Insurance Linked Investments

Markel CATCo Investment Management Ltd., the retrocessional reinsurance investment specialist, has revealed that its stock exchange listed CATCo Reinsurance Opportunities Fund is exposed to potential losses from hurricane Michael and typhoon Jebi.

Global reinsurance company Swiss Re has estimated that its third-quarter 2018 large loss burden will amount to roughly $1.4 billion after retrocession, with natural catastrophes driving the majority and typhoon Jebi the most costly event of the quarter.

Using technology to enable real-time portfolio optimisation will transform the way that ILS and traditional reinsurance placements are made, improving costs and efficiencies and allowing capital providers to get closer to the original risk, according to the team at InsurTech MGU Ventus.

Insurance and reinsurance specialist Arch Capital Group is to issue its third mortgage insurance-linked notes or insurance-linked securities (ILS) transaction of the year, with the securitisation of $506.11 million of mortgage insurance risk through Bellemeade Re 2018-3 Ltd.

German reinsurance giant Hannover Re said today that the approximately $1.5 billion of catastrophe bonds it has facilitated the issuance of for its clients help to deliver low-risk and attractive margins, while attracting new clients and maintaining existing relationships.

The ratings for insurer Unum’s outstanding Northwind life insurance-linked securities (ILS) have been affirmed again, as the ability of available cash flows to service the notes remains adequate, according to A.M. Best.

Technology giant Microsoft has entered into three transactions involving the world’s largest insurance and reinsurance linked investment manager Nephila Capital, as the company looks to hedge the weather risk associated with renewable energy production, making its energy costs more secure in the process.

Blue Capital Reinsurance Holdings Ltd., the listed, collateralized reinsurance vehicle owned by Sompo International Holdings Ltd., has revealed that it continued to feel the effects of hurricane Irma during the third-quarter with loss creep from the storm set to outweigh the costs of any catastrophe activity that occurred during the period.

Rational Funds, a provider of mutual fund products that focuses on delivering superior risk-adjusted returns through a systematic investment process, often with an alternative focus, is launching its first insurance-linked securities (ILS) fund strategy.

Mortgage insurance specialist MGIC, one of the largest mortgage insurers in the United States, is to enter the mortgage insurance-linked securities (ILS) and insurance-linked notes market with its first transaction, a $318.6 million Home Re 2018-1 Ltd. transaction.