Insurance Linked Investments

Twelve Capital, the insurance, reinsurance, catastrophe bond and insurance-linked securities (ILS) focused investment manager, has highlighted the importance of impact grading and ESG scoring, while finding in a study that the top-rated companies tend to outperform those that score more poorly.

When it comes to underwriting cyber risks, capital, whether traditional insurance and reinsurance, or alternative from the insurance-linked securities (ILS) market, “has to be rewarded”, Matt Harrison from risk modelling and analytics specialist Moody’s RMS, told us in our latest Artemis Live interview.

RenaissanceRe, the global reinsurance company and third-party capital manager, continued to have great success in raising funds from third-party investors for its range of joint-venture and insurance-linked securities (ILS) structures, adding just over $767 million so far in 2023, with its Medici catastrophe bond fund strategy taking more than half the inflows.

Vesttoo, the insurance capital markets focused insurtech, has announced the hiring of experienced alternative investments specialist Jon Ewing to lead the development of an insurance-linked securities (ILS) marketplace.

Inver Re, the Ardonagh Group’s reinsurance broking arm, has made a key hire in taking well-known industry executive Tom Johansmeyer from Verisk’s PCS unit, to become the brokers’ new Global Head of Index products, Artemis has learned.

Adopting a defensive position, with respect to the 2022 hurricane season, has paid off for an industry loss warranty (ILW) focused investment strategy, according to the CEO of the City National Rochdale Select Strategies Fund.

Des Potter, a Special Advisor for Lloyd’s and a former Guy Carpenter executive and ILS specialist, has asserted that Lloyd’s has “a pivotal role to play” in restoring investor confidence in the ILS class via its London Bridge 2 platform.

Jeremy Noble, President of Insurance at Markel Corporation, said during the re/insurer’s Q1 2023 earnings call yesterday that the combination of the current rate environment in the property sector and its own initiatives, points to a compelling risk / return proposition as the firm continues to work hard to raise capital across its Nephila Capital […]

Bermuda-headquartered re/insurer AXIS Capital ceded significantly less in reinsurance premiums to third-party capital partners in the first-quarter of 2023, earning much lower fee income at the same time.

In the current hard reinsurance market, the multi-year nature of insurance-linked securities (ILS) such as catastrophe bonds is likely to drive increasing interest from sponsors in Japan, Aon Securities has said.