Insurance-linked investments

According to James Squires, Head of Multi Asset and Partner at Baillie Gifford, the risk-based premium structure of insurance-linked securities encourages important mitigation and resilience measures by communities, governments, and insurance providers.

Reflecting the last few year’s recovery of value story in the Markel CATCo retrocessional reinsurance investment portfolio, the London listed fund entity is now set to buy-back the majority of its shares at a much higher net asset value than had previously been achieved in earlier share redemptions.

Kathleen Faries, CEO of Artex Capital Solutions, has noted that as the insurance-linked securities (ILS) market nears 2025, headline challenges include upholding underwriting discipline, securing long-term profitability, and applying lessons from the past with careful capital management to bolster investor confidence.

Indicative of a broader and still developing trend we’ve been covering in recent years, of multi-asset managers adding catastrophe bonds and other insurance-linked securities (ILS) as eligible assets within prospectuses, KKR and Capital Group have begun marketing a pair of 40’s Act interval style mutual funds with ILS part of their remit.

Following the recent departure of long-standing senior insurance-linked securities (ILS) employee Daniel Ineichen, Schroders Capital has promoted another key executive, Flavio Matter, to the position of Head of ILS.

MultiStrat, the specialist underwriter, reinsurance investment facilitator and casualty insurance-linked securities (ILS) company, has announced that Jim Robinson, Chief Executive Officer of MultiStrat Advisors, is set to retire from the company.

High-net-worth investors want to deploy more capital to alternative asset classes, while they also desire a greater variety of alternative investment products as well, believing that adding alternatives to their portfolios can drive stronger long-term outcomes, data from Brookfield Oaktree Wealth Solutions suggests.

Hiscox is expecting property catastrophe reinsurance to remain a “very attractive” market in 2025, according to group CFO Paul Cooper, who speaking this morning said the firm expects to continue incrementally deploying capital to that space.

Hiscox ILS, the dedicated insurance-linked securities (ILS) management arm of the global re/insurer, saw its ILS assets under management (AUM) recover back to $1.5 billion in the third-quarter of the year and the company is seeing growing interest from investors.

Global insurance and reinsurance group Everest has reported significantly increased cessions from its property catastrophe line of business to cells of Mt. Logan Re Ltd., the main underwriting vehicle of its Mt. Logan Capital Management, Ltd. (MLCM) third-party capital management business.