Collateralized reinsurance news

Singapore sees continued interest from sponsors, investors and specialist insurance-linked securities (ILS) managers, with a few of the latter considering establishing offices there, Cheng Khai Lim, Executive Director, Financial Markets Development Department, Monetary Authority of Singapore (MAS) said in a welcome speech at our ILS Asia 2024 conference yesterday.

Broking giant Aon has facilitated the issuance of a new $45.5 million Randolph Re (Series 2024-1) private catastrophe bond that we believe could be a renewal of its wildfire deal for Mercury Insurance, but this time it has been issued out of Guernsey using the firm’s protected cell company White Rock Insurance Company PCC Limited.

Aeolus Capital Management Ltd., the reinsurance and insurance-linked securities (ILS) investment fund manager, has announced the hiring of Dia Bhatia from investment bank J.P. Morgan, who joins the firm as an Associate in its Business Development and Investor Relations team.

Investment manager Amundi US has continued to expand its most recently launched dedicated insurance-linked securities (ILS) fund strategy, with the Pioneer CAT Bond Fund having more than doubled in size in 2024, now reaching over $338 million.

With reports suggesting a more balanced and stable retrocession renewal at the mid-year, broker Aon’s Reinsurance Solutions unit has said that a number of major ILS markets successfully raised new capital to deploy into mid-year retro deals.

There are only a few days to go until our catastrophe bond and insurance-linked securities (ILS) market conference in Singapore, ILS Asia 2024, which takes place on July 11th at the Suntec Convention Centre. You must register soon if you want to join us. Get your ticket to attend here.

Despite the fact catastrophe bond spreads widened considerably in May 2024, the Eurekahedge ILS Advisers Index still managed a positive return for the month, helped by the returns of collateralised reinsurance and retrocession investments from the private ILS funds it tracks.

Keystone ILS Capital, a structuring and advisory specialist focused on catalysing more active use of insurance-linked securities (ILS) in Japan that was launched in the country by former Aon Securities executive Shinji Yamamoto, has received an investment from broking group Howden and appointed Carsten Thienel as a Senior non-executive Director, Artemis can report.

There are only nine days to go until our catastrophe bond and insurance-linked securities (ILS) market conference in Singapore, ILS Asia 2024, which takes place on July 11th at the Suntec Convention Centre. Here are details of the now more than 80 organisations attending the conference. Get your ticket to attend here.

With numerous forecasters warning of a very active Atlantic hurricane season this year, some insurance-linked securities (ILS) markets eased off somewhat at the June 1st and July 1st, 2024, reinsurance renewals, which led to a little bit of a squeeze in places like Florida, according to James Vickers, Chairman, Gallagher Re International.