ILS funds news, insurance linked securities or ILS fund news

AXA XL, the global specialty insurance and reinsurance unit of the AXA Group, continues to work on initiatives related to climate risk and our oceans, with one area of work being pursued an Ocean Risk Index that could be used for risk transfer.

AXIS Capital Holdings Limited has announced a preliminary estimate that its third-quarter 2019 catastrophe losses from events including hurricane Dorian and Japanese typhoons will total from $150 million to as much as $175 million, net of recoveries from reinsurance and retrocession.

Typhoon Hagibis remains on track towards Japan, with Tokyo and the surrounding area now firmly a target and the storm forecast to make landfall as a Category 1 or 2 equivalent storm on Saturday.

Insurance-linked securities (ILS) are integral to the business of insurance and reinsurance and an ideal solution for bringing capital to the big problems facing society, according to RenaissanceRe CEO Kevin O’Donnell.

Fermat Capital Management, LLC, the insurance-linked securities (ILS) and catastrophe bond focused investment manager, has completed a second private debt arrangement for Danish non-life insurer Gefion Insurance A/S with a new €6 million transaction.

The insurance-linked securities (ILS) market plays an increasingly important role in supporting global insurance and reinsurance protection, while at the same time the convergence of ILS with traditional market structures continues apace.

Athene Holding Ltd., the life and retirement reinsurance firm that is majority owned by investor and private equity specialists Apollo Global, has had the two entities of its Athene Co-Invest Reinsurance Affiliate (ACRA) sidecar vehicle rated by A.M. Best.

Industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund City National Rochdale Select Strategies (CNRLX), grew its net assets by 13% in the quarter to July 31st, but also saw fresh losses on two positions as hurricane Irma continued to develop.

Typhoon Hagibis continues on course towards Japan as a strong Super typhoon, with landfall looking increasingly likely and while uncertainty is still high in precisely where a landfall will be, Tokyo remains on alert for the storm.

Catastrophe bond and ILS rates-on-line, as measured by a synthetic Index, declined by 7% in the third-quarter of 2019, falling back to levels seen at the beginning of the year, but at the same time ILS remains in hard market territory, the latest data from Lane Financial LLC shows.