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New Mexico state pension adds $25m to ILS Capital allocation: Report

The New Mexico Educational Retirement Board, a near $13.5 billion pension fund for the state of New Mexico’s education sector employees, is reported to have allocated an additional $25 million to insurance-linked securities (ILS) fund manager ILS Capital Management. The New Mexico Educational Retirement Board already had a roughly $125 million read the full article →

ILS Capital Management says market delivering higher returns in 2020

Demonstrating the robust returns possible in the insurance-linked securities (ILS) market currently, through allocations to diversified reinsurance portfolios, Bermuda headquartered ILS fund and investment manager ILS Capital Management said its investors stand to earn higher returns this year. With reinsurance and retrocession rates firming rapidly through 2020, beginning at the key read the full article →

Aeolus hires Jagoda from Elementum as Partner and Portfolio Manager

Aeolus Capital Management Ltd., the Bermuda based reinsurance and insurance-linked securities (ILS) focused investment fund manager, has announced another new hire, with Nicholas Jagoda from Elementum Advisors set to join the firm. Jagoda will take on a Partner and Portfolio Manager role at Aeolus after fulfilling his obligations with ILS investment read the full article →

Insurance debt remains attractive, refinancing need drives opportunity

The debt issuances of insurance and reinsurance carriers remain an attractive option for investors even under the shadow of the Covid-19 pandemic and there could be more opportunity to come. Insurance and reinsurance company debt issues, private or otherwise, remain an asset that certain insurance-linked securities (ILS) fund managers allocate capital read the full article →

KKR’s acquisition of Global Atlantic shows PE’s attraction to float & sidecars

Private equity and alternative investment giants of the world are increasingly demonstrating why access to insurance premium float, as a form of assets under management, is an attractive prospect, with KKR's acquisition of Global Atlantic the latest clear example. It also shows their appreciation for bringing third-party capital into re/insurance. As read the full article →

ACRA sidecar fees rise for Athene, but it’s all about the premium float

In the last quarter, Athene Holding Ltd., the life and retirement reinsurance company majority owned by investor and private equity specialist Apollo Global, earned an increased level of management fees from its Athene Co-Invest Reinsurance Affiliate (ACRA) sidecar vehicle. Before getting too ahead of ourselves with excitement of how this recently read the full article →

Bermuda private fund assets & registrations rise in Q1 2020

Bermuda continued to see an increase in assets under management of investment funds located in the domicile in the first-quarter of 2020, while the number of private fund structures, a popular one in the insurance-linked securities (ILS) space, continued to grow. The quarter was just when the global Covid-19 pandemic was read the full article →

Apollo hits record $414bn AuM thanks to insurance deals & ACRA

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. Apollo has hit a new high of $414 billion of assets under its read the full article →

Cohen & Co. raises €375m for insurance debt investments

Fixed income financial services investment specialist Cohen & Company, LLC has raised €375 million for new investment funds focused on provision of subordinated debt to the insurance and reinsurance sector in Europe. Cohen & Company has been investing in subordinated insurance debt over recent years, as part of its growing practice read the full article →

Aeolus appoints Aditya Dutt as President

Aditya Dutt, the leader of RenaissanceRe's insurance-linked securities (ILS) and third-party capital management businesses, is set to take on the role of Partner and President of Bermuda-based reinsurance and ILS focused investment fund manager, Aeolus Capital Management Ltd. As we wrote last week, it was announced that Dutt would be leaving read the full article →