Insurance-linked investments

The current re/insurance market dislocation provides a unique opportunity for the insurance-linked securities (ILS) space to influence the development of a more sustainable industry for the benefit of all parties, according to Kathleen Faries, Chief Executive Officer (CEO), Artex Capital Solutions.

Alternatives and re/insurance focused investment firm Vida Capital has been rebranded as Obra Capital and has added a new strategy of relevance to our readers, called Insurance Special Situations investing and it includes a specialty reinsurance focus.

Accelerant, the insurtech that helps members exchange and transfer risk more effectively, while also connecting them with long-term capital, has hired experienced insurance-linked securities (ILS) industry executive Tim Tetlow as the CEO of its Cayman Islands based reinsurer, Accelerant Re (Cayman) Ltd.

Amundi Asset Management US, Inc. (Amundi US) is in the process of marketing and launching its first pure catastrophe bond mutual fund strategy, which is another signal of just how attractive the cat bond investment market is right now.

In the last week of available data, it was lower-risk cohort of UCITS catastrophe bond funds, as measured by the Plenum CAT Bond UCITS Fund Indices, that performed better, with a small positive gain at a time when other funds are still feeling the effects of widening spreads.

Global insurance and reinsurance broker and advisory Aon has made a number of senior changes within the leadership for its White Rock transformer, fronting and insurance management vehicle.

The Arkansas Teacher Retirement System, a state pension fund that provides retirement solutions to Arkansas education professionals, saw its insurance-linked securities (ILS) allocation shrink further in the last year, while the impacts of hurricane Ian also appear evident in the performance of its ILS portfolio.

From January 1st 2023, specialty insurance and reinsurance underwriter Beazley’s Smart Tracker special purpose arrangement (SPA) syndicate 5623 will now become a full market-facing syndicate at Lloyd’s.

Catastrophe bond funds, as measured by the Plenum CAT Bond UCITS Fund Indices, lost ground for the first week since mid-October as the effects of continuing spread widening and the resulting price adjustments dented performance a little.

London headquartered insurance and reinsurance marketplace Lloyd’s has hired Adrian Gfeller, the former Managing Director of ILS fund backed syndicate Arcus 1856, as a Senior Manager in its Portfolio Analytics function.