ILS funds news, insurance linked securities or ILS fund news

The creation and utilisation of indexes can assist the insurance-linked securities (ILS) asset class as it looks to securitize risks around cyber, excess casualty and other long-tail exposures, according to Greg Hendrick, co-founder and Chief Executive Officer (CEO) of Vantage Risk.

Lloyd’s is said to be in “advanced discussions” with some major investors that are looking to use its insurance-linked securities (ILS) structure, the multi Insurance Special Purpose Vehicle (mISPV) named London Bridge Risk PCC Ltd.

While the catastrophe bond market has been first to experience investor-demand and capacity driven softening, as spreads have increasingly tightened on primary issues over recent months, this isn’t yet reading across to the entire collateralized reinsurance market at the mid-year renewal season, we’re told.

A bill has been reintroduced to the United States Congress that again calls on lawmakers to codify that Federal Emergency Management Agency (FEMA), as the administrator of the U.S. National Flood Insurance Program (NFIP), sets a PML target each year and buys reinsurance and capital market risk transfer solutions accordingly.

ERS ILS Ltd., the dedicated insurance-linked securities (ILS) management division of specialty insurance and reinsurance player ERS, is set to benefit from climate-finance prediction modeling and risk transfer analytics services provided by AbsoluteClimo and AKR Zell.

Acacia Holdings Ltd, a specialist reinsurance and retrocession investment company that is backed by private equity specialist Oaktree Capital Management, L.P., has announced the hiring of Lawrence Cheng as its Chief Underwriting Officer (CUO).

Analysts at Keefe, Bruyette & Woods conclude from market feedback that the upcoming June 1st reinsurance renewals are set to be “satisfactory but unspectacular” but that P&C reinsurance rate increases will persist, perhaps for more than two years.

Issuance of new catastrophe bonds and other related insurance-linked securities (ILS) we track here at Artemis is now set to break new ground for the first-half of 2021, with more than $10 billion of issuance now anticipated, according to our latest data on the market.

As the mid-year reinsurance renewals fast approach, insurance-linked securities (ILS) capital is once again cited in relation to a moderation of rate expectations, but this year investors are also seen to be more disciplined, analysts at Keefe, Bruyette & Woods have explained.

A number of the newly established Class of 2020 insurance and reinsurance companies and ILS fund specialists have signed up to use AIR Worldwide risk models to help them manage catastrophe risk.