Reinsurance linked investment

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Philippines seeks reinsurance to cover $19.6bn of state assets & infrastructure

The government of the Philippines continues to expand its natural catastrophe related insurance and risk transfer provisions, with the latest step being a roughly US $19.6 billion cover for certain state assets, for which it is now seeking private market reinsurance protection.The Philippines government has entered into the 1 trillion read the full article →

UK pension fund Railpen hires ILS focused investment manager

Railway Pension Investments Limited (RPMI Railpen), the dedicated investment manager that looks after the pension fund for UK railway's workers, has hired a sector specialist in insurance-linked securities (ILS) from Willis Towers Watson (WTW) as an investment manager.James Turner has joined RPMI Railpen as an Investment Manager at the end read the full article →

Gap between best & worst performing ILS fund nears 10% in October

The broad diversity within the insurance-linked securities (ILS) fund market became very apparent in October 2019, as the impacts of catastrophe losses from Hagibis drove the gap between best and worst performing ILS fund to almost 10%.It's one of the highest figures we've seen in our almost two decades tracking read the full article →

Markel CATCo listed retro fund adds new director

Markel CATCo Investment Management has added a new director to its stock exchange listed and in run-off retrocessional reinsurance focused investment strategy, the CATCo Reinsurance Opportunities Fund Ltd.The Board of the retro reinsurance fund announced that they have appointed Arthur Jones as a non-executive Director effective yesterday. Jones will also read the full article →

Hagibis hammers some private ILS positions in October

It's becoming clear that typhoon Hagibis' impacts in Japan have hammered the performance of some private insurance-linked securities (ILS) positions in October and this could be sufficient to overshadow what has been another positive month for the catastrophe bond market.While typhoon Hagibis did dent some catastrophe bond positions, with a read the full article →

FedNat closes acquisition of 1347 PIH, as 1347 transitions to reinsurer-investor

Florida and region focused primary insurance group FedNat Holding Company has completed its acquisition of the homeowners insurance underwriting operations of 1347 Property Insurance Holdings, Inc.With the acquisition now completed, 1347 PIH will transition into a company offering reinsurance and investment management services, with a lucrative first-refusal arrangement now in read the full article →

Aeolus gets $102.85m investment from Blackstone multi-strat fund

Aeolus Capital Management Ltd., the Bermuda based reinsurance and insurance-linked securities (ILS) focused investment fund manager, took an allocation amounting to roughly $102.85 million from asset management giant Blackstone earlier this year.The allocation came from Blackstone Alternative Asset Management, the hedge fund solutions unit of Blackstone which has around $78 read the full article →

Plenum CAT Bond Fund gets higher sustainable investment grading

The Plenum CAT Bond Fund, the flagship offering from Zurich based specialist insurance-linked securities (ILS) and catastrophe bond investment manager Plenum Investments, has received a higher grading as a sustainable investment opportunity in its second assessment.Last year, Plenum's flagship catastrophe bond investment fund received a recognition of its sustainable investment read the full article →

Best of Artemis, week ending 1st December 2019

Here are the ten most popular news articles, week ending 1st December 2019, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updatesor get our email alerts for every article we publish.Tickets are selling read the full article →

Nephila taking disciplined approach to value creation: Markel’s Richie Whitt

Nephila Capital is taking a "disciplined approach to long-term value creation" according to Markel Co-CEO Richie Whitt, who said that the flagship insurance-linked securities (ILS) unit of the carrier remains on target for the year.At the same time, Whitt has highlighted the important role Markel's program fronting subsidiary State National read the full article →