LGT ILS Partners

Lumen Re, the main Bermuda-domiciled rated reinsurance underwriting vehicle of specialist insurance-linked securities manager LGT ILS Partners, continued to exhibit a lower loss ratio last year according to AM Best, while its latest financial report shows the gross premiums underwritten rose 23% in 2024 to approaching $207 million.

According to a new working paper by catastrophe modelling specialist Reask and specialist insurance-linked securities investment manager LGT ILS Partners, a climate-conditioned Industry Loss Warranty (ILW) strategy can materially outperform traditional static modeling approaches.

Lumen Re, the main reinsurance underwriting entity of LGT ILS Partners, has now successfully priced its debut Photon Re Ltd. (Series 2026-1) catastrophe bond issuance below guidance, securing $175 million in retrocessional protection against losses from North American peak perils, Artemis can report.

Lumen Re, the main reinsurance underwriting entity of LGT ILS Partners, is now aiming to secure up to $200 million in retrocessional protection against losses from North American peak perils with its debut Photon Re Ltd. (Series 2026-1)  catastrophe bond issuance, Artemis has learned.

Lumen Re, the main reinsurance underwriting entity of LGT ILS Partners, is in the catastrophe bond market seeking $125 million in retrocessional protection against losses from North American peak perils with a Photon Re Ltd. (Series 2026-1) issuance, the latest in a series of cat bonds to come from ILS manager linked structures, Artemis has […]

While the property catastrophe reinsurance market entered into a phase of measured softening in the first half of 2025, Klaus Sapelza, CUO of Lumen Re has highlighted how this is not a full pricing reversal, while also stating that maintaining strict selectivity in risks underwritten remains critical in the current environment.

Across the entire roughly $4.49 billion reinsurance risk transfer tower of Florida’s Citizens Property Insurance Corporation the capital markets have taken their largest share proportionally in 2025, with around 87% of the total backed by catastrophe bonds, collateralized reinsurance markets and ILS fund managers.

Lumen Re, the main Bermuda-domiciled rated reinsurance underwriting vehicle of specialist insurance-linked securities manager LGT ILS Partners, has renewed its status as a reciprocal jurisdiction reinsurer in 37 US states for 2025, while also seeing its loss ratio remaining lower in 2024, according to its latest rating affirmation by AM Best.

Even in a state of increased event activity driven by a changing climate, allocating to insurance-linked strategies (ILS) can generate attractive returns for investors, according to a whitepaper from LGT ILS Partners, the specialist dedicated ILS investment unit of the private bank and asset manager LGT Capital Partners.

The loss ratio of Lumen Re, the main reinsurance underwriting vehicle of LGT ILS Partners, has reduced significantly again in 2023, while the reinsurer is becoming increasingly efficient for the ILS manager as it has earned reciprocal jurisdiction recognition in 37 US states, according to rating agency AM Best.