ILS funds news, insurance linked securities or ILS fund news

Rate firming across insurance and reinsurance markets could persist for the “next three to four years” the CEO of Convex Group told the Financial Times.

Insurance-linked securities (ILS) asset manager Merion Square Capital LLC has announced the hiring of Jeff Fraser as its new Head of Analytics.

Hurricane Dorian remains a dangerous storm offshore of the southeastern United States, but it has weakened very slightly back to Category 2 status although still poses a dangerous threat to the Carolinas where a landfall remains possible.

The use of informal data sources as inputs to industry loss warranty (ILW) triggers can cause issues related to collateral such as its trapping and produce additional basis risk, according to Property Claim Services (PCS).

Tremor Technologies, Inc., the programmatic insurance and reinsurance risk transfer marketplace provider, has announced a fundraise of new investment capital totalling $10 million, featuring backing from well-known traditional and ILS industry names.

Alternative reinsurance capital, largely contributed by insurance-linked securities (ILS) funds, stayed roughly flat through the first-half of 2019, but traditional reinsurers benefited from their investment returns to post 10% capital growth.

France headquartered global reinsurance firm SCOR is aiming to become the “reinsurance company of tomorrow” with its latest strategic plan, part of which also includes capitalising on its position in the insurance-linked securities (ILS) market.

Hyperion X, a data and technology focused unit of the global Hyperion Insurance Group, has announced the hiring of David Flandro as its new Managing Director, Analytics.

Property Claim Services (PCS) has launched Mexico as the latest addition to its range of industry loss data aggregation and index reporting services, teaming up with Asociación Mexicana de Instituciones de Seguros (AMIS) for PCS Mexico.

Hurricane Dorian is set to bring much of the United States southeastern coastline the potential for “life-threatening storm surge and dangerous winds” as it travels north, with the Carolinas now facing the potential for a landfall from the eye.