Insurance-linked investments

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Horseshoe + Artex to create “ILS center of excellence” – CEO Perez

The combining of Horseshoe Insurance Services Holdings Ltd. and Artex Risk Solutions operations positions them to create an "ILS center of excellence" according to Horseshoe CEO Andre Perez.As we recently reported, Artex Risk Solutions is set to acquire Horseshoe, the Bermuda-headquartered specialist ILS, insurance or reinsurance manager and fund administrator, read the full article →

Arch sponsoring $577m Bellemeade Re 2019-4 mortgage ILS

Bermuda-headquartered re/insurer Arch Capital Group Ltd. is back in the capital market for another mortgage insurance-linked securities (ILS) deal, with its newest transaction set to be a $577.28 million Bellemeade Re 2019-4 Ltd. issuance.Arch Capital has steadily increased the amount of mortgage insurance risk it lays off to capital market read the full article →

Athene’s ACRA insurance-linked sidecar vehicle gets rated

Athene Holding Ltd., the life and retirement reinsurance firm that is majority owned by investor and private equity specialists Apollo Global, has had the two entities of its Athene Co-Invest Reinsurance Affiliate (ACRA) sidecar vehicle rated by A.M. Best.Athene has been steadily raising third-party capital commitments for the Athene Co-Invest read the full article →

Most ILS allocators expect returns of up to 5%, but 33% expect 10%+

The majority of institutional investors allocating to the insurance-linked securities (ILS) asset class are only expecting returns of up to 5%, confirming that for many, such as pension funds, ILS and reinsurance allocations are not an area where too much risk is being sought to add to portfoliosHowever, a significant read the full article →

Dorian dents August ILS fund returns, shows reserving policies vary

As expected, the mark-to-market impacts to catastrophe bond valuations right at the end of August caused by hurricane Dorian has driven the overall average return of insurance-linked securities (ILS), cat bond and collateralized reinsurance funds for August much lower.With one ILS fund still to report, having delayed its August returns read the full article →

Cowdery’s Resolution Life promotes Hales to CEO of reinsurance unit

Resolution Life, the life insurance focused arm of insurance entrepreneur Clive Cowdery’s Resolution Group, has announced the promotion and appointment of Steve Hales as CEO of its Bermuda reinsurance unit Resolution Re.Resolution has an interesting strategy that sees it taking on large books of life insurance business, using fund type read the full article →

HSCM Bermuda adds ex-Montpelier Re CEO Harris to advisory board

HSCM Bermuda, the reinsurance investment management business arm of Hudson Structured Capital Management Ltd., has signed up Chris Harris, the former CEO of Bermuda reinsurance firm Montpelier Re, to its advisory board.With immediate effect, Harris will join insurance-linked securities (ILS), reinsurance and transportation focused investment manager Hudson Structured as an read the full article →

ILS allocation sweet spot still seen as up to 5% of assets

There's always been a lot of discussion about just how much of their capital an institutional investor like a pension fund should allocate to an asset class like insurance-linked securities (ILS), but research from asset manager Schroders suggests that up to 5% remains the sweet spot.Global asset management group Schroders, read the full article →

Markel CATCo begins returning capital to listed fund shareholders

Markel CATCo Investment Management has begun returning capital to shareholding investors in its listed retrocessional reinsurance investment fund, with almost $16 million set to be returns by way of an interim dividend.The Board of the Markel CATCo exchange listed managed fund recommended an orderly run-off of the fund’s portfolios of read the full article →

ILS funds delivering strong returns during seasonal peak

Insurance-linked securities (ILS) funds are generally delivering strong returns to their investors so far during the seasonal peak of premium allocation, when the risk-linked return contribution tends to be at its highest.We've become aware from sources that a reasonable number of private ILS funds and funds focused on collateralised reinsurance read the full article →