Insurance Linked Investments

Schroders Capital has been chosen to manage a EUR 100 million portfolio composed of impact-focused investments in private equity, sustainable infrastructure, and climate insurance, for German insurance carrier Barmenia.

Despite discussing alternative proposals with some 31 parties, Alleghany Corporation has not found a better bidder than Warren Buffett’s conglomerate Berkshire Hathaway, which is now on-track to secure its acquisition of the TransRe owner.

The ultimate insurance and reinsurance industry loss from the ongoing conflict in Ukraine could rise above US $20 billion, according to analysis from PCS, a Verisk company, which has provided some data the ILS market may find helpful in understanding what, if any, exposure its structures may hold.

Swiss Re’s landmark hybrid bank financing and insurance-linked securities (ILS) backed whole account stop-loss transaction was a “win-win” for the reinsurer and the investors backing the deal, with the ILS component of the arrangement oversubscribed due to its popularity, Philipp Rüede explained to Artemis.

Swiss Re has completed a landmark hybrid bank financing and insurance-linked securities (ILS) transaction, utilising its Matterhorn Re Ltd. special purpose insurer to issue catastrophe bond notes alongside a loan arrangement with J.P. Morgan, to secure $1.15 billion of all-lines of business stop-loss financing and protection from the capital markets.

Investment giant Blackstone is increasingly focusing on the need to manage risks within its various real estate companies and assets, using risk transfer solutions, insurance and instruments such as catastrophe bonds and insurance-linked securities (ILS).

Stone Ridge Asset Management, the New York based asset manager with a focus on alternative risk premia strategies including reinsurance and insurance-linked securities (ILS), has continued to expand its more catastrophe bond focused mutual ILS fund strategy in the last quarter of record.

The value of insurance-linked securities (ILS) held in the dedicated mutual ILS investment fund operated by Amundi US Investment Management, the Pioneer ILS Interval Fund, has declined by some 15% in the quarter to end of January 2022.

MGIC Investment Corporation is back in the capital markets to secure a fresh source of collateralized reinsurance with its first mortgage insurance-linked securities (ILS) deal of the year, sponsoring a $437 million Home Re 2022-1 Ltd. transaction.

Assets under management (AUM) of the main UCITS catastrophe bond funds as a group increased during the first-quarter of 2022, but perhaps a little surprisingly growth has slowed somewhat, despite new issuance having been buoyant.