Insurance linked securities news, ILS news

Hamilton, the Bermuda based insurance and reinsurance holding company, is entering the catastrophe bond market for its first full, syndicated Rule 144a transaction and Singapore is to be the domicile of choice, after the company registered Easton Re Pte. Ltd.  as an issuer.

AXA XL, the commercial property & casualty insurance and reinsurance arm of the AXA Group, is targeting a reduction in its natural catastrophe exposure over the coming years, as it looks to bring its business results to a sustainable and profitable level.

ARX Holding, the Progressive-owned parent of American Strategic Insurance Group, has returned to the catastrophe bond market for the second time this year, to sponsor a $100 million or greater sized Bonanza Re Ltd. (Series 2020-2)  issuance.

Hudson Structured Capital Management, the investment manager with a reinsurance and insurance-linked securities (ILS) focus, has exited one of its legacy, or run-off sector investments, as specialist Compre has been acquired by private equity firm Cinven and pension benefits investment manager the British Columbia Investment Management Corporation (BCI), providing an exit opportunity.

Global reinsurance firm Swiss Re continues to demonstrate its growing commitment to third-party sources of capital and insurance-linked securities (ILS), announcing this morning that it is launching a dedicated ILS fund, the Core Nat Cat Fund, so investors can participate in its natural catastrophe underwriting business.

A general shift in favour of per-occurrence structures has helped to insulate insurance-linked securities (ILS) portfolios against some of the impacts of the record-setting 2020 Atlantic hurricane season Fabrice Rossary, the Chief Investment Officer of SCOR Investment Partners, has said.

We’ve developed a new chart with which you can analyse catastrophe bond and related insurance-linked securities (ILS) issuance by type of transaction and year. We hope you find it a useful new feature.

Here are the ten most popular news articles, week ending 29th November 2020, 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.

Some insurance-linked securities (ILS) funds that invest in collateralised reinsurance contracts have been setting reserves for potential exposure to business interruption losses due to the COVID-19 pandemic in a handful of the major European catastrophe reinsurance programs, we understand.

The insurance-linked securities (ILS) market is expected to continue to experience an upward trajectory next year, with growth in ILS allocations expected in 2021, according to investment manager Twelve Capital.