ILS funds news, insurance linked securities or ILS fund news

Out of the more than fifty Floridian insurance carriers that are rated by Demotech, Inc. roughly two-thirds are already meeting or exceeding the raised requirement to buy first event reinsurance protection to the 1-in-130 year loss level, but 16 may need to buy more coverage.

Insurance-linked securities (ILS) and reinsurance linked investment funds managed to achieve a slightly below average monthly return of 0.51% in January 2019, despite the continued impact of loss creep from previous events.

The Board of stock exchange listed retrocessional reinsurance investment fund the CATCo Reinsurance Opportunities Fund said today that it has agreed to a waiver of one-third of the management fees related to side-pocketed investments that it would normally pay to Markel CATCo Investment Management.

Insurance and reinsurance broker Aon has further expanded the reach of the protected cell facilities it offers through Aon Insurance Managers under the White Rock Group branding, adding the District of Columbia, U.S. as a seventh domicile location for the vehicle.

Floridian primary insurers would be advised to check their reinsurance plans as the renewal fast approaches, after Demotech, Inc. updated its first-event reinsurance requirements to mandate that a 1-in-130 year loss event be covered.

Descartes Underwriting, the start-up insurance technology (insurtech) managing general agency (MGA) that focuses on parametric and data-driven risk transfer products, has hired Edern Le Roux, an ILS specialist previously from SCOR Investment Partners.

Tickets are now on sale for our next insurance-linked securities (ILS) conference. ILS Asia 2019 will be held in Singapore on July 11th 2019 and will bring ILS industry experts together with the regional insurance, reinsurance and investor community to discuss market trends.

In reporting its results this morning, global reinsurance firm Hannover Re has revealed significant growth in its insurance-linked securities (ILS) related activities, particularly in risk transformation and fronting for collateralised reinsurance.

Another private catastrophe bond arrangement has been completed by Zurich headquartered ILS and reinsurance fund manager Twelve Capital, with a $17.96 million Dodeka XXI transaction.

Asset management giant PIMCO (Pacific Investment Management Company LLC) has hired two experienced reinsurance and ILS professionals as it continues the build-out of its recently formed ILS Business.