ILS funds news, insurance linked securities or ILS fund news

Hiscox Re Insurance Linked Strategies Ltd. said today that Chief Operating Officer and Managing Principal Richard Lowther is moving on from the firm.

Global asset management group Schroders has taken its ownership stake in Swiss ILS & reinsurance investments specialist Secquaero Advisors AG to 100%.

Eclipse Re Ltd., a special purpose insurance and segregated accounts company that was originally launched by Horseshoe Group and Rewire Securities LLC has issued a $30 million tranche of Eclipse Re Ltd. (Series 2019-03A) private catastrophe bond notes.

The liquidation and running off of the stock exchange listed Blue Capital Alternative Income Fund insurance and reinsurance linked investment strategy is set to continue into 2020, demonstrating the long process of unwinding collateralised reinsurance contract investments.

Only 5 of the 33 insurance-linked securities (ILS) funds tracked by ILS Advisers reported positive returns in May 2019, as catastrophe loss creep and cat bond price pressure dented sector returns, resulting in the Index falling to a negative -1.13% for the month.

Vida Capital, Inc., an alternative asset manager focused on non-correlating investment classes and a joint-venture partner in insurance-linked securities (ILS) asset manager Merion Square Capital LLC, is being acquired.

Singapore is acutely aware that it needs to continue to innovate if it is to achieve its goal of becoming a key insurance-linked securities (ILS) hub for the Asia region, as well as to support the widest range of ILS transactions possible.

Hudson Structured Capital Management Ltd. (doing its insurance investment business as HSCM Bermuda), the insurance-linked securities (ILS), reinsurance and transportation focused investment manager, led a Series B funding round for insurtech Risk Genius.

Markel Corporation has reached the point where it can put the two lawsuits from the ex-CEO’s of its Markel CATCo Investment Management unit behind it, having agreed terms to settle or close the cases.

The growing pressure on corporations to take greater responsibility for the climate related risks and exposures they carry could present an opportunity for insurance and reinsurance market participants to demonstrate innovation in product design, according to Aon’s Greg Lowe.