ILS funds news, insurance linked securities or ILS fund news

Securis Investment Partners, the London-headquartered insurance and reinsurance linked investment manager, is set to further pull back from excess and surplus (E&S) lines property insurance risks as the firm and partner StarStone are to cease working together for 2019.

Asset management giant Amundi Pioneer Investment Management has again raised its expectations for the level of losses its interval-style mutual insurance-linked securities (ILS) fund will face from the recent California wildfires.

Questions related to the hours clause are being raised with respect to the recent California wildfires, as some cedants look to the possibility of claiming more than once on their reinsurance or retrocession protection, Artemis has learned.

A number of trends that are emerging in the wake of the major catastrophe losses of the last two years can be considered as healthy for the insurance-linked securities (ILS) market, according to industry experts.

Markel CATCo Investment Management Ltd., the retrocessional reinsurance investment specialist, has announced that it is to further strengthen its loss reserves for 2017 catastrophe events, while at the same time it has been announced that the firm has received an enquiry from regulatory authorities over the original loss picks it made.

The insurance and reinsurance industry loss estimate for the northern Californian Camp wildfire has now been estimated as from $6 billion up to $9 billion by catastrophe risk modeller AIR Worldwide.

We’re pleased to reveal three more speakers for our next conference, with senior representatives from the U.S. Federal Emergency Management Agency (FEMA), Everest Re and HSBC Global Asset Management all set to participate in our February 1st 2019 insurance-linked securities (ILS) event in New York, Artemis ILS NYC 2019.

The industry loss warranty (ILW) market is waiting nervously for confirmed estimates of industry losses to emerge for a number of recent catastrophe events around the globe, with certain trigger points on-watch and further ILW losses possible in the coming weeks.

Global reinsurance firm Munich Re has estimated the insurance industry loss from typhoon Jebi’s impacts in Japan at $6 billion, while less impactful typhoon Trami is estimated to have caused a $2 billion industry-wide impact.

The Ontario Teachers’ Pension Plan Board (OTPP), one of the longest standing pension fund investors in insurance-linked securities (ILS), is to again downsize its allocations to the space and has already pulled back from two ILS funds, Artemis understands.