ILS funds news, insurance linked securities or ILS fund news

ILS fund news articles discussing insurance linked securities funds, ILS funds, ILS fund managers, insurance linked funds, reinsurance linked funds and other insurance or reinsurance linked investment initiatives.

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Beazley announces launch of ESG syndicate-in-a-box at Lloyd’s

Beazley has now received in principle approval from Lloyd’s to establish its planned ESG focused consortium that will sit under its Market Facilities unit and leverage some third-party capital to underwrite risks that have been scored against environmental, social and governance (ESG) metrics. The ESG underwriting consortium will sit within Syndicate read the full article →

Humboldt Re being sold to a run-off specialist

Humboldt Re Ltd., one of the two Guernsey based, Credit Suisse Insurance-Linked Strategies supported rated reinsurance carriers, is being sold to a run-off specialist, with the deal expected to complete imminently. As we explained in August, the signing of a sale agreement had been revealed, which would allow the main shareholder read the full article →

Florida market “unsustainable”, reinsurance rates to increase in 2022: Citizens CEO

Florida's homeowners insurance market is experiencing "unsutainable" conditions and the consistency of loss across the marketplace is seen as "staggering", according to the CEO of Florida’s Citizens Property Insurance Corporation Barry Gilway. Speaking in front of a Florida House subcommittee on Insurance and Banking this week, Florida Citizens CEO Gilway said read the full article →

Vida Capital appoints new CEO

Vida Capital, Inc., the alternative investment manager with a life settlement and insurance-linked securities (ILS) focus, has announced the appointment of a new President and CEO in Blair Wallace. Wallace was most recently Partner and Portfolio Manager at Tenor Capital Management Company, L.P. and has a career history in structured credit read the full article →

Hudson Structured promotes Kerr to Head of Valuations

Hudson Structured Capital Management (HSCM), the reinsurance, insurtech, insurance-linked securities (ILS) and transportation focused investment manager, has promoted one of its employees, Charlotte Kerr, to the position of Head of Valuations. Kerr has worked at Hudson Structured Capital Management (HSCM) since 2019, having joined the firm as an Associate. She was then read the full article →

CATCo retro fund further reduces 2018 wildfire losses

The CATCo Reinsurance Opportunities Fund Ltd., the listed, retrocession focused insurance-linked securities (ILS) fund strategy managed by Markel CATCo Investment Management, has again seen its net asset value (NAV) rise after another reduction in catastrophe loss reserves, this time from the 2018 California wildfires. The retrocessional reinsurance investment portfolio constructed by read the full article →

Markel CATCo buyout proposal challenged by Pension Insurance Corporation (PIC)

Pension Insurance Corporation plc (PIC) announced just now that it intends to try and put together an investor group to challenge retrocessional reinsurance investment manager Markel CATCo's proposed buyout scheme, saying that it believes it will "drastically undervalue the interests of investors." The move could be a setback to the plans read the full article →

Schroders finds 10% of institutional investors to increase ILS allocations

A new study of institutional investors from around the world by global asset management group Schroders has found that 10% of respondents plan to increase their allocations to insurance-linked securities (ILS) over the next year. Schroders annual Institutional Investor Study features the perspectives of 750 institutional investors, including corporate and public read the full article →

Catastrophe losses running at double the average, highest since 2017: Jefferies

Global insurance and reinsurance market losses from natural catastrophes and severe weather events are now running at double the long-term average so far in 2021 and are at the highest level seen since 2017, according to analysts at investment bank Jefferies. Already, 2021 global catastrophe and severe weather losses for the read the full article →

Eclipse Re in $45.2m issuance, takes private cat bonds to $740m in 2021

Eclipse Re Ltd., the Horseshoe managed private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform, has issued four new tranches of cat bond notes, totalling roughly $45.2 million, with the four tranches potentially part of the same reinsurance or retrocession program arrangements. Including these latest issues, from read the full article →