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Clarity for ILS on Covid-related BI could take two more years: End-investors

The unexpected nature of Covid-19 related business interruption (BI) losses is troubling for the market, and it could be another two years before the insurance-linked securities (ILS) industry fully understands the impact, according to leading ILS investors. To end day three of our virtual ILS Asia 2021 event, held in association read the full article →

Capital the “entry ticket” not the main value proposition: Mumenthaler, Swiss Re CEO

While capital has become more abundant, fungible and cheaper as a result over the last decade, it remains important as the "entry ticket" to the world of insurance and reinsurance, but it is no longer the main value proposition, Swiss Re CEO Christian Mumenthaler said today. Speaking earlier today during a read the full article →

PGGM ILS mandate scope for Nephila, PartnerRe & Swiss Re upsized

PGGM, the Dutch pension fund administrator and investment manager and the largest single source of assets in the insurance-linked securities (ILS) market, has significantly increased its mandated allocation allowances for some of its leading invetsment partners in the ILS and reinsurance sector. With, we understand, roughly US $7.5 billion of investments read the full article →

Healthcare of Ontario Pension Plan (HOOPP) doubled ILS allocation in 2020

The Healthcare of Ontario Pension Plan (HOOPP), a large Canadian institutional retirement fund, has more than doubled its investments in the insurance-linked securities (ILS) asset class over the last year. Insurance-linked securities (ILS), so investments into insurance-linked funds as well as some other reinsurance related securities, began in earnest for the read the full article →

Integral ILS launches insurance partnership with Amwins & Core Specialty

Insurance-linked securities (ILS) fund manager Integral ILS Ltd. has now formally launched its property insurance partnership with risk origination and distribution specialist Amwins, and has announced that Core Specialty is set to act as the policy issuer. The partnership between Integral ILS and Amwins had always been inevitable, as the strategic read the full article →

Integral ILS to access catastrophe risk via AmWINS MGA’s

Insurance origination and distribution specialist AmWINS has confirmed that start-up insurance-linked securities (ILS) fund manager Integral ILS Ltd. will be accessing catastrophe risk through its managing general agents (MGA's). Integral ILS Ltd. was launched as a new ILS fund manager market entrant by industry execs Richard Lowther and Lixin Zeng, with read the full article →

Coca-Cola pension fund ILS allocation grew 5% to $362m in 2020

The insurance-linked securities (ILS) allocation of global beverage and food giant The Coca Cola Company's pension fund has grown in 2020, ending the year 5% larger at $362 million. Coca-Cola's corporate pension plan has been invested in insurance-linked securities for a number of years, with as much as 5% of its read the full article →

Swiss Re’s alternative capital assets under management reach $2.8bn

Global reinsurance firm Swiss Re has increased the alternative reinsurance capital assets under management in a range of insurance-linked securities (ILS) structures to $2.8 billion, with the recently launched 1863 Fund one area of the business to benefit. Swiss Re has been managing assets in its collateralised reinsurance sidecar Sector Re read the full article →

SCOR Investment Partners gets ILS allocation from City of Zurich pension

SCOR Investment Partners, the asset management company of the global reinsurance group SCOR, won a new investment mandate from the roughly $20 billion City of Zurich Pension Fund in recent weeks. The City of Zurich Pension Fund is one of the largest in Switzerland and operates pensions and other insurance benefits read the full article →

Integral ILS gets investment from New Holland Capital

Integral ILS Ltd., the start-up insurance-linked securities (ILS) fund manager launched by industry execs Richard Lowther and Lixin Zeng, has announced a second cornerstone investor for its new catastrophe reinsurance focused strategy, with long-time ILS investor New Holland Capital making a commitment to the firm. With the new commitment from New read the full article →