ILS funds news, insurance linked securities or ILS fund news

Insurance-linked securities (ILS) funds are generally delivering strong returns to their investors so far during the seasonal peak of premium allocation, when the risk-linked return contribution tends to be at its highest.

Nephila Climate, the weather, climate risk and reinsurance focused unit of ILS fund management firm Nephila Capital, has added a new product to its suite of hedging solutions for operators of weather-driven renewable energy businesses.

The introduction of a new class of insurer in Bermuda, “Collateralised Insurers”, is expected to be beneficial to both insurance-linked securities (ILS) funds’ and their investors, according to Sarah Demerling, Partner at law firm Walkers.

Artex Risk Solutions is set to acquire Horseshoe, the Bermuda-headquartered specialist ILS, insurance or reinsurance management and fund administration, servicing, and risk transformation specialist, creating a dominant ILS service firm that will operate under the Horseshoe brand.

The acquisition of Vida Capital, Inc., the alternative investment manager and joint-venture partner in insurance-linked securities (ILS) asset manager Merion Square Capital LLC, has now been completed.

Following the first successful catastrophe risk transaction to use the Tullett Prebon owned Insurance Linked Notes (ILN) platform, $10 million of insurance-linked securities (ILS) have now been listed on the Bermuda Stock Exchange (BSX).

The shrinking of Stone Ridge Asset Management’s insurance and reinsurance linked assets under management slowed again in the investment managers last quarter of record, as its ILS assets ended July at $5.78 billion.

TransRe, the Alleghany owned reinsurance brand name for Transatlantic Holdings, is approaching opportunities to provide fronting services for insurance-linked securities (ILS) or third-party capital providers with caution and opting to be selective about those it works with.

Hyperion Insurance Group, the global insurance and reinsurance broking, advisory and underwriting company, has hired Mark Shumway, an executive with capital markets and ILS advisory expertise, to its Hyperion X unit.

Allianz Global Corporate & Specialty (AGCS) has announced the promotion of Hyeji Kang as its new Global Head of Reinsurance and Catastrophe Risk Management as incumbent Bernhard Arbogast is set to retire.