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1863 an “investor friendly” ILS fund platform: Bisping, Swiss Re

Global reinsurance firm Swiss Re developed its 1863 insurance-linked securities (ILS) fund platform to be "investor friendly" and has attempted to address some of the "structural inefficiencies" often seen in ILS products, according to Martin Bisping, CEO of the reinsurers' Swiss Re Insurance-Linked Investment Management Ltd (SRILIM) unit. Just last week, read the full article →

Alecta plans more ILS allocations, reflecting long-term perspective

Alecta, which is the largest pension fund in Sweden, intends to take a long-term view on the insurance-linked securities (ILS) sector and according to a report is planning to make further investments into reinsurance related risks through ILS strategies. Alecta was founded in 1917 and now manages occupational pensions for around read the full article →

Swedish pension Alecta allocates $200m to SCOR’s Atlas Gotland sidecar

Swedish pension fund Alecta has allocated US $200 million to invest in reinsurance firm SCOR's new sidecar structure, a Atlas Gotland Worldwide Catastrophe Sidecar which is part of newly formed SPI Atlas Re Limited. As we explained yesterday, Alecta has also allocated to an insurance-linked securities (ILS) investment fund managed by read the full article →

Swiss Re gets $250m 1863 ILS fund investment from Swedish pension Alecta

Global reinsurance firm Swiss Re, through its specialist insurance-linked securities (ILS) fund management unit Swiss Re Insurance-Linked Investment Management Ltd (SRILIM), has secured a US $250 million investment into its 1863 ILS fund platform from the largest Swedish private pension Alecta. The reinsurer said this is a "substantial investment" from the read the full article →

Sidecar investors likely relieved on Swiss Re’s Ida loss pick: CFO Dacey

Investors in Swiss Re's collateralised reinsurance sidecars were likely relieved when they saw the reinsurers loss picks for hurricane Ida and other recent catastrophe events, according to CFO John Dacey. Speaking during an analyst call this afternoon, Swiss Re's CFO highlighted the importance of alternative reinsurance capital to the company and read the full article →

Aon Hewitt advises Arkansas pension to wind-down Aeolus fund allocation

Investment consultants continue to demonstrate the influence they have over institutional allocations to insurance-linked securities (ILS), as Aon Hewitt has now advised the Arkansas Teacher Retirement System to wind-down an allocation to an Aeolus Capital Management fund. Just one month ago, we reported that the board of the Arkansas Teacher Retirement read the full article →

Schroders finds 10% of institutional investors to increase ILS allocations

A new study of institutional investors from around the world by global asset management group Schroders has found that 10% of respondents plan to increase their allocations to insurance-linked securities (ILS) over the next year. Schroders annual Institutional Investor Study features the perspectives of 750 institutional investors, including corporate and public read the full article →

City of Zurich pension to double insurance-linked securities allocation

The City of Zurich Pension Fund announced a rebalancing of its portfolio strategy, part of which will see the investor as much as double its allocation to the insurance-linked securities (ILS) asset class. The City of Zurich Pension Fund manages roughly 21 billion Swiss francs in assets, which equates to more read the full article →

Arkansas Teacher pension to redeem from Nephila, allocate to Pillar Capital

The board of the Arkansas Teacher Retirement System, a state pension fund that provides retirement solutions to Arkansas education professionals, voted yesterday to redeem an investment in a Nephila Capital managed ILS fund and make a new allocation to one managed by Pillar Capital, on the recommendation of consultant Aon read the full article →

No change to underwriting as Swiss Re’s ILS capital grows: Rüede

As third-party or alternative capital managed continues to grow for global reinsurance firm Swiss Re, the company is keen to stress that this doesn't mean any changes to its underwriting approach and standards, Philipp Rüede told us. Swiss Re has big ambitions in ILS capital management, seeing it as a core read the full article →