Catastrophe bond fund news

SCOR Investment Partners, the asset management arm of the French reinsurance group and a manager of insurance-linked securities (ILS) funds, has announced a new Chief Executive Officer (CEO) appointment, with long-standing executive Louis Bourrousse taking over the top-position.

Artemis has learned that Florian Steiger, the Head of Cat Bonds at insurance-linked securities (ILS) and reinsurance asset manager Twelve Capital, is to depart the firm at the end of the year.

Catastrophe bond funds in the UCITS format have now delivered around 14% in returns year-to-date on average, while their assets under management as a group had recovered to more than $10 billion by the end of October 2023.

Investors in mutual insurance-linked securities (ILS) fund strategies operated by Stone Ridge Asset Management, the New York based asset manager with an alternative risk premia focus, will be delighted so far in 2023, as returns accelerate and reach over 40% year-to-date in the Stone Ridge interval ILS fund strategy.

Plenum Investments, the specialist Zurich-based asset manager, has seen its two catastrophe bond funds deliver record performance so far this year, despite a significant de-risking having been undertaken over the last twelve months.

With the collateral yield of catastrophe bonds at an all-time high and the insurance spread component at a 12-year high, it’s an extremely attractive time for the market, according to specialist asset manager, Plenum Investments.

Plenum Investments maintains its “higher for longer” outlook for catastrophe bond investment returns, saying that even though cat bond risk spreads may have dropped since their peak, this is still an attractive point to enter the market and fixed income investors should seriously consider the asset class.

Securis Investment Partners, the London-headquartered insurance-linked securities (ILS) investment manager, has strengthened its business development and investor relations function with two promotions and two new global hires.

Leadenhall Capital Partners LLP, the London-headquartered specialist insurance-linked securities (ILS) and reinsurance linked investment manager, has signed a new ILS fund distribution agreement with Bennelong Funds Management, part of the BFM Group.

The total-return of the outstanding catastrophe bond market in 2023 has now surpassed 16%, beating the previous record and staying on-track to deliver an investment return that might surpass 20% by year-end, which could, in future, be a challenging record to beat.