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.


ILS the main catastrophe price driver, but to “hold the line” on returns: A.M. Best

Third-party reinsurance capital, flowing in from the insurance-linked securities (ILS) market and other sources, is now the main driver of property catastrophe pricing, according to A.M. Best who expects investors to "hold the line" on returns.The growing size of the ILS market and alternative sources of reinsurance capital over the read the full article →

Cat bonds more attractive, a prudent buy for retro: Albertini, Leadenhall

During a period of broad financial market dislocation, the catastrophe bond space continues to exhibit resilience, and in the current operating landscape, the attractiveness of the asset class is enhanced, according to Luca Albertini of Leadenhall Capital Partners LLP.Primary catastrophe bond issuance has rebounded after a halt caused a slower read the full article →

FedNat adds aggregate cover to $1.9bn renewal, cites more restrictive terms

U.S. primary insurance carrier group FedNat Holding Company has successfully secured around $1.9 billion of reinsurance protection for its subsidiaries, but cited hardening rates and "more restrictive" terms from markets at the renewals.FedNat has again purchased slightly more protection, taking its catastrophe excess of loss reinsurance coverage up to $1.9 read the full article →

Hurricane season forecast “very” active, with high landfall probability

The latest forecast updates for the 2020 Atlantic tropical storm and hurricane season continue to point to elevated chances of a particularly active year, with Colorado State University saying we should expect it to be "very" active, with above average landfall probabilities as well.The latest forecasts from two of the read the full article →

Plenum launches UCITS fund with cat bond & insurance debt focus

Plenum Investments AG, the Zurich based specialist insurance-linked securities (ILS) and catastrophe bond investment manager, has launched the Plenum Insurance Capital Fund, a UCITS ILS fund that will allocate to both catastrophe risks and subordinated insurance debt instruments.The move follows a recent announcement of senior hires at Plenum Investments with read the full article →

Spinnaker gets snapped up by insurtech Hippo

Spinnaker Insurance Company, the well-known program and fronting service specialist that was founded in 2015 by ex-Arch Re Ingrey family members, has been sold to insurtech Hippo.Hippo is a high-growth, technology focused insurance company that aims to transform home insurance and ownership completely, with the use of smart home technology read the full article →

United (UPC) grows cascading cat reinsurance limit, renews quota share

United Insurance Holdings (UPC Insurance) has increased the size of its catastrophe reinsurance program for 2020, buying additional cascading limit to cover multiple events and renewing its core quota share arrangement.United (UPC) focused on traditional and collateralised sources of reinsurance for its 2020 renewal, opting not to renew its catastrophe read the full article →

Covid-19 BI markdowns drive private ILS funds to April decline: ILS Advisers

Markdowns due to potential business interruption claims from the Covid-19 pandemic caused some private ILS or collateralised reinsurance funds to decline during the month of April, while pure catastrophe bonds outperformed, ILS Advisers said today.April 2020 saw the average ILS fund return drop to a negative -0.18%, according to the read the full article →

Third Point Re sees retro contraction & trapped collateral as opportunity: CEO Malloy

Third Point Re, the Bermuda headquartered, hedge fund backed global reinsurance firm, aims to find opportunity in any dislocation seen across retrocession and ILS markets, as it stands ready to deploy more capacity into catastrophe retro renewals, its CEO told us.Speaking with Artemis, Third Point Re CEO Dan Malloy explained read the full article →

Coronavirus compounds hurricane season challenges in 2020: Fitch

The continuation of the Covid-19 coronavirus pandemic into the 2020 Atlantic hurricane season is set to compound challenges for insurance, reinsurance and ILS capacity providers this year, according to Fitch Ratings.The coronavirus outbreak and resulting lockdown, then slow shift back towards a new normal, is set to exacerbate the challenges read the full article →