ILS funds news, insurance linked securities or ILS fund news

The GAM Star Cat Bond Fund strategy has experienced a meaningful outflow of investor capital we understand, with the UCITS fund’s assets under management declining by approximately 25%, or around US $650 million, just in the month of April 2025.

Specialist insurance-linked securities investment manager Twelve Securis has put in place a temporary restriction on new subscriptions to its flagship Twelve Cat Bond Fund, as the manager looks to manage flows as the strategy reaches a new record size.

RenaissanceRe, the Bermuda based reinsurance firm and third-party capital specialist, is anticipating that its assets under management (AUM) across its joint-ventures and ILS funds will be “stable to up” over the rest of 2025, while fee income should resume its typical run-rate over the coming quarters.

Hiscox Group has reported that assets under management (AUM) at Hiscox ILS, the dedicated insurance-linked securities (ILS) management arm of the global re/insurer, dipped by $100 million to $1.3 billion in the first-quarter on the effects of the California wildfires.

Fund management revenues earned through the activities of its insurance-linked securities (ILS) investment management business Nephila Capital rose 33% for owner Markel in the first-quarter of 2025, with the company reporting they reached the highest level in at least three years for the period, at $25.5 million.

March 2025 was a positive month for the insurance-linked securities (ILS) fund sector, with a strong 0.82% average return across the sector according to the ILS Advisers Fund Index.

Aspen has launched an initial public offering (IPO) of shares, seeking to raise as much as $392 million which could value the firm at almost $2.9 billion. In the disclosures made, Aspen revealed its third-party, ILS and alternative reinsurance capital management unit Aspen Capital Markets (ACM) saw a significant rise in fee income in Q1 […]

The team behind the Brookmont Catastrophic Bond ETF (ILS) says its strategy is built on deep diversification and a long-term aim to outperform the broader catastrophe bond market on a risk-adjusted basis.

During the first-quarter of 2025, the trend in the catastrophe bond market was one of issuances upsizing and pricing down thanks to elevated levels of investor demand and robust capital levels in the sector.

RenaissanceRe, the Bermuda based reinsurance company and third-party capital manager, has raised almost $462 million in new third-party capital across its range of joint-ventures and insurance-linked securities (ILS) funds in the first-quarter of 2025, but the California wildfires saw losses shared with investors and dented the firms fee income for the period.