Eurekahedge

The average return of insurance-linked securities (ILS) funds in December was just 0.07%, as the severe weather events in the month and year hit private ILS and collateralised reinsurance deals. Meanwhile the full-year 2015 average ILS fund return managed just 4.22%.

The average return of insurance-linked funds in November 2015 reached 0.31%, taking the return for the year to 30th November across a group of 32 ILS, reinsurance linked and catastrophe bond funds, to 4.15%.

Seasonal factors and a likely loss for the catastrophe bond market from MultiCat dragged down the average ILS fund return in October, across a group of 32 ILS, reinsurance linked and catastrophe bond funds, to just 0.26%.

Pure catastrophe bond investment funds saw their highest single monthly return in two years in September, as the rebound in cat bond prices helped to raise the average ILS fund return across a group of 34 ILS, reinsurance linked and catastrophe bond funds to 1.03%.

Seasonality helped the insurance-linked securities (ILS) market bounce back to deliver a much more impressive months performance in August, with the average ILS fund return across a group of 34 ILS, reinsurance linked and catastrophe bond funds recorded as 0.84%.

The average return of the insurance-linked securities (ILS) fund market saw its highest single month performance of 2015 so far in July, as the average ILS fund return across a group of 34 ILS, reinsurance linked and catastrophe bond funds reached 0.4%.

Ongoing price pressure in the secondary catastrophe bond market dragged the average return of the insurance-linked securities (ILS) market down to 0.17% in June, a month that saw 15 of the 34 ILS, reinsurance linked and cat bond funds tracked see negative returns.

Pricing pressure on outstanding catastrophe bonds continued to drag on the average return of the insurance-linked securities (ILS) market in May, with the average ILS fund return across a group of 34 ILS, reinsurance linked and catastrophe bond funds only managing 0.16% in May.

The average ILS fund return across a group of 34 insurance-linked securities (ILS), reinsurance linked investment and catastrophe bond funds was only 0.11% in April, as weak cat bond market performance and private ILS loss reserving from Australian catastrophe events hit.

The average return across a group of 34 insurance-linked securities (ILS), reinsurance linked investment and pure catastrophe bond funds fell to 0.2% in March, the second lowest return for the month on record, as pure cat bond funds suffered from weak performance.