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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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Hurricane-level winter storm claims to drive billions of losses: Aon

Insurance and reinsurance broker Aon has offered its view on the recent winter storm activity in the United States, saying that an expected "hurricane-level" of claims from the winter storm "will translate to payouts well into the billions of dollars." Aon's Impact Forecasting unit has not provided a loss estimate and read the full article →

PartnerRe’s third-party capital assets surpass $1bn

PartnerRe, the Bermuda headquartered and EXOR owned reinsurance company, has significantly grown its third-party capital assets under management, lifting them above $1 billion around the January 2021 renewals. PartnerRe has been managing third-party or alternative reinsurance capital for many years, with a successful quota share sidecar program and a range of read the full article →

Winter storm Uri loss could be “well in excess” of $10bn: AIR

Catastrophe risk modeller AIR Worldwide has warned that recent winter storm Uri and associated severe winter weather could result in an insurance and reinsurance industry loss that is "well in excess" of $10 billion. Beginning on February 12th 2021 and continuing right through the following week, winter storms and freezing weather read the full article →

Fresh ESG capital an opportunity for the ILS industry: Taylor, Ocorian

In a recent interview with Artemis, Ocorian Client Director Sherman Taylor explored how the insurance-linked securities (ILS) industry can incorporate ESG into its operations and what benefits this might bring. He expressed his optimism as he noted the total market capitalisation of new ILS issuances surpassed $15B in 2020, making it read the full article →

Alpina takes over Falcon cat bond funds, transforms them to ESG compliant

Alpina Capital, through its Alpina Fund Management S.A. unit, has taken over the management and distribution of the Falcon Private Bank catastrophe bond funds and is transforming them into ESG compliant strategies under the EU taxonomy. Alpina Capital acquired Falcon Fund Management (Luxembourg) S.A. at the end of 2020, taking over read the full article →

Alternative capital presenting “disciplined” competition: Munich Re

Global reinsurance player Munich Re had some positive words for the insurance-linked securities (ILS) market, suggesting that alternative capital sources in reinsurance are presenting "disciplined" competition at this time. In the past, major reinsurers, such as Munich Re, have opted to colour alternative reinsurance capital sources, ILS funds and their investors read the full article →

Palomar expects reinsurance recoveries for winter storm Uri

Palomar Insurance Holdings, the speciality California-headquartered insurer that provides largely catastrophe exposed property products, has said that it expects its reinsurance program to respond to the losses it will face from winter storm Uri's impacts in Texas. Texas was the state hardest hit by winter storm Uri's freezing weather, with significant read the full article →

Winter storm Uri insured loss seen up to $20bn: Fitch

Property and casualty insurers in the United States are facing record levels of first-quarter catastrophe losses due to the severe winter weather associated with winter storm Uri, rating agency Fitch has said. Extensive property damage was seen during last week’s severe winter weather in Texas, Louisiana and other southern states of read the full article →

Aon hires Foley from Aspen, Radford from Securis for Capital Management roles

Aon's Reinsurance Solutions division has announced two key hires in its Capital Management units in Bermuda and London, with Marcus Foley of Aspen joining to lead its Bermuda Capital Management team and Tim Radford from ILS specialist Securis Investment Partners joining the London Capital Management unit. Marcus Foley joins the Bermuda read the full article →

Reinsurance prices must rise further to provide adequate returns: Moody’s

The reinsurance market is not in a hard market and in fact rate increases seen at the January 2021 renewal season are only seen as adequate by Moody's, who believe that reinsurance prices must keep rising for adequate risk-adjusted returns to be achievable. The rating agency said that the January 2021 read the full article →