Insurance-linked investments

Allianz Global Corporate & Specialty (AGCS) has announced that current head of Alternative Risk Transfer (ART), Regional Unit London (RUL), Grant Maxwell, has moved to the newly created role of Head of Underwriting and Portfolio Management.

Athene Holding Ltd., the life and retirement reinsurance firm that is majority owned by Apollo, has raised $1 billion of third-party capital commitments for its new Athene Co-Invest Reinsurance Affiliate (ACRA) vehicle that will enable investors to participate alongside the insurer in private deals.

Arcus Syndicate 1856 at Lloyd’s, which is backed by third-party funds under the management of the Credit Suisse insurance and reinsurance linked investment strategies team, has hired Nick James from Markel to become its underwriting manager for North America property treaty reinsurance.

The industry loss warranty (ILW) market offers an attractive investment opportunity at this point in time, as market dynamics have reduced available capacity, meaning fewer coverage providers exist right now and ILW returns are on the rise.

Bermudian reinsurance firm and third-party ILS capital manager RenaissanceRe has reported that it ceded much of its growth in catastrophe business to its Upsilon vehicle in the first-quarter, while its fee income from third-party capital grew year-on-year.

Continued loss creep suppressed the returns of catastrophe bond, insurance-linked securities (ILS) and reinsurance linked investment funds in March 2019, causing the ILS Advisors Index to fall to a negative -0.12% for the month.

Insurance-linked securities (ILS), reinsurance and transportation investment manager, Hudson Structured Capital Management Ltd., conducting its re/insurance business as HSCM Bermuda, is pleased with the values that are on offer across many different sectors as the market moves through the second-quarter of 2019.

Blue Capital Reinsurance Holdings Ltd., the stock exchange listed, collateralized reinsurer owned by Sompo International Holdings Ltd., has reported improved loss and combined ratios for the first-quarter and confirmed its shift towards a quota share investment strategy.

Markel Corporation is still unsure when it will be able to begin raising new funds for future investment strategies operated by its Markel CATCo asset management unit, according to the firms Co-CEO Richard Whitt III.

Revenues earned through the operations of Nephila Capital added significantly to Markel Corporations income from its insurance-linked securities (ILS) operations during the first-quarter of the year.