Insurance-linked investments


Abu Dhabi Investment Authority exploring reinsurance market entry

The Abu Dhabi Investment Authority (ADIA), a sovereign wealth investment fund owned by the Emirate of Abu Dhabi and tasked with investing funds on behalf of the Government of the Emirate, is looking to expand its activities in reinsurance with its own carrier and also insurance-linked securities (ILS), we're told. Sources read the full article →

Cat bond funds outperform private ILS funds, on average, in March

The overall insurance-linked securities (ILS) fund market averaged a 0.22% return for March 2021, which was above average for the month but seemingly impacted by losses booked by a number of collateralized reinsurance and retrocession focused funds. After numerous insurance-linked securities (ILS) funds reported negative performance for February, largely due to read the full article →

PartnerRe CEO says “significant” third party capital growth helping

PartnerRe, the Bermuda headquartered, EXOR owned reinsurance company, is feeling the benefits from its increased haul of third-party reinsurance capital, according to CEO Jacques Bonneau. The reinsurance company reported its first-quarter results yesterday, saying that while it fall to a net loss of $66 million because of unrealised losses on fixed read the full article →

ILS Capital invests in & supports commercial auto insurtech Pouch

Bermuda headquartered ILS fund and investment manager ILS Capital Management has provided a seed round of funding to commercial auto insurance tech startup Pouch, while also agreeing to let the insurtech use its insurance carriers and presumably its reinsurance capital as well. Pouch has created a customer friendly, simple approach to read the full article →

Hudson Structured co-leads $64m Series C for home insurtech Kin

Insurance-linked securities (ILS), reinsurance, insurtech and transportation focused investment manager Hudson Structured Capital Management Ltd. has invested in home insurtech company Kin Insurance for the third time. Hudson Structured, doing its insurance investment business as HSCM Bermuda, originally invested in Kin Insurance back in 2019, when it participated in a $47 read the full article →

United (UPC) adds $150m to gross hurricane Irma loss

United Insurance Holdings (UPC Insurance), the Florida headquartered and still focused insurer, has revealed a further $150 million of loss creep related to 2017's hurricane Irma, which the company booked at the end of Q1 2021. At the same time, United (UPC) believes that the rate of litigation related claims inflation read the full article →

AIG’s AlphaCat sees ILS assets shrink $400m to $3.8bn in Q1 2021

American International Group’s (AIG) insurance-linked securities and collateralized reinsurance activities under its dedicated ILS investment manager entity, AlphaCat Managers, were impacted by losses during the first-quarter of the year it appears, while assets under management shrank by almost 10%. Insurance-linked securities (ILS) assets under management at AlphaCat Managers fell by $400 read the full article →

United (UPC) says Florida to remain “very firm for the foreseeable future”

Florida headquartered insurer United Insurance Holdings (UPC Insurance) has said that it anticipates the Florida personal lines property insurance market remaining "very firm for the foreseeable future". The carrier had recently explained that the litigation issue and resulting loss inflation and amplification continues for Florida homeowners’ insurers, with its data suggesting read the full article →

Chubb got first ABR Re fee sharing payment from Blackrock in 2020

Regular readers will know we like to cover any news on Chubb's total-return and third-party capitalised reinsurance joint-venture ABR Re, which we see as becoming increasingly strategically important to the insurer. ABR Reinsurance Capital Holdings Ltd., the parent and ABR Reinsurance Ltd. (ABR Re), the reinsurance underwriting company, was launched in read the full article →

SBAI highlights need for strong governance in ILS side-pocketing

The Standards Board for Alternative Investments (SBAI) has published a new document that discusses the practice of side-pocketing within the insurance-linked securities (ILS) industry and explains the need for strong governance, transparency and robust disclosure when it comes to reserving for potential losses. The practice of side-pocketing is broadly used in read the full article →