Insurance-linked investments


Singapore’s ILS grant scheme extended to end of 2022: MAS

The Monetary Authority of Singapore (MAS) has extended its insurance-linked securities (ILS) grant scheme to the end of 2022, as Singapore looks to build on recent positive momentum and attract more catastrophe bond issuers to its shores. Speaking today at our Artemis ILS Asia virtual conference, Mr. Benny Chey, Assistant Manager read the full article →

Essent adds to triggered mortgage ILS as delinquencies accelerate in June

As expected, U.S. focused mortgage insurer Essent Guaranty has reported that all of its mortgage insurance-linked securities (ILS) transactions outstanding are now subject to a trigger event, after the Covid-19 pandemic drove delinquency rates much higher. Essent Guaranty follows three other mortgage insurers that have reported a triggering of their mortgage read the full article →

KKR acquiring life & retirement re/insurer Global Atlantic

Private equity and buyout giant KKR & Co. L.P. (or Kohlberg Kravis Roberts) has again demonstrated its appetite for insurance-linked returns by announcing it is to acquire life and retirement focused insurance and reinsurance firm Global Atlantic Financial Group. KKR, as one of the largest private equity and buyout specialists, has read the full article →

Pioneer ILS Interval fund shrinks, but returns beat benchmark

The Pioneer ILS Interval Fund, a dedicated insurance-linked securities (ILS) focused mutual investment fund strategy operated by Amundi Pioneer Investment Management, saw its assets under management shrink by around 2.4% in the last quarter of record, but in the six months at April 30th delivered benchmark beating returns. Having returned to read the full article →

Vida Capital acquires longevity life settlement asset manager Avmont

Vida Capital, Inc., the alternative investment manager with a life settlement and insurance-linked securities (ILS) focus, has added to its life and longevity asset management scope, with the acquisition of specialist Avmont, LLC. Vida Capital is of course a joint-venture partner in insurance-linked securities (ILS) and collateralised reinsurance asset manager Merion read the full article →

Integral ILS to launch with Lowther & Zeng at helm, AmWINS & TransRe in support

Integral ILS Ltd. has been launched as a new Bermuda based insurance-linked securities fund manager by industry execs Richard Lowther and Lixin Zeng, with ties to global insurance distributor and servicer AmWINS and reinsurance firm TransRe. Integral ILS Ltd. is in the early stages of its development still, but targeting being read the full article →

ILS funds average 0.12% return in muted May performance

The average return of catastrophe bond and insurance-linked securities (ILS) funds was just 0.12% in May 2020, as muted performance was the order of the day and a number of funds fell to a decline. May 2020 saw the average ILS fund return just 0.12%, according to the Eurekahedge ILS Advisers read the full article →

Double-digit reinsurance price increases may extend into 2021: Fitch

The reinsurance market may enjoy further double-digit price increases at the renewals in early 2021, but with capital now flowing into the sector Fitch Ratings warns that this will inevitably halt the rate momentum. The good news is that reinsurance rates are catching up with the primary market, resulting in a read the full article →

Announcing the schedule for our virtual ILS Asia conference

We’re delighted to reveal the schedule for our online & virtual ILS Asia 2020 conference this July. The agenda is almost finalised and we urge you to register soon while spaces last to take advantage of this opportunity to hear from ILS industry experts. Plans for our online & virtual ILS read the full article →

Some mortgage ILS’ triggered as delinquencies soar due to Covid-19

Three sponsors of mortgage insurance-linked securities (ILS) transactions have warned investors in the mortgage insurance linked notes that elevated loan delinquency levels in May 2020 have triggered their deals. The three sponsors in question are Radian Guaranty, National Mortgage Insurance Corporation and MGIC Investment Corporation, each of which have visited the read the full article →