Insurance-linked investments

Artemis has partnered with Computershare to host a live webinar on June 17th 2025, in which our industry expert speakers will discuss conditions in the catastrophe bond and insurance-linked securities (ILS) market at mid-year 2025.

AP2, or Andra AP-fonden, a Swedish state pension fund that is one of the largest in Europe at SEK 459 billion under management, saw its insurance-linked securities (ILS) allocation rise in value to around US $1.1 billion by the end of 2024, with the ILS asset class exceeding its long-term return expectations last year.

Nephila Capital, the specialist insurance-linked securities (ILS) and reinsurance investment manager unit of Markel, has promoted Bermuda-based employee Mark Richardson to the position of Head of Underwriting.

The average return of UCITS catastrophe bond fund strategies was 1.38% for the first-quarter of 2025, according to the Plenum CAT Bond UCITS Fund Indices. But lower-risk cat bond funds led the way by averaging 1.50% for the period as a group, as they generally had less exposure to the California wildfire cat bond mark-downs.

The City of Zurich Pension Fund has continued to expand its activities as an investor in insurance-linked securities (ILS), growing the size of its investment to now in excess of US $1.15 billion, while adding new allocations to ILS managers Integral ILS and Tangency Capital in the last year.

RenaissanceRe’s key position in third-party capital management and property-catastrophe reinsurance has cemented its competitive edge, according to S&P Global Ratings, which has revised the outlook on the Bermuda-based reinsurer and its subsidiaries to positive from stable.

Amid a range of promotions, Hudson Structured Capital Management Ltd. (HSCM), the reinsurance, insurtech, insurance-linked securities (ILS) and transportation focused investment manager, has announced that Gokul Sudarsana has been promoted to become a Partner at the firm.

Tangency Capital Ltd., an investment manager in the insurance-linked securities (ILS) space with a focus on reinsurance quota share instruments, has expanded its assets under management to $2.3 billion in 2025 and is seeing continued demand from its reinsurer counterparts, according to COO Dominik Hagedorn.

As fear engulfs financial markets across the world in the wake of US tariff announcements and the resulting stock market declines, despite institutions like the Bank of England expressing concern about an awakening of the basis trade and some reports of hedge funds selling assets to pay margin calls, at this time sources say the […]

Catastrophe bond funds in the UCITS format accelerated their growth in the first-quarter of 2025, with cat bond assets under management across the now seventeen UCITS cat bond fund strategies growing 11% to reach a new record-high of just under $15.3 billion.