investment fund

UK local authority pension fund manager the London Pensions Fund Authority (LPFA) made an investment of around £51 million in two of the reinsurance linked investment funds managed by Bermuda-based specialist Aeolus Capital Management Ltd.

The average return of insurance-linked securities (ILS) and reinsurance linked investment funds in June 2017 was 0.4%, slightly below the long-term average of 0.45%, as some minor impacts were felt from severe weather events once again.

Sompo (previously Endurance) owned reinsurance and insurance-linked securities (ILS) investment manager Blue Capital Management is to continue redeeming shares from investors, as a way to provide its third-party investors with guaranteed liquidity opportunities.

Insurance-linked securities (ILS), catastrophe bond and reinsurance linked investment specialist Fermat Capital Management, LLC has completed a €10 million private subordinated debt placement for Danish non-life insurer Gefion Insurance A/S.

Generally, insurance-linked investment fund managers have moved up a ranking of alternative asset managers over the last year, as their assets under management increased propelling them upwards. But the potential for ongoing growth is clear, as ILS only makes up 0.6% of the surveyed asset base.

Bermudian insurance and reinsurance specialist AXIS Capital Holdings announced late yesterday that it is acquiring London and Lloyd’s specialty market player Novae Group for $604 million, in a deal that will help the firm broaden its activities with third-party capital providers.

Once again, slight impacts were reported for some ILS funds in May 2017 due to U.S. severe thunderstorm activity, as the average returns of the insurance-linked securities (ILS), pure catastrophe bond and reinsurance-linked investment fund sector came in at 0.19% for the month.

The returns of insurance-linked securities (ILS), pure catastrophe bond and reinsurance-linked investment funds were knocked by severe thunderstorm activity across the United States in April, resulting in a below-average for the month 0.15% return.

Insurance and reinsurance investment specialist Hudson Structured Capital Management has acted as a lead investor in the recently completed $45.5 million private debt transaction issued for Catalina General Insurance Ltd., a subsidiary of Catalina Holdings (Bermuda) Ltd.

London-based re/insurer Novae Group plc has continued to experience strong growth in excess & surplus lines property insurance, supported by third-party capital delivered through special purpose Lloyd’s of London syndicate 6129, which it launched in partnership with ILS investment manager Securis Investment Partners.