Insurance linked securities news, ILS news

Articles discussing insurance linked securities (ILS), ILS fund managers, insurance-linked securities funds, insurance-linked security transactions such as catastrophe bonds, and other reinsurance linked investment initiatives.

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Visualising higher catastrophe bond pricing, multiples & spreads

In recent months, if you're interested in insurance-linked securities (ILS) or active in the ILS marketplace, you could not have missed the widely discussed issues of spread widening seen in catastrophe bonds, or the hardening of reinsurance pricing and how that spills over to ILS rates and returns. Cat bond spreads read the full article →

Demex launches parametric snow covers, backed by Nephila & reinsurers

The Demex Group, a climate risk focused insurtech that aims to deliver climate-resilience through financial risk solutions on a global scale, has launched new parametric snow insurance covers that are financially supported through derivatives agreements with ILS fund manager Nephila Capital, as well as new reinsurance agreements. Demex has previously cited read the full article →

Kelvin Re kept under review by AM Best after Cowen acquisition

Having been acquired by New York headquartered financial services group Cowen, the Guernsey based, previously Credit Suisse Insurance Linked Strategies supported reinsurance company Kelvin Re Limited remains under review, from a ratings perspective, given uncertainty related to its parent and the eventual strategy it will take. This is according to rating read the full article →

Artemis London: Speakers from Bank of England, Danish Red Cross, RMS, K2 Advisors, GC Securities

Tickets are still on-sale for Artemis London 2022, our first insurance-linked securities (ILS) market conference held in the UK, which is taking place on September 6th 2022, just before the industry heads to Monaco for the RVS. For our first Artemis London event, we have adopted a dual-themed approach to meet read the full article →

CATCo funds to benefit from another release of trapped capital

The CATCo retrocessional reinsurance investment portfolio continues to benefit from favourable development on reserves, with the manager expecting yet another release of side pocket investment capital later this year, which it expects to buy back more shares with. In recent months, the CATCo retrocessional reinsurance investment funds have reported multiple cases read the full article →

Florida Citizens surpasses 1 million insurance policies again

Florida's residual market insurer, or insurer of last resort, Citizens Property Insurance Corporation, has now surpassed more than 1 million policies again, the first time it has been at this level of portfolio exposure, in terms of policy count, since 2013. In fact, it seems Florida Citizens run-rate of policy assumption read the full article →

Private ILS funds deliver average returns for H1 despite Ukraine & loss creep

The first-half of 2022 saw private insurance-linked securities (ILS) funds, so those allocating to collateralised reinsurance, retrocession and other ILS assets, as well as catastrophe bonds, deliver an average performance, in terms of returns to their investors. Over the first-half, private ILS funds tracked by ILS Advisers as part of its read the full article →

Transverse acquisition by Mitsui Sumitomo Insurance confirmed

The rumoured acquisition of hybrid P&C program, fronting and risk transformation company Transverse Insurance Group by MS&AD Holdings, through its Mitsui Sumitomo Insurance unit has now been confirmed, as the firms made a joint announcement this morning. The news was reported at the weekend by our sister publication Reinsurance News, with read the full article →

Relative performance drove Hiscox ILS fundraising success: CEO Hussain

The relative performance of Hiscox's insurance-linked securities (ILS) funds drove investor interest in deploying more capital to them, leading to the significant fundraising success reported recently, Hiscox Group CEO Aki Hussain explained. As we reported last week, Hiscox ILS, the insurance-linked securities (ILS) and collateralised reinsurance underwriting and investment management unit read the full article →

AlphaCat’s third-party AuM dips $400m in second-quarter

AlphaCat Managers, the insurance-linked securities (ILS) and collateralized reinsurance investment manager entity owned by insurance giant American International Group (AIG), experienced outflows during the second-quarter, as its overall assets under management fell. When we last reported on AlphaCat Managers, the ILS fund strategies it operates had just experienced two consecutive quarters read the full article →