ILS funds news, insurance linked securities or ILS fund news

Markel Corporation has revealed its awaited new retrocessional reinsurance ILS fund management unit, which is based in Bermuda and called Lodgepine Capital Management Limited.

While insurance resilience against catastrophes, mortality and healthcare related risks has been rising, a record sized protection gap remains, according to insight from global reinsurance firm Swiss Re.

Specialist insurance-linked securities (ILS) investment manager Plenum said that given hurricane Dorian’s path remained largely offshore of the United States, it does not expect the eventual insurance and reinsurance market loss will trigger any of its catastrophe bond positions.

AXA XL has announced a number of senior reinsurance leadership appointments and changes, as it seeks to simplify its structure around key markets and its strategy.

Hurricane Dorian is estimated to have caused an insurance industry loss in a range from $1.5 billion to as much as $3 billion from its impacts to the Caribbean islands, according to AIR Worldwide.

Insurance-linked securities (ILS) market growth over the coming years hinges on the ability of ILS funds and managers to demonstrate they can recover from recent catastrophe losses and adapt their business models to better cope with future ones.

Insurance-linked securities (ILS), catastrophe bonds and collateralized reinsurance funds experienced a more stable July 2019, averaging a 0.42% return for the months, although this was below the long-term average for the month.

The past 12-months have been both educational and reassuring for the insurance-linked securities (ILS) market and its participants, as the market learned that its structures do in the main respond as designed.

Randall & Quilter (R&Q) Investment Holdings, the specialist non-life insurance and reinsurance legacy investor and program manager, is continuing to explore the potential for third-party capital to assist it on undertaking larger legacy transactions.

Hurricane Dorian has begun to weaken somewhat as it lashes the North Carolina coast, with flooding from storm surge and rainfall reported in some areas, as well as wind damage. The storm is now expected to sustain its hurricane force winds right up into eastern Canada and the surrounding region.