Insurance linked securities news, ILS news

Vida Capital, Inc., the alternative investment manager with a life settlement and insurance-linked securities (ILS) focus, has announced the appointment of a new President and CEO in Blair Wallace.

Hudson Structured Capital Management (HSCM), the reinsurance, insurtech, insurance-linked securities (ILS) and transportation focused investment manager, has promoted one of its employees, Charlotte Kerr, to the position of Head of Valuations.

The CATCo Reinsurance Opportunities Fund Ltd., the listed, retrocession focused insurance-linked securities (ILS) fund strategy managed by Markel CATCo Investment Management, has again seen its net asset value (NAV) rise after another reduction in catastrophe loss reserves, this time from the 2018 California wildfires.

Pension Insurance Corporation plc (PIC) announced just now that it intends to try and put together an investor group to challenge retrocessional reinsurance investment manager Markel CATCo’s proposed buyout scheme, saying that it believes it will “drastically undervalue the interests of investors.”

A new study of institutional investors from around the world by global asset management group Schroders has found that 10% of respondents plan to increase their allocations to insurance-linked securities (ILS) over the next year.

Eclipse Re Ltd., the Horseshoe managed private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform, has issued four new tranches of cat bond notes, totalling roughly $45.2 million, with the four tranches potentially part of the same reinsurance or retrocession program arrangements.

In the last quarter of record, the dedicated insurance-linked securities (ILS) mutual investment fund operated by Amundi US Investment Management allocated more of its capital into industry loss warranty (ILW) and reinsurance sidecar investments.

A new insurance-linked securities (ILS) marketplace provider has been registered in Bermuda and has joined the regulatory sandbox of the Bermuda Monetary Authority (BMA), with the Blackbird ILS Marketplace promising to bring securitized cyber and specialty lines business to investors in a fixed income format.

Isosceles Insurance Ltd., the private insurance-linked securities (ILS) and catastrophe bond issuance platform operated by Marsh McLennan and reinsurance broker Guy Carpenter, has completed another transaction, with a $21.5 million Isosceles Insurance Ltd. (Series 2021-H) issued.

U.S. primary mutual insurance company USAA is back in the catastrophe bond market for its regular November issuance of a per-occurrence catastrophe bond, targeting at least $225 million of multi-peril reinsurance protection from this Residential Reinsurance 2021 Limited (Series 2021-2) transaction.