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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 →

ILS fund performance returns to an average 0.57% in July 2018

The average return for insurance-linked securities (ILS) funds was 0.57% in July 2018, which is close to the long-term average for the month of 0.59% and was helped by little in the way of impacts for the market from catastrophes and weather events in July, as well as less negative read the full article →

Irma loss deterioration, lottery jackpot hit ILS fund performance in June

A number of insurance-linked securities (ILS) funds experienced negative performance during the month of June 2018, with further deterioration of the hurricane Irma industry loss estimate and the Lottoland lottery jackpot ILS payout both contributing. But still the average return of the ILS fund market was 0.28% for the month.June read the full article →

Reinsurers & ILS to assume “virtually all” Irma-related loss creep: Analysts

Catastrophe losses in the second-quarter of 2018 appear manageable for property and casualty (P&C) insurers and reinsurers, however, analysts warn that rising loss trends will likely depress reserves, and that reinsurance capital is expected to assume the large majority of Hurricane Irma’s loss creep.Analysts at Keefe, Bruyette & Woods (KBW) read the full article →

Cat bond investor Entropics takes new manager investment

Swedish catastrophe bond fund manager Entropics Asset Management AB has taken a new investment in the management company from a well-known Swedish IT entrepreneur, with Lars Irstad purchasing 9.9% of the asset manager.Irstad founded successful IT consultancy Programator, which was the largest IT company in Sweden in 1992 when it read the full article →

ILS funds return 0.19% in May 2018, prior year losses still hurting

Insurance-linked securities (ILS) and collateralized reinsurance funds managed a positive average return of 0.19% for the month of May 2018, but the impacts of last year's hurricanes and other catastrophe losses continued to hurt some fund strategies with a number falling negative for the month.May 2018 saw five ILS funds read the full article →

Oppenheimer cat bond fund AuM up, as 2017 losses still being realised

The catastrophe bond and related insurance-linked security (ILS) assets under management in the fund portfolios of investment manager OFI Global, a company of Oppenheimer, have risen slightly in the last year, but the impact and ramifications of 2017's major catastrophe losses are still being realised.A year ago, the OFI Global read the full article →

ILS funds drop -028% in first negative April since Index records began

Insurance-linked securities (ILS) and collateralized reinsurance funds have fallen to an average loss of -0.28% for the month of April 2018, the first negative return for an April since ILS Advisers Index began tracking the market in 2006, as hurricane Irma loss adjustments continued.In April, the performance of ILS funds read the full article →