ILS funds news, insurance linked securities or ILS fund news

The insurance-linked securities (ILS) fund and collateralized reinsurance sector expanded both the scope of the coverage it was offering as well as its market share at a Florida June 1st reinsurance renewal where rate increases were seen as disappointing, according to broker JLT Re.

A new private catastrophe bond arrangement has been completed using the Eclipse Re platform operated by the Horseshoe Group and Rewire Securities LLC, a $53.3 million Eclipse Re Ltd. (Series 2018-01A) deal that we understand to be a renewal of a transaction completed a year earlier.

Insurance-linked securities (ILS) and collateralized reinsurance funds have fallen to an average loss of -0.28% for the month of April 2018, the first negative return for an April since ILS Advisers Index began tracking the market in 2006, as hurricane Irma loss adjustments continued.

Securis Investment Partners LLP, the London headquartered insurance-linked securities (ILS) and reinsurance-linked investment manager, has hired Clint Graham to the role of Senior Analyst within the non-life team at the firm.

Wilmington Trust, N.A. has announced the hiring of Michael Ramsey to the role of client development officer in its Insurance Collateral Solutions team, the area of the business focused on collateral solutions for insurance-linked securities (ILS) including catastrophe bonds and other reinsurance transactions.

PartnerRe is making a change to its third-party reinsurance and ILS capital management strategy, moving away from running an actively managed insurance-linked securities (ILS) portfolio to a strategy focused on using quota shares to allow investors to participate in its reinsurance underwriting returns.

With forecasts for the 2018 Atlantic hurricane season, which officially begins today, largely pointing to an average level of activity, Fitch Ratings believes the U.S. property & casualty insurance industry is well positioned for it, assisted by the availability of alternative reinsurance capital.

The Colorado State University tropical weather forecasting team, the Tropical Storm Risks forecasters and the Weatherbell team have all toned down their forecasts for the 2018 Atlantic hurricane season, pointing to cooling of Atlantic sea surface temperatures.

We’ve added another wave of speakers for the upcoming third instalment of our annual insurance-linked securities (ILS) conference in Asia, ILS Asia 2018, featuring the Monetary Authority of Singapore (MAS), GC Securities, RenaissanceRe, Peak Re, Tullett Prebon, Aon Risk Solutions, Baker & McKenzie Wong & Leow LLC and AIR Worldwide.

Global insurance and reinsurance firm Everest Re has announced some changes in the leadership of the firms collateralized reinsurance, sidecar-like investment vehicle, Mt. Logan Re Ltd., with David Whiting promoted to President as CEO Rick Pagnani is set to leave the firm.