Insurance-linked investments

The insurance-linked securities (ILS) market currently represents one of the most attractive markets in which to invest since the ILS market came into being, according to Doug Abbott, Head of UK Intermediary at Schroders.

Analysis undertaken by ALIRT Insurance Research shows that almost 20% of the total letter of credit (LOC) collateral used by a group of US fronting carriers appears likely to have been sourced via Vesttoo and provided by the bank at the heart of the fraud allegations, China Construction Bank (CCB).

This video features another session of the day at our Artemis ILS Asia 2023 conference, held in Singapore on July 13th 2023, a keynote speech by Yusuke Kikuchi, Managing Director at Aon Securities (Japan) on catastrophe bond and insurance-linked securities (ILS) activity in the Asia Pacific region.

Catastrophe bond funds in the UCITS format delivered an average return of 11.81% across the group according to the Plenum CAT Bond UCITS Fund Indices, with a number of factors continuing to drive returns towards record annual levels.

MGIC Investment Corporation has returned to the capital markets to seek its first issuance of mortgage insurance-linked notes in more than one year, targeting $290 million or more in mortgage reinsurance from this Home Re 2023-1 Ltd. mortgage insurance-linked securities (ILS) transaction.

The Insurance Open Protocol reporting template and associated manual for insurance-linked securities (ILS) and reinsurance linked investment funds have been updated by the Standards Board for Alternative Investments (SBAI) in consultation with participating ILS managers, investors and interested parties.

Catastrophe bond funds in the UCITS format experienced some outflows in the third-quarter of the year, with their combined assets under management falling by 4% to just over $9.95 billion in the period.

Hudson Structured Capital Management Ltd., the reinsurance asset manager that does its investment business as HSCM Bermuda, has announced a raft of promotions across the business within its senior team.

Radian Guaranty, the US mortgage insurance arm of the Radian Group, has now successfully secured $353 million of fresh reinsurance protection from the capital markets through the issuance of Eagle Re 2023-1 Ltd. mortgage insurance-linked securities (ILS), its first mortgage insurance-linked notes since 2021.

With the focus of ILS managers now shifting towards the all-important end of year reinsurance renewals, Stephan Ruoff, Global Head of Schroders Capital ILS, explained to us that insurance-linked securities (ILS) portfolio construction and positioning are a key focus at his firm.