Insurance Linked Investments

The Indiana Public Retirement System, a state pension fund with over $38 billion of pension related assets under management, has expanded its investments in funds managed by ILS and reinsurance focused investment manager Aeolus Capital Management.

The use of rented transformer platform structures for insurance-linked securities (ILS) and private catastrophe bond transaction issuance continues to expand and a new Isosceles Re offering from Marsh & McLennan Companies and reinsurance broker Guy Carpenter is set to help make issuance of 4(2) securities more simple.

PGGM, the Dutch pension fund investment manager and the largest end-investor in the insurance-linked securities (ILS) space, has promoted its employee Youssef Sfaif to the role of Director, Credit & Insurance Linked Investments.

Lancashire Capital Management Limited, the third-party capital collateralised reinsurance underwriting arm of specialty insurance and reinsurance group Lancashire Holdings, grew roughly 20% during 2019, to enter the 2020 renewal season with somewhere north of an estimated $600 million of limit available to deploy.

Income earned from its stake in specialist insurance and reinsurance linked ILS asset manager Pillar Capital and its funds has risen significantly in 2019, as catastrophe loss activity clearly had less of an impact during the year.

Having brought together its insurance-linked securities (ILS) and retrocessional reinsurance activities last year, global firm Swiss Re expects to remain a major player in the alternative capital space, its CFO said yesterday.

Global insurance and reinsurance player AXA has secured new reinsurance arrangements for 2020, as it continues to work to lower volatility within its specialty commercial insurance and reinsurance division AXA XL, especially in terms of catastrophe exposures.

TransRe, the reinsurance arm of Alleghany Corporation, is able to “punch above its weight” in the global reinsurancem market, thanks to its access to efficient third-party capital, Alleghany CEO Weston Hicks said.

As insurance and reinsurance linked investing remains popular among investors and an attractive source of protection to cedents, new insurance-linked securities (ILS) funds are still being formed and we should expect them to be “impressive in size”, Brad Adderley a Partner at law firm Appleby Bermuda said recently.

Credit Suisse Insurance Linked Strategies Ltd., the insurance and reinsurance investments focused unit of bank and asset management giant Credit Suisse, has promoted employee Benjamin Jacquet to the role of Head of Non-Life Underwriting.