Insurance linked securities news, ILS news

Investments with insurance-linked securities (ILS) managers Credit Suisse Insurance-Linked Strategies, Elementum Advisors and Fermat Capital Management all delivered positive returns in 2018, despite catastrophe events.

Indicative pricing for certain types of industry-loss warranty (ILW) backed retrocessional reinsurance protection has been on the rise, with Florida wind and as a result U.S. all natural perils seeing the largest increases of in advance of the mid-year renewals.

Here are the ten most popular news articles, week ending 7th April 2019, 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.

Program and fronting service specialist, Spinnaker Insurance Company, expects further organic growth as it continues to scale its operations with the support of the insurance-linked securities (ILS) space, according to General Counsel, Nicholas Scott and Senior Vice President (SVP), Adam Tyburski.

A new bill proposed in California may cause a restructuring of the financial resources tower of the California Earthquake Authority (CEA), meaning it may purchase roughly $1.3 billion less in reinsurance and catastrophe bond cover next year, but demand is forecast to increase significantly in years to come.

Bermudian reinsurance firm RenaissanceRe has extended the maturity of the remaining $23.3 million of insurance-linked securities (ILS) notes from its Fibonacci Re Ltd. vehicle’s 2017 and 2018 issuances, as loss development continues.

Hamilton Re, the Bermuda-based reinsurance arm of Hamilton Insurance Group, has successfully completed a renewal of its collateralized reinsurance sidecar vehicle Turing Re, capitalising the special purpose insurance vehicle with another $65 million of third-party capital.

New long-range hurricane forecasts from the Colorado State University and Accuweather forecasting teams both suggest a 2019 Atlantic hurricane season with a roughly average level of storm activity is most likely.

The Canada Pension Plan Investment Board (CPPIB), a major institutional investor with $368.5 billion at the end of last year, had put US $1.225 billion to work in reinsurance-linked and ILS strategies during 2018, including some towards back-up coverages following the 2017 catastrophe loss events.

The subject of reforming the Lloyd’s insurance and reinsurance market, including ideas on modernisation, capital, costs and more, is being treated with more urgency than ever before, as its underwriting remains “structurally unprofitable” analysts say.