Insurance linked securities news, ILS news

We often discuss the investing fire-power that insurance and reinsurance deals bring to major players, such as Warren Buffett’s Berkshire Hathaway. But, perhaps the real lead example of insurance related investment float accumulation is Apollo Global Management, Inc.

Markel Corporation is expecting to settle the binding arbitration case between it and the former Markel CATCo CEO Tony Belisle during the third-quarter of the year, putting another piece of the legal saga behind it.

RSA Group, the UK based insurance group, has warned reinsurers signed up to its Group Volatility Cover (GVC) and catastrophe reinsurance that it hopes to be able to pass on Covid-19 pandemic related losses, above certain levels, to each of those programs.

RenaissanceRe, the Bermuda headquartered specialty re/insurer and third-party reinsurance capital manager, has had continued success in raising new funds for its collateralised reinsurance and retrocession focused Upsilon ILS strategy in the first-half of the year.

Markel Corporation hopes to see fresh inflows coming into its insurance-linked securities (ILS) business in the second-half of 2020, as the capital markets become less volatile and investor confidence recovers, according to Co-CEO Richie Whitt.

A handful of insurance-linked securities (ILS) funds invested into collateralised reinsurance positions have experienced some further adverse development related to 2019’s Japanese typhoon Hagibis in June, we understand.

Bermudian specialist insurance and reinsurance firm AXIS Capital has reported another year-on-year decline in the level of fee income earned through the use of third-party and insurance-linked securities (ILS) capital within its business for the second-quarter of 2020.

Nephila Capital, the largest dedicated insurance-linked securities (ILS) investment manager in the industry, has continued to drive rising ILS related revenues for parent Markel Corporation in the second-quarter, but its assets under management declined further, ending June at $9.5 billion.

RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, has raised an additional $250 million of capital from third-party investors for some of its ILS and joint-venture vehicles in the second-quarter of 2020, with the growing capital under management now driving increased fee income.

There’s a very real and vast opportunity for sustained insurance sector growth across emerging Asia over the next decade, and insurance-linked securities (ILS) capacity will be required, according to executives at Hong Kong domiciled reinsurance company Peak Re.