investment fund


Armour gets $500m Aquiline-led investment, Validus participates

Bermuda-headquartered P&C legacy and run-off reinsurance specialist, as well as founders of ILS Investment Management (ILSIM), Armour Group has raised a $500 million investment round led by private-equity specialists Aquiline Capital Partners to fund further growth.Armour, which was founded in 2007 by Brad Huntington and John Williams works closely with read the full article →

Credit Suisse and ILSIM raising capital for second ILS P&C run-off fund

The Credit Suisse Asset Management (CSAM) insurance-linked strategies team and sub-advisor ILS Investment Management (ILSIM) are in the process of raising a second ILS fund focused on property and casualty run-off opportunities, with filings showing around $282.5 million successfully raised of a targeted maximum of $800 million.The two firms, the read the full article →

Twelve Capital makes equity investment in Heritage

Insurance and reinsurance linked investment specialist Twelve Capital Management has made a significant equity investment in U.S. primary property and casualty insurance group Heritage Insurance Holdings, Inc.According to an SEC filing, Twelve Capital made an investment in Heritage amounting to 1,461,083 of shares, or just over 5% of the outstanding read the full article →

ILS market falls to -0.34% August loss on hurricane Harvey

As we said should be expected last week, the insurance-linked securities (ILS) and collateralized reinsurance investment fund market has fallen to an August loss due to the impact of hurricane Harvey, with the average return across 34 tracked ILS funds coming out at -0.34% for the month.It's the single worst read the full article →

Blue Capital halts ILS fund buy-backs as hurricane Irma approaches

Reinsurance and insurance-linked securities (ILS) investment manager Blue Capital Management said today that it is suspending its share repurchase programme for the listed Blue Capital Alternative Income Fund (formerly known as the Blue Capital Global Reinsurance Fund), as it waits to see if there will be any impact from Hurricane read the full article →

Blue Capital ILS fund on target in first-half, monitoring Harvey

Reinsurance and insurance-linked securities (ILS) investment manager Blue Capital Management reported on target returns for its listed ILS fund strategy in the first-half of 2017, but noted that it is now monitoring the impacts of hurricane Harvey closely to identify any threat to the fund's investment positions.The Sompo (previously Endurance) read the full article →

ILS funds return 0.57% in July, but U.S. storms erode some deductibles

The average return of insurance-linked securities (ILS) and reinsurance linked investment funds reached 0.57% in July 2017, as seasonal effects began to boost the return of the ILS investment market, despite some further erosion of private ILS contract deductibles from U.S. severe thunderstorms.Throughout much of 2017 so far, severe thunderstorms read the full article →

Novae continues to expand E&S, supported by Securis’ ILS capacity

London and Lloyd’s specialty market insurance and reinsurance player Novae Group has continued to expand its excess & surplus lines property insurance in the first-half of this year, assisted by the provision of capacity from ILS investment manager Securis Investment Partners.Novae is of course now going through the process of read the full article →

Aeolus gains £51m investment from London Pensions Fund Authority

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 investment was made in the calendar year ending March 31st 2017, according to the latest read the full article →

Some weather impact but average ILS fund return is 0.4% in June 2017

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.The average yield year to date across the group of 34 ILS investment funds tracked read the full article →