Insurance Linked Investments

The UK Government’s recently introduced reforms for the country’s ILS regulatory framework, are set to deliver a much faster turn-around time for approval of new Insurance Special Purpose Vehicles (ISPVs) in the UK, according to Vicky White, the Director for Prudential Policy.

Catastrophe bond funds structured in the UCITS format continued to rapidly expand through the second-quarter of 2025, with the sector as a whole having grown its combined cat bond assets under management by an impressive 24%, or over $3.31 billion, just since the end of last year.

RenaissanceRe, the Bermuda headquartered reinsurance company and third-party capital manager, has reported that its Capital Partners business generated record fee income from its range of joint ventures and insurance-linked securities (ILS) funds in the second-quarter of 2025, while profits shared with investors in the vehicles also rose to one of its highest levels ever.

The recently announced consultation on reforming the United Kingdom’s insurance-linked securities (ILS) risk transfer regulations is more likely to result in activity being taken by the UK that would have been booked in other jurisdictions, than to generate net-new ILS business, commentary from Fitch Ratings states.

SCOR Investment Partners, the asset management arm of the French reinsurance group and a manager of insurance-linked securities (ILS) funds, has grown its ILS assets under management to US $4.8 billion as of July 1, 2025, representing an increase of 20% since mid-year 2024 when it stood at US $4 billion.

PartnerRe, the Bermuda headquartered reinsurance company, has announced that Andrew Laing has been promoted to become the new Head of its third-party capital focused PartnerRe Capital Management division, as incumbent in the role Andrew Hughes is set to depart the firm.

UK defined benefit (DB) pension schemes are showing interest in hedge fund investments, as they seek to navigate market volatility and broader macro-economic uncertainty, according to broker Aon, insight which might suggest a growing appetite for insurance-linked securities (ILS) allocations again.

Fleming Insurance Holdings, a capital solutions provider with a casualty focused insurance-linked securities (ILS) offering, has launched a new technology and AI-analytics platform named REvolve™, that it says facilitates smooth, recurring transfer of liabilities and enhances its casualty ILS offering.

While 2025 is already breaking issuance records for traditional catastrophe bonds, Artex Risk Solutions believes the insurance-linked securities (ILS) market is evolving into a more “significant force” across new risk areas such as casualty and cyber.

Eaton Vance, part of Morgan Stanley Investment Management, has added to two of the insurance-linked securities (ILS) allocations it makes within its mutual fund range, with an upsized commitment to the Swiss Re Core Nat Cat Fund and a fresh investment into Munich Re’s sidecar vehicle Eden Re II made for 2025.