ILS funds, insurance linked securities funds

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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Jebi shows ILW triggers are better when official & supported

The rising insurance and reinsurance industry loss from 2018's typhoon Jebi in Japan has caused what some are privately terming chaos in the industry-loss warranty (ILW) market, as two widely used but unofficial trigger data sources still show estimates at below $10 billion.Industry loss warranties (ILW's) are relatively simple risk read the full article →

North Yorkshire Pension Fund increased ILS allocation to Leadenhall

The North Yorkshire Pension Fund, a pension scheme for council and local government workers in the Yorkshire region of the United Kingdom, increased its allocation to insurance-linked securities (ILS) funds under the management of Leadenhall.Having originally won a mandate from the pension fund for an £80 million allocation in 2018, read the full article →

California wildfire reinsurance may rise 30%-70% as market smarts from losses: S&P

Rates for renewals of California wildfire exposed reinsurance programs or coverage could see increases of as high as 30% to 70%, as both traditional and alternative markets smart after two heavy loss years, according to S&P Global Ratings.Insured losses across the 2017 and 2018 California wildfire seasons reached around $33 read the full article →

CATCo 2019 deals show 6% H1 return, but new side pockets needed

Despite the fact it is set for run-off it is interesting to note that the 2019 portfolio underwritten for the CATCo Reinsurance Opportunities Fund has delivered a 6% net asset value return in the first-half of the year to one class of shareholders.The CATCo Reinsurance Opportunities Fund is being wound read the full article →

Swiss Re puts insured catastrophe losses at $19bn for H1 2019

Global reinsurance firm Swiss Re has estimated that first-half 2019 natural catastrophes and severe weather events around the globe cost the insurance industry $19 billion, covering just 42% of the $40 billion economic impact.The percentage of economic losses insured is lower than a year ago, on Swiss Re's data, when read the full article →

Climate risk data needs linking to insurance & risk-transfer process

Climate risk data should be linked to the insurance, reinsurance and risk transfer process through the use of technology and risk models, placing it and financial products at the heart of climate adaptation and resilience efforts.A new background paper from academics and insurance sector specialists highlights the importance of continued read the full article →

California disaster risk transfer bill stalls as Department of Finance objects

The passage of California legislation calling for approval for the state to purchase insurance, reinsurance, insurance-linked securities (ILS), or other alternative risk transfer (ART) structures as financial protection against disasters has stalled.The bill, SB 290 had already passed the California Senate and received unanimous support from the key Assembly Insurance read the full article →

Arch acquiring tech & third-party capital focused MGU Ventus

Arch Insurance North America, a division of insurance and reinsurance specialist Arch Capital Group, has announced that it will acquire the technology and third-party capital focused managing general underwriter Ventus Risk Management.Regular readers will be familiar with Ventus Risk Management, a company focused on sourcing and underwriting property catastrophe and read the full article →

Leadenhall’s Adolph moves to Bermuda. Flood hired in London

Leadenhall Capital Partners LLP, the London headquartered insurance and reinsurance linked investment manager, said that its Managing Partner and Non-Life Portfolio Manager Ben Adolph is to move to the firm's Bermuda office.At the same time, ILS fund manager Leadenhall said that it has made a new hire in London, to read the full article →

ILS P&C run-off fund invests in Italian med-mal, US general liability

The property & casualty run-off focused insurance-linked investment fund operated by the Credit Suisse insurance-linked strategies team and sub-advisor ILS Investment Management (ILSIM), completed a number of new transactions at the beginning of this year.The latest annual report from one of the reinsurance underwriting vehicles used by the run-off and read the full article →