Quota Share


Stone Ridge ILS fund redemptions slow, cat bond holdings increase

Stone Ridge Asset Management’s mutual insurance-linked securities (ILS) fund assets under management remained relatively flat through the last quarter of record, as redemptions appear to have slowed significantly, while the investor increased its holdings in catastrophe bonds. Stone Ridge's higher-risk, less liquid interval style mutual ILS fund, the Stone Ridge Reinsurance read the full article →

Not everything in ILS comes down to models: Chin Liu, Amundi Pioneer

When it comes to building a portfolio of insurance-linked securities (ILS) and reinsurance linked investments, there is more to quality and return potential than simply following models, according to Chin Liu of Amundi Pioneer. Liu is a Director of Insurance-Linked Securities and a Portfolio Manager at Amundi Pioneer, managing over $90 read the full article →

Covid-19 business interruption losses begin for some ILS funds

A number of insurance-linked securities (ILS) funds reported small losses related to business interruption claims from the Covid-19 pandemic in July, with quota shares the main source. It's understood that some collateralised quota share reinsurance positions covering mainly European carriers have begun to see actual claims related to property business interruption read the full article →

COVID-19 business interruption hit to ILS seen as minimal

After canvassing a number of insurance-linked securities (ILS) investment fund managers and end-investors for their views on possible loss impacts due to the COVID-19 pandemic, the majority strongly believe that impacts from the business interruption issue will only be minimal to their ILS strategies and ILS portfolios. This goes for ILS read the full article →

ILS an option to consider for SiriusPoint: CEO Sankaran

SiriusPoint, the new Class of 2020 international insurance and reinsurance firm being launched out of the coming together of Third Point Re and Sirius Group, sees ILS as “an option to consider” in terms of its capital use, CEO Sid Sankaran told us in an interview. Speaking with Artemis and our read the full article →

Oxbridge Re’s sidecar shrinks to $216k for 2020 renewal

Cayman Islands based reinsurance firm Oxbridge Re Ltd. has renewed its fully-collateralised reinsurance sidecar vehicle Oxbridge Re NS Ltd. for 2020 at a downsized amount of just $216,000. Oxbridge Re first entered the insurance-linked securities (ILS) market with a quota share retrocessional reinsurance sidecar arrangement in June 2018, with a $2 read the full article →

Stone Ridge boosts interval ILS fund NAV with reverse share split

Stone Ridge Asset Management, the New York based asset manager with a focus on alternative risk premia strategies including reinsurance and insurance-linked securities (ILS), has actioned a reverse share split on its interval ILS fund strategy, effectively boosting the net asset value (NAV) of the strategy. Stone Ridge filed to undertake read the full article →

FedNat bolsters reinsurance, adds Swiss Re quota share on Florida business

FedNat Holding Company, the U.S. primary insurance carrier group, has bolstered its reinsurance program for the 2020-2021 season, adding coverage to reduce its second and third event retentions, plus a non-Florida quota share and a Florida specific quota share with Swiss Re. FedNat had secured a catastrophe excess of loss reinsurance read the full article →

Stone Ridge mutual ILS funds shrink 18% to $4.1bn on redemptions

Stone Ridge Asset Management’s mutual insurance-linked securities (ILS) fund assets shrank by a further 18% in the last quarter of record, as high levels of redemptions continued and over a billion dollars exited its interval ILS fund strategy. Again, it is the higher-risk, less liquid interval style mutual ILS fund that read the full article →

Lemonade files to go public and reveals Nephila as reinsurer

Lemonade, Inc., one of the highest profile insurtech start-ups that had been funded by Softbank among others, has filed an initial public offering (IPO) registration statement in which it has also revealed that one of its reinsurers is the largest ILS fund manager in the world Nephila Capital. Lemonade is targeting read the full article →