ILS funds news, insurance linked securities or ILS fund news

Alternative reinsurance capital, so the capital that is largely supplied by insurance-linked securities (ILS) fund managers, grew by 4% to reach $94 billion in 2021, according to broker Gallagher Re.

Shares have been redeemed in the public and stock exchange listed CATCo Reinsurance Opportunities Fund, as investors in the strategy finally get to realise the remaining value and exit the retrocessional reinsurance investment strategy.

The development of Fontana Holdings, RenaissanceRe’s newly announced, third-party capital-backed casualty and specialty reinsurance joint venture vehicle, sought to answer investor questions and respond to their needs for an efficient access point to these lines of business, Chris Parry explained to Artemis.

Although the frequency and severity of claims in recent times has hindered returns in the insurance-linked securities (ILS) market, the fundamental strength of the asset class remains, according to Stephan Ruoff and Mark Gibson of Schroders Capital.

Bermuda-based RenaissanceRe Holdings Ltd. (RenRe) has created its first third-party reinsurance capital backed joint venture focused on casualty and specialty risk, Fontana Holdings L.P., which launches with $475 million of capital, most of which comes from institutional investors.

Insurance-linked securities (ILS) fund strategies delivered muted performance in February 2022, with catastrophe bond funds affected by market dynamic related pricing pressure, while some private ILS fund strategies experienced impacts to aggregate positions.

Skyfora, a Helsinki-based weather intelligence startup that utilises artificial intelligence to derive tropical cyclone intensity forecasts, has announced an updated model and also noted that it has on-boarded a customer from the insurance-linked securities (ILS) market.

ILS Bermuda, an organisation that promotes Bermudian economic development through growth of the reinsurance convergence and insurance-linked securities (ILS) sector on the island, has named two industry leaders to key roles, as its leadership adjusts.

At the April 1st reinsurance renewals, the insurance-linked securities (ILS) market played a role as usual and was relatively stable, but the retrocession marketplace is one area that continues to become increasingly complex, according to James Vickers.

The majority of insurance-linked securities (ILS) fund managers responded to a survey on non-affirmative cyber risk to say that they believe they have exposure in their ILS portfolios, according to PCS.