Insurance Linked Investments

At the April 1st reinsurance renewals, the insurance-linked securities (ILS) market played a role as usual and was relatively stable, but the retrocession marketplace is one area that continues to become increasingly complex, according to James Vickers.

The majority of insurance-linked securities (ILS) fund managers responded to a survey on non-affirmative cyber risk to say that they believe they have exposure in their ILS portfolios, according to PCS.

The outstanding market for catastrophe bonds and related insurance-linked securities (ILS) reached a new all-time high at the end of the first-quarter of 2022, as a busy start to the year took Artemis’ measure of the sector to $37.5 billion.

Mt. Logan Re Ltd., the collateralized reinsurance sidecar-like and insurance-linked securities (ILS) vehicle operated by re/insurer Everest Re, has announced two key appointments as it continues to build-out its team.

R&Q, or Randall & Quilter, the non-life insurance and reinsurance legacy, run-off and program management specialist, is being sold  to a vehicle backed by one of its major shareholders, 777 Partners.

Property catastrophe treaty reinsurance rates saw modest, single digit increases, similar to those seen at the 1/1 renewals, as the April 1st reinsurance renewal season passed in a largely orderly manner, broker Gallagher Re has said this morning.

HSCM Bermuda, the reinsurance and ILS related investment arm of investment manager Hudson Structured Capital Management Ltd., has participated in the provision of a new term loan credit facility for White Mountains bond insurer platform HG Global Ltd.

PGGM, the Dutch pension fund investment manager that continues to be the largest single investor in the insurance-linked securities (ILS) market, increased its ILS portfolio to roughly US $8.2 billion, while adding new mandates with Aeolus, SCOR and a managed account structure named Nightingale Re.

Nephila Capital, the largest dedicated investment manager in the insurance-linked securities (ILS), weather and catastrophe reinsurance space, has reported a more profitable year for its flagship Lloyd’s of London Syndicate 2357 in 2021, as its premiums written also soared year-on-year.

Interest in the relevance of insurance-linked securities (ILS) from an ESG standpoint continues to grow, but while there’s consensus that the market has a role to play, being viewed as positive is not enough, according to Vincent Prabis, Managing Principal at Hiscox ILS.