Insurance Linked Investments

As issues continue to challenge the Florida insurance marketplace, Michael Stahel of LGT ILS Partners feels the upcoming mid-year renewals could be an optimal time to implement some needed changes.

American International Group’s (AIG) insurance-linked securities (ILS) and collateralized reinsurance investment manager entity, AlphaCat Managers, continued to grow its assets under management during the first-quarter of 2022, adding another $100 million to take it to $3.7 billion.

RenaissanceRe, the Bermuda headquartered reinsurance underwriting firm and third-party capital manager, has added just over $1.4 billion of capital to its range of insurance-linked securities (ILS) structures and joint-venture vehicles so far in 2022.

As Everest Re hones its portfolio, to lower its property catastrophe exposure in a firming market, the company is finding this trade of more profit, for less exposure, to be an outstanding one, according to CEO Juan Andrade.

This new Artemis Live video saw us interviewing senior executives at insurance-linked securities (ILS) and reinsurance investment manager Aeolus Capital Management, to discuss their ongoing program of climate risk research and how that is playing into investment decision-making at the firm.

Aspen Insurance Holdings Limited, the Bermuda headquartered insurance and reinsurance company, has increased its third-party and insurance-linked securities (ILS) assets under management to almost $918 million, while earning $61.4 million in fees from these activities in 2021.

Markel Corporation is now officially “off-risk” for property catastrophe reinsurance, as of the end of the first-quarter of 2022, according to its Co-CEO Richie Whitt.

Insurance and reinsurance broking group Aon has benefited from the strong levels of activity in the catastrophe bond and related insurance-linked securities (ILS) market in the first-quarter of 2022, with revenues soaring.

The current period of spread widening and uncertainty in the catastrophe bond market has been driven largely by external forces, rather than losses, according to Aon, leading the broker to suggest it will be “relatively short-lived.”

Alternative reinsurance capital levels, largely in insurance-linked securities (ILS) formats, declined very slightly in the second-half of 2021, with broking giant Aon estimating it fell to $96 billion by the end of the year.