Insurance Linked Investments

London Innovation Underwriters, the entity established by listed special purpose acquisition company Financials Acquisition Corp, which was launched in 2022 by sector executives William Allen and Andrew Rear, has lowered its targeted equity raise to up to £300 million, to fund its strategy to access the returns of Lloyd’s underwriting via the London Bridge 2 […]

Underscoring the potential impacts of climate change on the insurance-linked securities (ILS) market, analysts at global asset management group Schroders have suggested the effects “should be marginal” given climate change is gradual and long-term in nature, while ILS instruments typically have a term of one to three years.

In a sign that the Vesttoo saga could be sped through the courts in order to liquidate the insurtech and its assets, to protect value for stakeholders and creditors while avoiding further litigation between parties, a filing by the US Trustee calls for the Chapter 11 bankruptcy case to be converted to Chapter 7.

Vesttoo, the insurtech at the center of an international reinsurance letter of credit (LOC) fraud investigation, is trying to sell off assets of the firm as part of its plans to emerge from the scandal and trade forwards, but creditors are accused by the company of undermining these efforts in a display of brinkmanship.

For global insurance and reinsurance group Everest, the Mt. Logan Re Ltd. third-party capital vehicle is having a strong year, with over $250 million of new capital raised and its assets under management approaching $1.1 billion.

This video features the final session of the day at our Artemis ILS Asia 2023 conference held in Singapore on July 13th 2023, a panel discussion with experienced insurance-linked securities (ILS) investment managers on the state of the market, in Asia Pacific and globally, as well as giving their ILS outlook.

Hurricane Otis slammed into Mexico’s Pacific coast yesterday morning as a significant category 5 storm with sustained winds of 165 mph and has caused significant damage, but its rapid intensification was missed by all the major weather models, which RMS’ James Cosgrove calls a “monumental” miss.

At a meeting this week of the trustees of the Florida State Board of Administration, the planned asset allocation target changes for the near $190 billion Florida Retirement System pension fund were approved, with insurance-linked securities (ILS) set at 1%.

Everest Group reported quarterly results that show ongoing expansion into the hard property catastrophe reinsurance market, where the company says pricing continues to rise at more than 30%, while terms and conditions are still improving.

Boost Insurance, a company that has developed technological infrastructure for the insurance market to streamline participation, including to connect reinsurance capital with programs and portfolios, has launched Boost Re, a US domiciled captive structure the cells of which it will enable alternative capital providers to deploy capacity through.