional $50 million from investors to allocate to programs of high-frequency, low-severity insurance risks.