capital markets

Speaking this morning during a briefing event held in London by rating agency AM Best, Burkhard Keese, the CFO of Lloyd’s, explained that he doesn’t believe we will see any meaningful capital flowing into reinsurance through the ILS market in the short term.

Netherlands-based pension investor PGGM is set to reduce the overall size of its insurance-linked securities (ILS) market investments, as the groups ILS portfolio has now grown substantially above the target allocation percentage, Artemis has learned.

Insurance-linked securities (ILS) and catastrophe bond funds fell -5.54% on the impacts and anticipated losses from hurricane Ian, according to the latest update of the ILS Advisers and Eurekahedge ILS fund performance index.

The catastrophe bond market and its investors could earn back losses from hurricane Ian in as fast as 6 to 8 months, given the higher yield environment, which is now approaching post-Katrina levels, according to Plenum Investments.

For the insurance-linked securities (ILS) market and global reinsurance capital, this time it’s different, concludes Dirk Lohmann, Chairman, Schroders Capital ILS, who analyses previous hard market periods and believe that we could be on the verge of the most pronounced market correction in decades.

Ledger Investing, the growing insurance technology (insurtech) and insurance-linked securities (ILS) focused company, has made a trio of senior business development hires, with each having specific expertise gained in areas of insurance, reinsurance, risk and capital markets.

Insurance-linked securities (ILS) deal flow in Singapore has been increasing, showing that the market is gaining in confidence in Singapore’s ILS regime, Minister of State for Trade and Industry and Monetary Authority of Singapore (MAS) Board Member Alvin Tan has said, also explaining that expansions to the ILS regulations are coming.

AXA Group has announced its nine-month figures and revealed an estimate of EUR 400 million of claims after hurricane Ian, which are all expected to hit the AXA XL division and is gross of tax and net of reinsurance.

Ledger Investing, the insurance technology (insurtech) and insurance-linked securities (ILS) focused company, has completed its first secondary trade of a casualty insurance-linked securitization (ILS) instrument, with two investors leveraging its software stack to gain sufficient insights into the ILS trade to price the deal and complete the transaction.

During the RenaissanceRe third-quarter earnings call today, CEO Kevin O’Donnell explained that the reinsurance and insurance-linked securities (ILS) industry has to provide returns to its investors and shareholders, or risk capital exiting the space.