Insurance Linked Investments

Global financial services firm SS&C has been working to evolve its offering for insurance-linked securities (ILS) funds, to provide greater transparency and help ILS managers deliver a more streamlined service to investors, Ken Mahadeo told us in an interview.

Extensions of maturity dates continue for $101.25 million of the 2020, 2021, and 2022 vintage Seaside Re private catastrophe bond transactions, allowing for ongoing development of catastrophe loss events that they are potentially exposed to.

The market for collateralized reinsurance sidecar vehicles has returned to favour, with resilience demonstrated as it returned to growth after two years here it had shrunk back, Aon Securities has explained.

Since its launch as the first French reinsurance sidecar, CCR Re’s 157 Re vehicle has become an important part of the reinsurer’s property catastrophe play, and further expansion of the sidecar and its capabilities is expected in the future, according to Laurent Montador, Deputy Chief Executive Officer (CEO).

This video features the sixth session of the day at our Artemis ILS Asia 2023 conference, held in Singapore on July 13th 2023, a panel discussion focused on corporate risk, with reference to risk managers in the Asian region, and the potential for insurance-linked securities (ILS) to play a role in transferring their risk.

Lloyd’s has issued revised guidance for members and members agents on Tier 2 capital limits, which encompasses the use of letters of credit (LOC) in the marketplace and in it has stressed how important it is that LOC’s have their validity confirmed on a regular basis.

PGGM, the Dutch pension fund investment manager that allocates the largest amount to the insurance-linked securities (ILS) market on behalf of end-client the Dutch pension PFZW, now looks after a portfolio that was valued at just over US $8.8 billion (EUR 8.1bn) at the mid-point of 2023, which has grown further above its strategic allocation […]

The committee of unsecured creditors in the Chapter 11 bankruptcy case of insurtech Vesttoo has now been approved to begin conducting legal discovery on the company after the judge issued an order approving discovery at a hearing yesterday.

A Bermuda Supreme Court hearing held on Friday, to look into the issue of segregated cells that housed reinsurance deals affected by the Vesttoo letter of credit (LOC) fraud and fake collateral issues, resulted in an adjournment of the case until December 1st, the Royal Gazette has reported.

The catastrophe bond and related insurance-linked securities (ILS) market slowed down as is seasonally anticipated during the third-quarter of 2023, but while the $549 million of issuance was below the ten-year average for the period, the catastrophe bond market remains on track for a record year in 2023, Artemis’ latest quarterly report shows.