ILS manager

Following the UK’s decision to leave the EU last week, U.S. domiciled law firm Drinker Biddle & Reath LLP has provided some thoughts on what a post-Brexit world may look like for the London and UK market, citing the possibility that it may not be negative for the plans to facilitate ILS business.

The UK insurance and reinsurance market is awash with uncertainty, as the ramifications of a UK vote to leave the European Union are digested and London seeks to understand what a vote for Brexit will mean for its future prospects.

As the world digests the ramifications of the UK’s Brexit vote to leave the European Union, the equity analysts are assessing the potential impact to the insurance and reinsurance sector, particularly in the UK and Europe.

So, overnight the United Kingdom population has voted in favour of leaving the European Union, in what is to many a surprising result that presents a number of potential issues for the insurance-linked securities (ILS) market to consider.

Bermuda is seeking to ready itself to be considered as a “third-country,” or non-European Union, with passport rights under the Alternative Investment Fund Managers Directive (AIFMD), a move which would benefit local ILS funds and managers.

Zurich, Switzerland headquartered specialist insurance-linked securities (ILS) and reinsurance-linked investment manager Twelve Capital AG has added three new hires in its London office, as the asset manager builds capabilities to continue to strengthen its offering.

Across the peak catastrophe zones, insurance-linked securities (ILS) funds and their managers have had a real impact on pricing and this looks set to continue as ILS capitalises on its lower cost of capital, a survey undertaken by Willis Re found.

The insurance-linked securities (ILS) market’s investment managers are affected by the forthcoming Alternative Investment Fund Manager Directive (AIFMD) and service providers are busy rolling out solutions to make ILS investment managers transitions simpler.

This interview with Tony Rettino, Founding Principal and Portfolio Manager at ILS investment specialist Elementum Advisors discusses the sustainability of the ILS reinsurance model and where growth opportunities will come from for the sector.

Just how much capital is there in the insurance-linked securities, alternative reinsurance capital and associated markets? Estimates tend to range from $40 billion to $50 billion, but a feature we’re launching today suggests it is higher than that.