Insurance Linked Investments

Property and casualty insurers operating in the state of California have been told they have a duty to cover property damage claims resulting from the recent mudslides and debris flows, if the events are determined to be linked to the recent major wildfires.

Nephila Capital, the largest insurance and reinsurance-linked fund manager with approximately $11 billion of ILS assets under management, is expanding its role in weather, climate and environmental, social & governance risks with the launch of a dedicated unit, Nephila Climate.

Praedicat, a leading casualty catastrophe risk modelling company, has secured a $6 million Series AA round of investment, from sources including existing investor catastrophe risk modelling specialist Risk Management Solutions, Inc. (RMS) and Jacques Dubois.

Global catastrophe bond issuance broke records in 2017 and despite the impacts of catastrophe loss events, insurance-linked securities (ILS) market momentum is expected to persist throughout 2018, according to Aon Securities.

London-headquartered ILS and reinsurance-linked investments manager Securis Investment Partners has made a number of organisational changes and promotions at senior levels. At the same time, Global Head of Origination Neil Strong has left the firm.

Large primary insurance companies are expected to continue integrating insurance-linked securities (ILS) capacity into their risk transfer programs in 2018, as senior management increasingly appreciates the benefits of having access to third-party capital, according to reinsurance broker Guy Carpenter’s Cory Anger and Chi Hum.

Insurance-linked securities (ILS), reinsurance and transportation investment manager, Hudson Structured Capital Management Ltd., has signed an agreement that could see it acquiring a number of reinsurance company assets from the bankruptcy arrangements of Scottish Re Group.

According to the latest market data from capital markets and insurance-linked securities (ILS) brokerage unit Willis Towers Watson Securities (WTWS), the amount of non-life ILS capital in reinsurance markets grew by a stunning 17% over the course of 2017, to reach $88 billion.

Artex, one of the largest insurance management firms and a key facilitator in the insurance-linked securities (ILS) and collateralised reinsurance space, is expanding its global platform with the launch of an office in Singapore and the creation of Artex Risk Solutions (Singapore) Pte Ltd.

Global investment management group Aberdeen Asset Management, which has around $400 billion of assets under management and advisory, is still attracted to the insurance-linked securities (ILS) and reinsurance-linked investments space even after the major losses of 2017.