Insurance linked securities news, ILS news

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While catastrophe bond funds might have similar return expectation metrics, the tail-risk inherent in each cat bond fund strategy can “differ tremendously,” depending on the underlying portfolio construction, a new study from Plenum Investments shows.

While the insurance-linked securities (ILS) market is now beginning to see broader growth resuming, with some successful capital raises across private ILS and collateralized reinsurance, the catastrophe bond market is still leading the way as the main source of ILS market growth in 2023, Aon Securities’ latest data shows.

The returns of private ILS funds, so those that invest in privately transacted insurance-linked securities (ILS) including collateralised reinsurance and retrocession, have outpaced pure catastrophe bond funds for the first time this year in May 2023.

The catastrophe bond and related insurance-linked securities (ILS) market saw $7.1 billion of new issuance in the second-quarter of 2023, becoming the biggest single quarter of issuance in the market’s history, Artemis’ latest quarterly report shows.

SCOR Investment Partners has announced the opening of a new subsidiary based in Switzerland to provide closer support to Swiss institutional investor clients and develop new opportunities in the country.

The pricing of recent industry index catastrophe bond issues have been at levels last seen prior to hurricane Ian, leading broker Aon to suggest “a quantifiable return to pre-Ian pricing dynamics” has occurred.

While conditions are attractive for insurance-linked securities (ILS) markets right now and as a result ILS fund returns have been impressive, James Vickers, Chairman International, Reinsurance, at Gallagher Re cautioned that managers must be careful not to raise too much new capital.

Securis Investment Partners, the London-headquartered insurance-linked securities (ILS) investment manager, has entered into a distribution agreement with Swiss private bank Union Bancaire Privée (UBP).

Here are the ten most popular news articles, week ending July 2nd 2023, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.