Industry loss warranties news

Franklin Templeton Investment Solutions, the more hedge fund focused part of the global asset manager, has maintained its strongly overweight conviction on the catastrophe bond asset class, while adopting a neutral stance on all other insurance-linked securities (ILS).

The Ambassador US mutual catastrophe bond fund strategy operated by Embassy Asset Management has continued to expand its total insurance-linked securities (ILS) assets under management, with further growth in the last quarter of record which has continued since, lifting the funds AUM to just over $607 million at this time.

Stefano Nicolini, a well-known specialist industry loss warranty (ILW) focused reinsurance broker, has joined Moody’s broker and insurance-linked securities (ILS) focus team as a Director of Sales, where he will be tasked with helping market participants utilise Moody’s catastrophe models and technology solutions.

Beazley’s Group Chief Underwriting Officer Paul Bantick explained this morning how the company has prepared itself to respond to the evolving cyber threat landscape, laying out the importance of its reinsurance and cyber insurance-linked securities (ILS) protection, while also providing an insight into its exposure to recent events.

Franklin Templeton Investment Solutions, the more hedge fund focused part of the global asset manager, has maintained its strongly overweight conviction on the catastrophe bond asset class, finding their returns still appealing for investors despite generally lower yields than two years ago.

The Ambassador US mutual catastrophe bond fund strategy operated by Embassy Asset Management grew its total insurance-linked securities (ILS) assets under management by approximately 23% in the last quarter of record. Its cat bond holdings have continued to grow taking the fund’s AUM to $537 million by the end of June.

Analysts from KBW have said that reinsurance executives they met with recently are mostly expecting the June 1 renewals to see property catastrophe rates down around 10% on a risk-adjusted basis, but with significant variation by layer and top-layers where catastrophe bonds and industry-loss warranties (ILWs) sit to see larger declines.

Robust catastrophe bond issuance in the first and now second quarter of 2025 seems to have taken some of the excess cash out of the market, leading to a little more firmness in pricing of late, K2 Advisors, the hedge fund focused investment management unit of Franklin Templeton has noted.

The City National Rochdale Select Strategies Fund, a mutual insurance-linked securities (ILS) strategy focused on industry loss warranties (ILWs) and catastrophe bonds, delivered a net return of 11.77% for the year ended January 31, 2025.

Acrisure Re, the reinsurance broking division of global firm Acrisure, has made some key hires in Bermuda, taking Roman Romeo, who joins the company as Head of Acrisure Re Bermuda, as well as Barry Gordon, a specialist in broking industry-loss warranty (ILW) instruments, from rival Aon.