institutional investor


Volatile ILS fund flows to continue as Covid-19 economic hit persists

Insurance-linked securities (ILS) fund managers and reinsurance companies managing third-party capital are likely to see continuing volatility in terms of investor inflows and outflows, as the broader implications of the Covid-19 pandemic continue to emerge. While an economic recovery is hoped for in the long-run, the hit to global economies and read the full article →

Pioneer hires Sharpington from BMS for property cat underwriting

Underwriting agency Pioneer Underwriting has hired James Sharpington, formerly of broker BMS, as an Underwriter for its Pioneer CAT property catastrophe team, effective July 2018. The Pioneer CAT team was launched as a new business unit focusing on property catastrophe reinsurance underwriting and while originally aiming to be backed largely by institutional read the full article →

Pioneer launches prop cat reinsurance startup with institutional backing

Demonstrating another way that institutional investors and capital markets money can make its way into the reinsurance sector, underwriting agency Pioneer Underwriting is launching a property catastrophe reinsurance startup with the help of backing from a range of investors. Pioneer Cat will begin underwriting this month, according to a statement from read the full article →

Non-specialist investors increasing allocations to insurance-linked securities (ILS): A.M. Best

Participation in the insurance-linked security (ILS) and catastrophe bond markets is on the increase from a segment of the investment world which rating agency A.M. Best terms 'non-specialist investors'. These large, institutional and capital market investors, include entities such as pension funds and mutual funds and they have been steadily read the full article →

Pension funds fueling demand for catastrophe bonds

The increasing interest that pension funds around the world are showing in the catastrophe bond and insurance-linked security assets classes will be nothing new to our readers. It's been widely accepted that much of the capital flowing into the insurance-linked and reinsurance-linked investment space (including catastrophe bonds) has been sourced read the full article →

Institutional investors still need educating on catastrophe bonds

The recently published report on Insurance Linked Securities (ILS) by independent publisher Clear Path Analysis contains a roundtable interview which involves two representatives of pension funds who don't currently invest in catastrophe bonds or insurance-linked securities and asks them what they think of the asset class. Their comments suggest that read the full article →

Large institutional investors to increase allocations to smaller funds in hunt for alpha

Hedge Fund Alert, one of the leading publications covering the hedge fund investment industry, have published an interesting article which discusses the results of their annual industry outlook survey. The article says that the consensus among 20 participants in their survey was that large institutional investors, such as pension funds, read the full article →

GAM launches UCITS cat bond fund, brings ILS opportunities to retail investors

Investment manager GAM has announced the launch of a UCITS version of their catastrophe bond fund today. GAM Star Cat Bond is a UCITS-compliant fund which aims to deliver stable and attractive returns from a diversified basket of underlying catastrophe bonds and insurance-linked securities. They are seeking to provide attractive read the full article →

Risks, returns and volatility of insurance and reinsurance linked investments

The options available to investors seeking to access non-correlated returns by investing in insurance and reinsurance linked asset classes which are correlated to catastrophe events and not to the wider financial markets are growing. As different types of reinsurance vehicles emerge and new ways to structure and trigger insurance-linked securities read the full article →

Barclays Capital launches catastrophe bond issuance platform

Barclays Capital have today announced the launch of a program which aims to streamline issuance of catastrophe bonds and insurance-linked securities while also lowering transaction costs and barriers to entry for issuers. The platform, which is an extension of Barclays Capital's event-linked swaps business will seek to efficiently and cost-effectively read the full article →