PIMCO

Asset management giant PIMCO is closing down its dedicated insurance-linked securities (ILS) investment platform, citing a lack of alignment with its long-term vision and business priorities, as well as challenges in achieving business scale.

Blackstone Alternative Asset Management, the hedge fund solutions unit of Blackstone, upsized its investment into an insurance-linked securities (ILS) strategy managed by asset management giant PIMCO before the end of last year.

Blackstone Alternative Asset Management, the hedge fund solutions unit of Blackstone, has trimmed back its holding in a strategy managed by Aeolus Capital Management Ltd., while one managed by PIMCO has shrunk slightly on valuation changes.

The steady, positive returns delivered by insurance-linked securities (ILS) during times of broader financial market downturns, shows that the asset class offers reliable and consistent diversification potential for investors, according to PIMCO.

Giant asset manager PIMCO has raised and deployed more funds into its Cayman Islands based ILS Series SPC fund, taking total insurance-linked assets within one segregated fund account to $51.8 million and overall assets in the vehicle to just over $150 million.

Investment management giant PIMCO has continued to build on activities within its relatively recently launched dedicated insurance-linked securities (ILS) operations PIMCO ILS, with more capital flowing to its ILS fund for this renewal.

Investment management giant PIMCO (Pacific Investment Management Company LLC) believes catastrophe bonds can be an ESG (environmental, social and corporate governance) appropriate investment, adding them as fixed income assets two of its new funds are able to allocate to.

As PIMCO (Pacific Investment Management Company LLC) ramps up its new insurance-linked securities (ILS) operations, its executives have highlighted that the relationship with parent company, insurance giant Allianz, is both a key differentiator and key to its ILS potential.

PIMCO’s set-up of its insurance-linked securities (ILS) operations continues apace we can report, with infrastructure now in place including an ILS fund, into which capital has already been raised, as well as the registration of a reinsurance vehicle Newport Re Ltd.

PIMCO (Pacific Investment Management Company LLC) continues to build-out its new insurance-linked securities business, adding another experienced reinsurance and ILS professional in Michael Beck, formerly the COO of Mt. Logan Re.