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Oppenheimer cat bond fund AuM stable, but losses evident in returns

OppenheimerFunds, Inc, the asset manager that is in the process of being acquired by investment giant Invesco to create a $1.2 trillion global powerhouse, has seen the assets under management of its catastrophe bond and related insurance-linked security (ILS) fund stabilise, but losses are evident in the annual return figures.The read the full article →

ILS fund returns dented by continuing loss creep in March

Continued loss creep suppressed the returns of catastrophe bond, insurance-linked securities (ILS) and reinsurance linked investment funds in March 2019, causing the ILS Advisors Index to fall to a negative -0.12% for the month.Loss creep challenges continue for the ILS fund market, as well as for broader insurance and reinsurance read the full article →

Loss creep again most important ILS fund return factor in February

Insurance-linked securities (ILS) and reinsurance linked investment funds were once again hit by loss creep in February 2019, causing the group to fall to an average return of -0.05% for the month.Loss creep has been a significant driver of ILS fund underperformance in recent months, as catastrophes from both 2017 read the full article →

ILS funds achieve 0.51% January 2019 return despite continued loss creep

Insurance-linked securities (ILS) and reinsurance linked investment funds managed to achieve a slightly below average monthly return of 0.51% in January 2019, despite the continued impact of loss creep from previous events.The impact of the last two year's of catastrophe losses continues to affect the ILS fund market, even resulting read the full article →

ILS Index ends December negative on loss creep, down -3.92% for 2018

Insurance-linked securities (ILS) and reinsurance linked investment funds fell to a negative December, thanks to continued loss development and loss creep from catastrophe events in prior months, which added to the already negative year and drove 2018's ILS Index return to -3.92%.December 2018 is now the worst December on record read the full article →

ILS fund Index falls -3.68% on wildfires & loss creep in November

The performance of insurance-linked securities (ILS) and reinsurance linked investment funds as measured by an Index of the market was negative in November 2018, as the impacts of California wildfires and strengthening of loss reserves drove the Index to a -3.68% return for the month.November is now the worst performing read the full article →

Oppenheimer grows cat bond fund AuM despite impact of losses

OppenheimerFunds, Inc, the asset manager that is in the process of being acquired by investment giant Invesco to create a $1.2 trillion global powerhouse, has grown the catastrophe bond and related insurance-linked security (ILS) assets under management of its flagship cat bond fund.The Oppenheimer Master Event-Linked Bond Fund, LLC, counted read the full article →

ILS fund returns negative in October on Michael & Jebi/Trami loss creep

Many insurance-linked securities (ILS) funds have reported negative returns for the month of October 2018, as they take losses from hurricane Michael and also suffer after loss estimates increased for typhoons Jebi and Trami, driving the average ILS fund return to -0.81% for the month.It appears that much of the read the full article →

Private ILS losses send ILS fund Index to -0.08% decline for September

The average return of insurance-linked securities (ILS) funds tracked by ILS Advisors Index was negative for the month of September 2018, coming in at -0.08% after a series of natural catastrophe events impacted ILS fund performance during the month.We wrote yesterday that a number of ILS funds had been reporting read the full article →

ILS funds hit by Citrus cat bond loss creep & eroded aggregates in August

The performance of insurance-linked securities (ILS) funds in August 2018 was hit by a number of factors, leading to an average return for the market of 0.45% for the month, which is below the long-term average.The month of August saw impacts to both the catastrophe bond and private ILS, or read the full article →