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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Lloyd’s ILS platform to reduce frictional cost of investor access: Clifford Chance

London Bridge Risk PCC Limited, the newly established insurance-linked securities (ILS) vehicle sponsored by Lloyd's, will "reduce the frictional costs and time" required for ILS investors to access the returns of the insurance and reinsurance market, law firm Clifford Chance has said. London Bridge Risk PCC Limited, is a newly established read the full article →

Brazil’s regulator targeting ILS for the right (domestic) reasons

With Brazil's government having recently formalised and published legislation related to special purpose reinsurance transformer vehicles and insurance-linked securities (ILS) issuance, the country's insurance regulator Susep has said it hopes the regime will reduce reinsurance costs for carriers. As a result of which, Brazil’s regulator the Superintendência de Seguros Privados (Susep) hopes read the full article →

Hiscox lifts pandemic BI estimate by $48m net of reinsurance after Court decision

Hiscox Group, the insurance, reinsurance and third-party capital backed underwriter headquartered in Bermuda, is again the first to release a statement following this morning's announcement that the UK Supreme Court found largely in favour of insurance policyholders in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case appeals. Hiscox has read the full article →

UK court substantially upholds pandemic business interruption judgement

The UK Supreme Court has found largely in favour of insurance policyholders in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case appeals. This judgement means some insurance firms will end up on the hook for many more business interruption claims from the COVID-19 pandemic than they had been hoping read the full article →

Business interruption test case, COVID wave lockdowns & reinsurance exposure

Reinsurance and also retrocessional exposure to the COVID-19 pandemic may rise if the final judgement in the UK Financial Conduct Authority’s (FCA)’s business interruption insurance test case goes against the industry. But that's not the only current threat, we understand, as new waves from the pandemic are also likely to test read the full article →

Catastrophe bonds “gained in importance” in 2020, says Fitch

Catastrophe bonds became more important for the reinsurance market in 2020, as the record year of issuance saw use of the cat bond as a reinsurance or retrocession risk transfer tool increase, Fitch Ratings has said. While alternative capital levels remained relatively flat overall through 2020 it seems, the catastrophe bond read the full article →

Elementum launches higher risk ILS strategy with investor mandate

Elementum Advisors, LLC, the insurance-linked securities (ILS) fund management and collateralised reinsurance underwriter, has announced the launch of a new higher risk investment strategy that will have a retrocession focus. Elementum Advisors said today that it has launched the new mandate with backing from a large institutional investor focused on collateralized read the full article →

Lloyd’s must “learn how to walk” before expanding ILS activities: CFO Keese

For Lloyd's, it's important to "learn how to walk" first, as it gets up to speed with the new route for channelling investor funds to members of the market through its now approved multi-arrangement UK Insurance Special Purpose Vehicle (iSPV) before thinking about expanding the structures remit, according to CFO read the full article →

Lloyd’s vehicle “reaffirms ILS potential of the London Market” – Perez, Horseshoe

The approval and launch of Lloyd's of London's first insurance-linked securities (ILS) structure under the UK ILS regulations that came into force in late 2017 "reaffirms the ILS potential of the London Market", according to Horseshoe CEO Andre Perez. Horseshoe, the Bermuda-headquartered insurance or reinsurance management, fund administration and insurance-linked securities read the full article →

Lloyd’s ILS vehicle London Bridge Risk PCC approved for use

Lloyd's has this morning announced that it has finally received all necessary approvals from regulators to set up its new multi Insurance Special Purpose Vehicle (mISPV), which is named London Bridge Risk PCC Ltd. The application for the registration of the UK domiciled mISPV structure, a protected cell company allowing for read the full article →