ILS funds news, insurance linked securities or ILS fund news

Alternative reinsurance capital levels, largely from insurance-linked securities (ILS), continued to rebound in the fourth-quarter of 2020, adding $2 billion to end the year at $94 billion, according to the latest data from broker Aon.

Ernie Zayicek, Chief Operating Officer at AM RE Syndicate Inc., believes that the attritional, low severity types of risks offered by AM RE will become increasingly attractive to insurance-linked securities (ILS) investors over the coming years.

Despite still being less than four months through the year, issuance of new catastrophe bonds and other related insurance-linked securities (ILS) we track here at Artemis is already approaching $6 billion in 2021.

The litigation issue and resulting loss inflation and amplification continues for Florida homeowners’ insurers, with the latest report from United Insurance Holdings (UPC Insurance) suggesting that the issue is worsening in 2021.

Our latest Artemis Live video interview features James Vickers, Chairman of Willis Re International, part of the global reinsurance broking unit of Willis Towers Watson, who joined us to discuss reinsurance market performance and capital trends.

AlphaCat Managers, the insurance-linked securities and collateralised reinsurance investment management entity of insurance giant American International Group (AIG), has secured a high-profile new hire in Adam Szakmary, who will join AlphaCat as Chief Underwriting Officer (CUO).

The industry loss warranty (ILW) market saw pricing spike to levels aligned with the pre-mid year 2020 market, as attention shifts to arranging hedges and covering Florida exposures, broker Willis Re has said.

Allianz Global Corporate & Specialty (AGCS) has appointed David Brown as its new head of Capital Solutions, a team focused on the insurance-linked securities (ILS) market, transferring insurance risk to capital markets, as the current unit leader Richard Boyd is leaving the firm.

The CATCo Reinsurance Opportunities Fund Ltd., the stock exchange listed retrocession focused strategy managed by Markel CATCo and in run-off at this time, is continuing to benefit from reducing loss exposure and releases of side pocketed investment capital.

RenaissanceRe, the Bermuda headquartered reinsurer and third-party reinsurance capital manager, has pre-announced an expectation that losses from winter storm Uri will have a net negative impact of around $180 million on its first-quarter 2021 results.