Insurance Linked Investments

Bermuda-based re/insurer Arch Capital Group Ltd. is back in the capital markets with the largest mortgage insurance-linked securities (ILS) transaction seen to-date, a $701 million Bellemeade Re 2019-3 Ltd. that also features the first-ever triple-A rated tranche of mortgage insurance-linked notes.

Demonstrating the recovery that is underway in insurance-linked securities (ILS) market returns, as the loss creep from prior year events begins to tail off, the listed Blue Capital Alternative Income Fund has delivered a 3.6% year-to-date return, 2.9% just in Q2.

Hiscox Re Insurance Linked Strategies Ltd. said today that Chief Operating Officer and Managing Principal Richard Lowther is moving on from the firm.

Global asset management group Schroders has taken its ownership stake in Swiss ILS & reinsurance investments specialist Secquaero Advisors AG to 100%.

Bermudian reinsurance firm and third-party capital manager RenaissanceRe has opted for another extension of maturity for the remaining insurance-linked securities (ILS) notes from its Fibonacci Re Ltd. vehicle’s 2017 and 2018 issuances.

The ongoing transformation of the life insurance-linked securities (ILS) sector is driving a shift towards more private, highly customised deal structures designed to provide investors with a truly decorrelated, attractive investment, says Luca Tres, Head of Life at Securis Investment Partners LLP.

Eclipse Re Ltd., a special purpose insurance and segregated accounts company that was originally launched by Horseshoe Group and Rewire Securities LLC has issued a $30 million tranche of Eclipse Re Ltd. (Series 2019-03A) private catastrophe bond notes.

The liquidation and running off of the stock exchange listed Blue Capital Alternative Income Fund insurance and reinsurance linked investment strategy is set to continue into 2020, demonstrating the long process of unwinding collateralised reinsurance contract investments.

Only 5 of the 33 insurance-linked securities (ILS) funds tracked by ILS Advisers reported positive returns in May 2019, as catastrophe loss creep and cat bond price pressure dented sector returns, resulting in the Index falling to a negative -1.13% for the month.

Vida Capital, Inc., an alternative asset manager focused on non-correlating investment classes and a joint-venture partner in insurance-linked securities (ILS) asset manager Merion Square Capital LLC, is being acquired.