Insurance-linked investments

Nephila Capital, the climate and catastrophe risk focused insurance-linked securities (ILS) and reinsurance investment manager unit of Markel, has hired Brenner Anderson as an underwriter in Bermuda, who brings experience in weather derivatives and parametric risk transfer from his time at Arbol.

Lockton Re, the reinsurance arm of the independent broking group, is striking out with a target to become an arranger and facilitator of capital access to the Lloyd’s marketplace, with the hire of well-known executive James Mackay as its first Head of Lloyd’s Capital.

Analysts at BofA Securities Inc. have highlighted that while catastrophe bonds remain a complementary source of capital rather than pure competition for reinsurance carriers, that could change in time, but the analysts see any resurgence in the private ILS and collateralized reinsurance space as a more pressing threat to traditional players.

There are now just a few days left to secure the Early Bird rate for our upcoming ILS Asia 2024 catastrophe bond and insurance-linked securities (ILS) market conference in Singapore on July 11th. The Early Bird rate will expire this Sunday.

Ambac Financial Group, Inc., an NYSE listed insurance holding company, has entered into a definitive agreement to acquire a 60% controlling stake in Beat Capital Partners Limited, the London-based long duration re/insurance investor, underwriter and MGA incubation platform.

The use of third-party capital by reinsurance companies is expected to remain a key lever for the sector, as they seek to expand and take advantage of increasing demand for their coverage, S&P Global Ratings has said.

PGGM, the Dutch pension investment manager that is the largest single allocator to the insurance-linked securities (ILS) market on behalf of end-client pension PFZW, has issued a call for ILS fund managers to provide more data and transparency.

Today, we have added four more expert speakers from across the industry for our upcoming catastrophe bond and insurance-linked securities (ILS) market conference in Singapore, ILS Asia 2024, which takes place on July 11th at the Suntec Convention Centre.

At the end of May, the overall yield of the catastrophe bond market had reached 13.54%, its highest level since September, with the driver of this being the spread widening seen in the market, as cat bond risk spreads rose by 13% in the last month alone.

Global reinsurance giant Swiss Re has called for an industry focus on the issue of loss creep after natural catastrophe events in Europe, saying it is an “industry-wide phenomenon”, that shows the need for more up-to-date insured values to be used and for better information flow along the market chain.