capital markets

The investment results of Nephila Capital’s insurance-linked securities (ILS) fund strategies are tracking expectations, including for the estimate of losses from major hurricane Ian, according to the Co-CEO’s of owner Markel Corporation.

Insurance giant American International Group (AIG) reported that assets under management at its AlphaCat Managers insurance-linked securities (ILS) and collateralized reinsurance investment manager, fell slightly to $3.3 billion at the end of the third-quarter, while investment losses from hurricane Ian are also evident.

RenaissanceRe, the Bermuda headquartered reinsurance and third-party capital management specialist, passed on some $372.4 million of losses to investors in some of its managed reinsurance structures during the third-quarter, with hurricane Ian the main driver.

Nephila Capital, the flagship insurance-linked securities (ILS) fund management operation owned by Markel Corporation, has reported a $700 million decline in net assets, as hurricane Ian’s impacts and losses drove the total down to $7.8 billion.

K2 Advisors, the hedge fund focused investment management unit of Franklin Templeton, has said that in the wake of hurricane Ian it anticipates a “material pricing dislocation” across all segments of insurance-linked securities (ILS), which should lead to an “opportunistic entry point” to the sector for investors.

Today we are announcing our first wave of expert speakers that will be joining us at our next insurance-linked securities (ILS) conference, Artemis ILS NYC 2023 on February 10th in New York City. Please register soon to guarantee your place at the conference at the best possible price.

Reinsurance giant Swiss Re is comfortable that it’s treated the investors in its alternative capital structures well, including when it comes to recent hurricane Ian, Group CFO John Dacey has said.

The insurance-linked securities (ILS) market is undergoing a repricing, as it digests its losses from hurricane Ian and the fact more capital will be trapped, in an environment where increasingly there are other investment options available as well, according to Aon President Eric Andersen.

K2 Parametric, a parametric insurance managing general agency (MGA) launched last year by K2 Insurance Services, LLC, has partnered with global specialty insurance and reinsurance group, Chaucer, to boost its line size capability for a new parametric solution via the London market.

For the insurance-linked securities (ILS) market, the ‘G’, or governance, within ESG, should always have been a given, as the industry needs to have strong governance around its underwriting practices, Luca Albertini, CEO of Leadenhall Capital Partners explained to Artemis.