Catastrophe bond fund news

Qube Research & Technologies (QRT), a global quantitative and systematic investment manager that specialises in a technology and data-driven approach to allocation across liquid asset classes, has hired former Schroders executive Daniel Ineichen to lead an insurance-linked securities (ILS) strategy.

With catastrophe bond market yields still elevated by historical standards, Dirk Schmelzer, Head Portfolio Manager for ILS / CAT Bonds and a Partner at Plenum Investments AG, believes catastrophe bond funds can deliver high single-digit to low double-digit returns in 2025, on a no loss basis.

Catastrophe bond funds in the UCITS format tracked by the Plenum CAT Bond UCITS Fund Indices averaged a 1% return for November, taking their year-to-date return to an average of 12.57%.

As the Atlantic hurricane season drew to its close, the overall yield of the catastrophe bond market continued its typical seasonal declining trend, albeit at a slightly slower pace as there were also supply-demand factors evident in the market, but still by the end of November 2024, the cat bond market yield stood at a […]

RenaissanceRe, the Bermuda based reinsurance company and third-party capital manager, looks set to be the latest to offer a UCITS insurance-linked securities (ILS) fund, with a fund structure now registered in Ireland under its Medici brand, so presumably this will be a cat bond strategy, Artemis has learned.

The group of catastrophe bond funds in the UCITS format have already reached a year-to-date return of 12.1% by November 15th, as the Plenum CAT Bond UCITS Fund Indices continues to demonstrate the very attractive returns possible from cat bond investments.

Amundi US Investment Management has continued to experience strong demand for its most recently launched dedicated insurance-linked securities (ILS) fund strategy, with the Pioneer CAT Bond Fund now surpassing $500 million in assets under management.

Quaestio Capital SGR S.p.A., an Italian asset manager based in Milan, has launched its first insurance-linked securities (ILS) fund strategy and has raised €130 million for it, with a plan to invest across catastrophe bonds and private ILS arrangements through a multi-manager, fund-of-fund allocation approach.

Plenum Investments, the specialist manager of catastrophe bond and other reinsurance-linked assets, has successfully grown its Plenum CAT Bond Dynamic fund to more than $200 million of assets under management.

RenaissanceRe, the Bermudian global reinsurer, has lifted its third-party investor capital under management in reinsurance joint-ventures and insurance-linked securities (ILS) funds managed by RenRe’s Capital Partners division to a new end of quarter high of $7.72 billion.