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Twelve Capital adds $400m to UCITS cat bond fund in 18 months

Twelve Capital, the Zurich headquartered insurance and reinsurance linked investment fund manager, has now raised almost US $400 million for its UCITS catastrophe bond fund strategy in just 18 months.The ILS fund manager said that the investor inflows to its UCITS cat bond fund are coming thanks to distribution activities read the full article →

Majority of ILS Advisers tracked funds negative in May 2019. Index falls to -1.13%

Only 5 of the 33 insurance-linked securities (ILS) funds tracked by ILS Advisers reported positive returns in May 2019, as catastrophe loss creep and cat bond price pressure dented sector returns, resulting in the Index falling to a negative -1.13% for the month.That's the lowest monthly return for the Eurekahedge read the full article →

FOSUN gets into ILS, buys majority stake in TENAX Capital

FOSUN International Limited, a Chinese privately-owned global investment and asset management conglomerate with a liking for investing in insurance and reinsurance, has taken its first step into the ILS fund management space, acquiring a majority stake in TENAX Capital Limited.Tenax Capital is a London based hedge fund manager founded by read the full article →

Twelve Capital to focus on growth of own-brand ILS funds

Twelve Capital, the Zurich headquartered insurance and reinsurance linked investment fund manager, is targeting continued growth of its assets within its own-brand insurance-linked securities (ILS) and catastrophe bond funds.Twelve Capital has reached $4 billion of ILS and other reinsurance linked assets and is expanding its product range for ILS investors read the full article →

Falcon ILS funds shift to Solidum, new reinsurance funds to launch

Falcon Fund Management (Luxembourg) S.A., an investment management subsidiary of Switzerland-based Falcon Private Bank, is aiming to increase its activities in the insurance-linked securities (ILS) space, partnering with Solidum Partners AG for its ILS fund management.Previously, Falcon's ILS fund strategies were managed by Zurich-headquartered ILS specialist investment manager Twelve Capital read the full article →

Loss creep drags average ILS fund return to -0.70% in April

Loss creep primarily from typhoon Jebi has dragged the average performance of catastrophe bond, insurance-linked securities (ILS) and reinsurance linked investment funds down to a disappointing -0.70% for the month of April 2019.Once again, performance was disparate across the group of ILS funds tracked by the ILS Advisors Index, with read the full article →

Schroders hires new distribution lead for private assets, including ILS

Global asset management group Schroders has announced the hire of a new distribution lead for its private assets unit, with Peter Arnold set to head up the Alternative Sales Unit which includes the firms insurance-linked securities (ILS) strategies.Arnold, who joins Schroders from Citi Group, is an experienced senior private assets read the full article →

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 →