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Swiss Re sets up its first ILS fund, the Core Nat Cat Fund under 1863 Fund Ltd.

Global reinsurance firm Swiss Re continues to demonstrate its growing commitment to third-party sources of capital and insurance-linked securities (ILS), announcing this morning that it is launching a dedicated ILS fund, the Core Nat Cat Fund, so investors can participate in its natural catastrophe underwriting business. Swiss Re has set up read the full article →

Nephila Capital gets $100m investment from New Jersey state pension

Nephila Capital, the largest dedicated manager of insurance-linked securities (ILS) and catastrophe or weather exposed insurance and reinsurance assets, has won a $100 million allocation from the state of New Jersey Division of Investment, a manager of state pension funds. The New Jersey Division of Investment manages the retirement benefits of read the full article →

Swiss Re exploring more permanent alternative capital structures: CFO

During its annual investor day this morning, Swiss Re's CFO John Dacey explained just how important the use of alternative capital and relationships with insurance-linked securities (ILS) investors has become for the company, explaining that it aims to build on its use of ILS capacity and find ways to make read the full article →

Swiss Re targets higher P&C reinsurance profits

Global reinsurance firm Swiss Re looks set to target profitable growth for its property and casualty (P&C) reinsurance business, aiming to underwrite more business in the hardening market at a reduced combined ratio. Swiss Re is targeting an improved combined ratio for its P&C reinsurance business of less than or equal read the full article →

Integral ILS gets cornerstone commitment from Canadian pension PSP

Integral ILS Ltd., the start-up insurance-linked securities fund manager launched by industry execs Richard Lowther and Lixin Zeng, has secured its first investor commitment, from Canadian pension giant the Public Sector Pension Investment Board (PSP Investments). PSP Investments manages around CAD $169.8 billion of net assets and we understand this to read the full article →

Transparency & proactive relationships are key, say leading ILS investors

Pension fund investors that allocate to the insurance-linked securities (ILS) space are looking for a certain level of transparency, humility, and a dynamic relationship, according to Craig Dandurand, Head of Debt at the Future Fund of Australia. On the penultimate day of our virtually held ILS Asia 2020 conference back in read the full article →

Sidecars helped Swiss Re attract capital in difficult times: CEO Mumenthaler

The alignment inherent in the collateralised reinsurance sidecar vehicles that Swiss Re operates has helped the company to attract fresh ILS capital even during difficult times, the firms CEO Christian Mumenthaler told us. Speaking in a recent Artemis Live video interview, Mumenthaler explained how the world's largest reinsurer Swiss Re is read the full article →

If COVID-19 uncertainty traps retro, upward rate pressure will continue: Rüede, Swiss Re

Should uncertainty over eventual losses caused by the COVID-19 pandemic result in the trapping of significant amounts of retro capital at the end of 2020, the upwards pressure on rates in the market should be expected to persist, Philipp Rüede of Swiss Re said. Speaking to us in a recent interview, read the full article →

ILS capital influx beginning, expected to persist: Swiss Re’s Rüede

Global reinsurer Swiss Re, which has been expanding its alternative reinsurance capital strategies in recent years, is seeing the "beginning of an influx" of capital into insurance-linked securities (ILS), something it believes will continued, Philipp Rüede, Head of the firms Alternative Capital Partners unit told us. Rüede was speaking to us read the full article →

Swiss pensions could allocate more to ILS, as infrastructure split from alts

Swiss pension funds, or Pensionskassen as they are known, could now allocate a greater percentage of their capital to insurance-linked securities (ILS), if they wanted to, as infrastructure investments have been carved out of the alternatives bucket. In the past, Swiss pensions were only allowed to allocate up to 15% of read the full article →