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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 Ian: A slow moving, major Cat 3+ landfall wind & storm surge event

The forecast models have been updated again and once more major hurricane Ian's forecast path has shifted east a little further, bringing the landfall on Florida's west coast slightly earlier and just slightly south of Tampa Bay, near to Sarasota. The updates haven't really lessened the outlook for a major insurance read the full article →

Demex hires Nephila’s Matt Coleman as Chief Risk Officer

The Demex Group, a climate risk focused insurtech that aims to deliver climate-resilience through financial risk solutions on a global scale, has made a key hire, appointing Matt Coleman who most recently worked at Nephila Climate as its Chief Risk Officer. Coleman worked as Director of Strategic Partnerships at Nephila Climate, read the full article →

Eclipse Re issues $76m of private catastrophe bond notes

Eclipse Re Ltd., a private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform owned and operated by Artex Capital Solutions, has completed two more issuances of private cat bond notes, totalling $76 million of new risk capital issued. The first of these new private ILS deals from read the full article →

FloodSmart Re cat bond trades down on hurricane Ian storm surge fears

So far, major hurricane Ian's approach to the west coast of Florida and the Tampa Bay region has not stimulated a significant amount of catastrophe bond trading, with the secondary market relatively quiet. Except for one telling trade that shows investor nerves over potential storm surge impacts are rising. When major read the full article →

Florida’s property insurance crisis raises taxpayer risk from hurricane Ian

The challenges that have been and continue to be faced by Florida's property insurance marketplace effectively raise the risk of more financial impacts for Florida's taxpayers, should a major loss event occur from hurricane Ian, it seems. Hurricane Ian is heading for the Florida Peninsula and as we explained earlier, the read the full article →

Major Hurricane Ian targets Tampa, surge risk rising, $35b loss analogs discussed

This morning, hurricane Ian has reached major Category 3 status and has strengthened further to 125 mph sustained winds, but more concerning for insurance, reinsurance and ILS market interests is the fact the forecast cone and track has shifted further east again, showing a landfall or very near pass to read the full article →

Hurricane Ian ILS loss scenarios range from substantial, to nothing: Twelve Capital

Driving home the continued uncertainty over the eventual insurance, reinsurance and insurance-linked securities (ILS) market impact from hurricane Ian, investment manager Twelve Capital said that modelled loss scenarios range from substantial to nothing for its ILS portfolios. Hurricane Ian continues to head north west through the Caribbean, intensifying steadily and still read the full article →

ILS hardening to continue, but ILS managers’ have lessons to learn: SIGLO

The insurance-linked securities (ILS) marketplace is looking particularly attractive at this time, with returns rising on the back of hardening reinsurance rates and greatly improved contract terms having been enforced through recent rounds of renewals. This attractive investment situation may continue, with the hard market even set to become more accentuated read the full article →

Stere raises $5m from alternatives & re/insurance investor Vida Capital

Stere, an insurance technology (insurtech) start-up that has created a capacity platform to help connect embedded insurance partners and MGA's to reinsurance capital, has announced a $5 million Seed+ capital raise from investment manager Vida Capital. Stere's insurtech platform aims to better connect providers of insurance and reinsurance capacity with managing read the full article →

Typhoon Nanmadol loss manageable, creep may not be an issue: AM Best

Typhoon Nanmadol's impact in Japan is likely to be a manageable loss for the Japanese insurance industry, thanks to their robust capital, strong reinsurance programs and the fact loss creep is not expected to be an issue like previous storms that hit the country. Rating agency AM Best explained that typhoon read the full article →