Insurance-linked investments

The value of insurance-linked securities (ILS) held in the dedicated mutual ILS investment fund operated by Amundi US Investment Management, the Pioneer ILS Interval Fund, has declined by some 15% in the quarter to end of January 2022.

MGIC Investment Corporation is back in the capital markets to secure a fresh source of collateralized reinsurance with its first mortgage insurance-linked securities (ILS) deal of the year, sponsoring a $437 million Home Re 2022-1 Ltd. transaction.

Assets under management (AUM) of the main UCITS catastrophe bond funds as a group increased during the first-quarter of 2022, but perhaps a little surprisingly growth has slowed somewhat, despite new issuance having been buoyant.

ILS fund and reinsurance linked investment manager ILS Capital Management is changing its name to Resolute Global Partners, as it expands its scope of investment to include more insurance and reinsurance related opportunities.

The Fontana Holdings third-party capitalised casualty and specialty reinsurance focused joint venture vehicle launched by Bermudian reinsurer RenaissanceRe will have the flexibility to become market-facing and write business directly for counterparties, it seems.

Fixed income financial services investment specialist Cohen & Company, has made a $45 million debt investment into Brotherhood Mutual Insurance Company through its subsidiary Dekania Capital Management.

The senior leadership of global reinsurance company Swiss Re is bullish that insurance-linked securities (ILS) investor appetite will recover after a recent lull caused by losses and uncertainty, they explained at the firm’s investor day yesterday.

With catastrophe bond spreads having widened in recent weeks due to market dynamics and interest rates forecast to rise, it’s currently possible that a catastrophe bond fund investment could yield as much as 8% to 9% next year.

Vesttoo has added another senior capital markets expert to its growing Advisory Board, recruiting former Credit Suisse advisor Dr. Sanjiv Sobti who has a long history on Wall Street.

Global reinsurance company Swiss Re gave some insights into its growing Alternative Capital Partners business this morning, explaining that the annual fee income earned from alternative reinsurance capital activities and insurance-linked securities (ILS) management is on track for US $100 million.