Insurance linked securities news, ILS news

Currently, the insurance-linked securities (ILS) and broader reinsurance market environment provides long-term investors with a good entry point into the catastrophe bond market, according to Florian Steiger, a portfolio manager at Twelve Capital.

Here are the ten most popular news articles, week ending 12th May 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.

Investors of the world are increasingly expecting a widespread downturn in the equity markets, leading to search for new sources of alternative return, particularly asset classes that are less correlated with broader financial trends, says Preqin.

We’re excited to reveal the third wave of speakers who will be joining us at ILS Asia 2019, our fourth conference held in Singapore. The last batch of Early Bird tickets are available now for this insurance-linked securities (ILS) conference.

While Allstate increased the amount of limit in its reinsurance program during the first few months of 2019, pricing pressure was felt but it was not material, according to Allstate’s CFO.

The Bermuda Stock Exchange (BSX), which houses the majority of the world’s outstanding catastrophe bond market as listings on its exchange, is pushing the insurance-linked securities (ILS) asset class as an investment with Environmental, Social and Governance (ESG) qualities.

Florida headquartered primary insurer American Integrity Insurance Company of Florida, Inc. is back to sponsor its third catastrophe bond transaction with a currently $75 million Integrity Re Ltd. (Series 2019-1) transaction.

The World Bank’s Pandemic Emergency Financing Facility (PEF) has disbursed another $10 million from its cash window to aid the Democratic Republic of Congo (DRC) Ebola outbreak response.

The latest catastrophe bond to be sponsored by United Insurance Holdings (UPC Insurance) has halved in size, we’re told, as pricing expectations moved to the top-end of expectation, leading to a tranche being pulled and the insurer likely opting to place the remainder of the cat bond in another form.

Allianz Global Corporate & Specialty (AGCS) has announced that current head of Alternative Risk Transfer (ART), Regional Unit London (RUL), Grant Maxwell, has moved to the newly created role of Head of Underwriting and Portfolio Management.