Insurance-linked investments


Akinova to focus on clearing with help of ex-LCH.Clearnet CEO

Akinova, the start-up that aims to create a platform or marketplace for the transfer and trading of insurance and reinsurance risks, is adopting a focus on clearing trades, signing up Ian Axe to its advisory team, a former Group CEO of LCH.Clearnet. Clearing refers to the reconciliation of purchases or sales read the full article →

Florida Citizens growth suggests takeout opportunity returning

The opportunity to takeout insurance policies from Florida's Citizens Property Insurance Corporation may return once again, as the insurers portfolio is expanding faster than it expected and it feels some of the book may be attractive. Florida Citizens had previously said that the state of the Florida insurance market would drive read the full article →

Nat cat protection gap widened in 2019 including in North America

Despite the fact insurance and reinsurance markets become increasingly sophisticated in their use of technology to reach customers and provide enhanced coverage, in North America, perhaps the most advanced economy in insured terms, the natural catastrophe protection gap actually widened by over 7% in 2019. It should perhaps be considered an read the full article →

Aon: Reinsurers won’t cover cost of own capital, but raise new alternative capital

Broking giant Aon said that reinsurance companies included in its Aon’s Reinsurance Aggregate won't cover their cost of capital in 2020, after loss ratios rose on the COVID-19 pandemic. But the broker also noted that some reinsurance companies have been successful in raising new alternative capital, which of course begs the read the full article →

Sidecars helped Swiss Re attract capital in difficult times: CEO Mumenthaler

The alignment inherent in the collateralised reinsurance sidecar vehicles that Swiss Re operates has helped the company to attract fresh ILS capital even during difficult times, the firms CEO Christian Mumenthaler told us. Speaking in a recent Artemis Live video interview, Mumenthaler explained how the world's largest reinsurer Swiss Re is read the full article →

Not everything in ILS comes down to models: Chin Liu, Amundi Pioneer

When it comes to building a portfolio of insurance-linked securities (ILS) and reinsurance linked investments, there is more to quality and return potential than simply following models, according to Chin Liu of Amundi Pioneer. Liu is a Director of Insurance-Linked Securities and a Portfolio Manager at Amundi Pioneer, managing over $90 read the full article →

Fitch reviews Arch mortgage ILS deals, notes substantial delinquency increase

Fitch Ratings has reviewed a number of outstanding mortgage insurance-linked securities (ILS) deals sponsored by Bermuda-based insurance and reinsurance group Arch Capital Group, noting the substantial increase in mortgage delinquencies due to the Covid-19 pandemic. Arch brought a new Bellemeade Re mortgage ILS deal to market in July, becoming the first to read the full article →

Beazley raises Covid-19 loss estimate to $340m on event cancellation

Beazley, the specialist Lloyd’s focused insurance and reinsurance underwriting business, has increased its estimate of the cost of Covid-19 claims for its first party business by 100% to $340 million, net of reinsurance, in light of the evolving status of the pandemic crisis. Back in April, Beazley revealed an expected Covid-19 read the full article →

Brit targets ILS growth with Sussex Capital: Denton

Specialty insurance and reinsurance player Brit Ltd. is targeting further growth of its insurance-linked securities (ILS) activities, with expansion of the Sussex Capital platform anticipated, according to Chris Denton. Brit operates a range of third-party reinsurance capital structures, including the Versutus sidecar vehicle and the Sussex Capital insurance-linked securities (ILS) and read the full article →

CATCo gets another $68.9m of trapped collateral back from side pockets

The winding down and running-off of Markel CATCo Investment Management’s retrocession focused investment fund, the CATCo Reinsurance Opportunities Fund Ltd., continues apace, with the manager securing another $68.9 million release from side pockets established for potential loss reserves. The Markel CATCo managed retrocessional insurance-linked securities (ILS) fund has been successfully retrieving read the full article →