Insurance-linked investments

It appears that, in aggregate, creditors to the bankruptcy of forged reinsurance letter of credit (LOC) linked insurtech Vesttoo have filed over $4.8 billion in claims against the company and its entities, which provides another signal of the ramifications of and amount of value the market feels has been lost due to the fraud.

While the insurance-linked securities (ILS) sector has strengthened its governance practices considerably in recent years, when it comes to environmental, social and governance (ESG) considerations, ILS manager selection really matters, as there is variation in how ESG has been adopted and practices are followed, according to Frontier Advisors.

Helios Underwriting PLC (Helios), the AIM listed Lloyd’s focused insurance and reinsurance investment company, has increased its forecast for capacity for 2024 to £501 million, helped by its recently announced third-party capital arrangement which its CEO terms a sidecar for the company.

At a time when assets under management (AUM) have been climbing across alternative investment strategies and investors are carefully assessing their allocations and attracted to diversifying assets, the insurance-linked securities (ILS) niche has come out as top performer of the hedge fund world, Preqin has said.

R&Q Insurance Holdings Ltd., the specialty player that is planning a return to its original legacy insurance and reinsurance focus by selling its program business unit Accredited, has again spotlighted the importance of its legacy sidecar Gibson Re to the new strategic plan, but noted that access to third-party capital is critical.

As we reported recently, US headquartered insurance holding company W. R. Berkley Corporation has continued to expand its Lifson Re collateralized reinsurance sidecar vehicle, which has been a key lever for the firm’s growth into property catastrophe risks at an attractive time in the cycle.

This video features a fascinating panel discussion on developments in cyber catastrophe bonds from our Artemis London 2023 catastrophe bond and insurance-linked securities (ILS) conference, that was held in London on September 5th 2023.

Global reinsurer Hannover Re is clearly expecting the benefits of the hard market environment to earn through in 2024, as it targets a 24% increase in net income next year, while key among strategic drivers for its new corporate plan for years 2024 through 2026 are the use of retrocession and ILS to expand its […]

The government of Korea has been urged to implement and adopt an insurance-linked securities (ILS) regulatory framework to enhance its domestic insurance marketplace and enable access to the capital markets for additional risk capital and reinsurance.

The Plenum Investments Index that tracks the returns of catastrophe bond funds in the UCITS format has now reached over 16% for the last 12-months, while the year-to-date return has now reached 15.2% for 2023 to the end of November.