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.


Vida Capital acquires longevity life settlement asset manager Avmont

Vida Capital, Inc., the alternative investment manager with a life settlement and insurance-linked securities (ILS) focus, has added to its life and longevity asset management scope, with the acquisition of specialist Avmont, LLC. Vida Capital is of course a joint-venture partner in insurance-linked securities (ILS) and collateralised reinsurance asset manager Merion read the full article →

Cat bond rates-on-line accelerate 11% in Q2, hard market entrenched: Lane

Catastrophe bond and insurance-linked security (ILS) rates-on-line continue to accelerate away as the hard market persists, rising another 11% in the second-quarter of 2020, according to the synthetic ILS rate-on-line Index calculated by Lane Financial. Cat bond and ILS rates and pricing continue to sit in what Lane Financial would call read the full article →

First pure wildfire cat bond in two years upsized & priced within guidance

The first California wildfire catastrophe bond transaction to be issued since the severe California season of 2018 has successfully been upsized, with utility Sempra Energy's SD Re Ltd. (Series 2020-1) deal now set for $90 million. Not only has the first pure wildfire cat bond in almost two years increased in read the full article →

PG&E pays $11bn subrogation settlement, joins Wildfire Fund

Pacific Gas and Electricity (PG&E), the wildfire stricken California focused electrical utility operator, has finally made its payments to insurance, reinsurance and other entities holding subrogation claims rights, amounting to an $11 billion settlement. Having now successfully emerged from Chapter 11 bankruptcy and secured financing for its future operations, PG&E has read the full article →

Integral ILS to launch with Lowther & Zeng at helm, AmWINS & TransRe in support

Integral ILS Ltd. has been launched as a new Bermuda based insurance-linked securities fund manager by industry execs Richard Lowther and Lixin Zeng, with ties to global insurance distributor and servicer AmWINS and reinsurance firm TransRe. Integral ILS Ltd. is in the early stages of its development still, but targeting being read the full article →

Amid Covid-19, Guernsey never missed a beat: ILS Insight

In spite of the unprecedented impacts of the Covid-19 pandemic on sectors of all shapes and sizes, when it comes to servicing the insurance-linked securities (ILS) sector during this challenging time, Guernsey did not miss a beat. This is according to Jutta Kath, Head of Transaction Management at Schroder Secquaero, who, read the full article →

ILS funds average 0.12% return in muted May performance

The average return of catastrophe bond and insurance-linked securities (ILS) funds was just 0.12% in May 2020, as muted performance was the order of the day and a number of funds fell to a decline. May 2020 saw the average ILS fund return just 0.12%, according to the Eurekahedge ILS Advisers read the full article →

Covid-19 losses to take years to catch up to industry estimates: Willis Re

Currently, bottom-up Covid-19 pandemic loss announcements from insurance and reinsurance companies stand at only around $6 billion, some way short of the wide ranging $30 billion to $100 billion industry loss estimates and broker Willis Re warns it will likely take years to catch up which has ramifications for the read the full article →

Sempra Energy’s SD Re 2020-1 wildfire cat bond may upsize to $90m

Electrical utility Sempra Energy is seeking to upsize its second catastrophe bond, with the SD Re Ltd. (Series 2020-1) transaction now targeting a $90 million source of California wildfire insurance protection from the capital markets for the company. Sempra Energy returned to the catastrophe bond market in June, with an SD read the full article →

S&P takes Vita Capital VI mortality bond off negative watch as Covid-19 outlook improves

The first catastrophe bond rating action caused by the Covid-19 coronavirus pandemic has now been resolved and reverted, as S&P Global Ratings affirmed Swiss Re’s late 2015 Vita Capital VI Limited (Series 2015-1) transaction and removed it from a negative watch. The mortality catastrophe bond which featured a single $100 million read the full article →