Insurance-linked investments

In the last quarter of the record, Amundi Pioneer Investment Management’s dedicated insurance-linked securities (ILS) mutual investment fund strategy shrank further as losses and loss creep continued to dent returns and the value of ILS assets invested in.

U.S. primary insurer Liberty Mutual has completed another transaction using its collateralized reinsurance sidecar vehicle Limestone Re Ltd., with a $240 million issuance featuring listed and privately placed sidecar notes.

AXIS Capital, the global specialist re/insurer headquartered in Bermuda, has added another tranche of notes to its collateralised reinsurance sidecar vehicle Alturas Re Ltd., sponsoring a $39 million issuance, the third from the sidecar for 2019, we can reveal.

We’ve now finalised the full speaker line-up and agenda for our fourth annual insurance-linked securities (ILS) conference in Asia, ILS Asia 2019, held July 11th.

Investing in insurance-linked securities (ILS) and other reinsurance linked assets that are broadly uncorrelated with wider financial markets are gaining in appeal, as alternative asset class allocations grow and a focus on ESG quality assets increases.

Following its successful capital raise, Insurance Acquisition Corp. (NASDAQ: INSUU) is looking to find a model which is angled towards the future and sees interesting possibilities in various types of risk transfer entities, according to John Butler and Amanda Abrams.

The continued loss creep that has affected reinsurance markets this year has hit the listed retrocessional reinsurance investment fund operated by Markel CATCo Investment Management, resulting in a decline of -18% in both share classes of the ILS fund in May.

Public and private market efforts and collaboration to narrow or even close the insurance protection gap need to be accelerated and uptake of risk transfer needs to be extended, according to Chairman of AXA Denis Duverne.

Bermuda based specialist mortgage insurer Essent Guaranty has completed its third mortgage insurance-linked securities (ILS) issuance, with the successful placement and sale of notes for the $333.8 million Radnor Re 2019-2 Ltd. transaction.

Aberdeen Standard Investments intends to persist with insurance-linked securities (ILS) as a core diversifying asset class within its diversified funds despite experiencing losses after the last two years of catastrophe events.