Alternative reinsurance capital

Insurance-linked securities (ILS) asset managers could give themselves an edge in the allocation process, if they have a “well-defined and thoughtful” Responsible Investment policy, according to the Standards Board for Alternative Investments (SBAI).

Nephila Capital, the largest dedicated manager of insurance-linked securities (ILS) and reinsurance linked investment funds, told us it is delaying the launch of its new specialty line focused Lloyd’s syndicate 2358.

Private equity specialist Apollo Global and life and retirement reinsurance company Athene Holding Ltd. are set to merge, in a transaction that values the latter at $11 billion and the combined company at $29 billion, underscoring the attractive combination that is investing alongside life and annuity reinsurance premium float accumulation.

Here are the ten most popular news articles, week ending 7th March 2021, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.

For insurance-linked securities (ILS) fund managers, embedding enterprise architecture can ensure innovation and technology are a focal point that serve to advance the business strategy, according to Synpulse Management Consulting.

As the insurance-linked securities (ILS) market continues to expand its remit and reach, it’s important to consider the efforts of the fund and investment side of the space as it looks to service a growing investor base.

Chubb, the global primary insurance carrier and reinsurance company, has increased its ownership stake in its strategically important total-return and third-party capitalised reinsurance joint-venture ABR Re, as its importance as a reinsurance provider to the Chubb group continues to grow.

Florida’s Citizens Property Insurance Corporation is targeting a $2.6 billion reinsurance and risk transfer program in advance of the 2021 hurricane season beginning and within the renewed towers could be $850 million of new catastrophe bonds.

Brookfield Asset Management Inc., the giant Canadian headquartered alternative asset manager that has around $575 billion of assets under management, continues to expand its reinsurance operations with a rating from AM Best now secured for its Cayman Islands based reinsurer North End Re (Cayman) SPC.

It’s apparent that some insurance-linked securities (ILS) fund managers turned down new capital allocations around the January reinsurance renewals as they were not convinced they could deploy it all at acceptable return levels, or in certain cases deploy the entire volume of funds they could potentially have raised at all.