investment fund

Insurance and reinsurance linked investment management firm Twelve Capital has acted as the lead investor in a $45.5 million private debt arrangement for Catalina General Insurance Ltd., a subsidiary of Catalina Holdings (Bermuda) Ltd.

Insurance-linked securities (ILS), pure catastrophe bond and reinsurance-linked investment funds reported an above average return of 0.23% for March 2017, thanks to global catastrophe events having little immediate impact on ILS funds, although a number of ILS managers are monitoring the developing cyclone Debbie market loss.

The average return across a group of 34 insurance-linked securities (ILS), pure catastrophe bond and reinsurance-linked investment funds came in at a below average 0.32% for February 2017, with some prior month loss reserve adjustments perhaps impacting performance.

The Blue Capital Global Reinsurance Fund, the London and Bermuda stock exchange listed reinsurance linked investment fund managed by the Endurance owned Blue Capital Management, has announced it is to redeem almost $13.14 million of shares from its investors.

Allied World Assurance Company’s (AWAC) relationship with Aeolus Capital Management Ltd. helped the firm offset a decline in operational cash flows in 2016; with distributions from Aeolus increasing to $406 million while the re/insurer’s commitment to the partnership remained relatively flat.

Announcing its results today, Novae Group plc explains that its special purpose Lloyd’s of London syndicate 6129, which it launched in partnership with ILS investment manager Securis Investment Partners, has driven significant growth.

The average return across a group of 34 insurance-linked securities (ILS), pure catastrophe bond and reinsurance-linked investment funds was 0.36% in January 2017, which is a significant uplift on the previous years 0.21%.

Major investment manager Aberdeen Asset Management has increased its stake in the listed reinsurance and insurance linked securities (ILS) investment fund, the Blue Capital Global Reinsurance Fund, to over 5% with the acquisition of almost 2 million more shares.

The Blue Capital Global Reinsurance Fund has revealed more stable reinsurance pricing despite continued market pressures in their January renewals as the company reported on its underwritten portfolio for 2017.

A number of insurance-linked securities (ILS) and reinsurance linked investment funds ended 2016 with some loss reserve adjustments in December, ending a year that saw a frequent number of events impact the ILS market. We take a look at some of the events that threatened ILS fund losses in 2016.