Insurance-linked investments

International banking, securities and investments group Citi has hired an experienced insurance-linked securities (ILS) and structured reinsurance expert in Philippe Kremer, who joined the firm from his most recent role at Swiss Re.

There is now only one month left until our next insurance-linked securities (ILS) conference in Singapore. ILS Asia 2019 is being held in Singapore on July 11th, so there isn’t long to secure your ticket before they sell out. Here are some details of who you can expect to meet at the event.

GAM Holdings, the independent asset management group, said this morning that it continues to see positive flows into its ILS funds from Australia, which is one driver for hiring a new director for institutional business in the country.

Athene Holding Ltd., the life and retirement reinsurance firm that is majority owned by Apollo, has priced a $750 million issuance of preferred shares, the proceeds of which are set to partially fund deal commitments to its new Athene Co-Invest Reinsurance Affiliate (ACRA) vehicle.

White Mountains Insurance Group has revealed the cost of its investment into insurance and reinsurance linked asset manager Elementum Advisors, LLC, saying that the 30% stake was purchased for $55 million.

We’re delighted to announce that the Monetary Authority of Singapore (MAS), the central bank and financial regulator, is joining us and a representative is making a keynote speech at our upcoming ILS Asia 2019 conference in Singapore this July.

Loss creep primarily from typhoon Jebi has dragged the average performance of catastrophe bond, insurance-linked securities (ILS) and reinsurance linked investment funds down to a disappointing -0.70% for the month of April 2019.

Access to insurance-linked securities (ILS) capacity (the capital markets) is a requirement for insurance and reinsurance firms to remain competitive, with the range of strategies for how to bring more efficient capital within an underwriting business expanding fast.

White Mountains Insurance Group, Ltd. has finally confirmed that it has acquired a minority stake in Elementum Advisors, LLC, an insurance and reinsurance linked asset manager with over $4 billion of assets under management.

Markel CATCo Investment Management has increased its specific loss reserves for catastrophe events from both 2017 and 2018 again, further denting the net asset values of the shares of its CATCo Reinsurance Opportunities Fund.