Insurance-linked investments

Twelve Capital, the Zurich headquartered investment manager with a focus on insurance-linked securities (ILS), insurance and reinsurance linked investments, has had its Climate Transition Equity Strategy classified under Article 9 of SFDR.

Catastrophe bond funds, as measured by the Plenum CAT Bond UCITS Fund Indices, continued to recover more of the ground lost since hurricane Ian, gaining 0.40% in the last week.

The insurance-linked securities (ILS) market looks particularly attractive for 2023 on the back of rising premiums and tighter control over terms and structures, leading Michael Stahel of LGT ILS Partners to call the opportunity-set “truly exciting”.

As of the third-quarter of 2022, global reinsurance giant Hannover Re had expanded its activities in the insurance-linked securities (ILS) and collateralised reinsurance space to include more than 1,500 program participations fronted for.

Arbol, a technology-led underwriter of parametric risk transfer, climate and weather insurance or reinsurance business, has hired experienced ILS lawyer Matthew Gabin as its Chief Legal Officer and Deputy Chief Operating Officer.

According to sources in the insurance-linked securities (ILS) investment community, side-pockets being established after hurricane Ian by ILS funds that invest in private deals and collateralized contracts, to segregate potentially loss affected investments, are ranging from as small as 3% to as much as 30% of a strategy.

Hildene Capital Management, LLC, a $12 billion credit focused alternative investment manager, has announced its entry into the life and annuity reinsurance space, with the formation of $1 billion reinsurer Ludlow Re.

Super Early Bird ticket sales for our next insurance-linked securities (ILS) market conference, Artemis ILS NYC 2023, will end on November 25th, after which the price will rise. So please register today to secure your place at the lowest possible cost.

For our latest Artemis Live video interview, we discussed the state of the catastrophe bond market after hurricane Ian and the opportunities now available to investors with Florian Steiger, Head of Cat Bonds at specialist ILS and reinsurance asset manager Twelve Capital.

Catastrophe bond funds, as measured by the Plenum CAT Bond UCITS Fund Indices, have gained another 0.60% on average in the last week, as valuations continue to be adjusted upwards to take account of lower loss expectations for recent hurricane Ian.