Reinsurance linked investment

More Australian pension super funds have begun allocating to insurance-linked securities (ILS), according to Bloomberg, as the publisher names Rest Super and Host Plus as allocating to the space. Artemis has learned that Rest Super has invested with manager Twelve Capital for catastrophe bonds.

The insurance-linked securities (ILS) industry has come together to respond to the European Securities & Markets Authority (ESMA) call for evidence to support a review of the Undertakings for Collective Investment in Transferable Securities (UCITS) Eligible Assets Directive (EAD), highlighting the reasons catastrophe bonds are beneficial assets for investors and suitable assets for UCITS strategies.

Investor sentiment for accessing the specialist Lloyd’s insurance and reinsurance marketplace is very strong as scepticism around the market following some turbulent years has eased on the back of impressive results, according to executives at Argenta Private Capital Limited (APCL).

Client demand for risk capacity is “accelerating in all dimensions” according to Shiv Kumar, President of GC Securities, the capital markets and ILS specialist unit of reinsurance broker Guy Carpenter.

Catastrophe bond fund returns spiked in August 2024 delivering the best monthly performance of the year for many, as seasonal spread tightening delivered strong performance across the market, with the Plenum CAT Bond UCITS Fund Indices averaging a 2.15% return for just slightly over the month.

Even without any major catastrophe loss events over the rest of the year, Michael Stahel, Partner and Portfolio Manager at LGT ILS Partners Ltd., is not expecting a significant shift in premium from current price levels and notes the company will strategically shift capacity between areas of the market to source the best deal opportunities […]

Dean Klisura, the President and CEO of Guy Carpenter has explained that the market is well capitalised and this is accelerating, while reinsurers remain open and motivated to do business.

MultiStrat, the specialist underwriter, and reinsurance investment facilitator, has announced two senior promotions within its underwriting team, with Kier James, Vice President, Underwriting, stepping up to become Chief Underwriting Officer (CUO), while Patrick Grealy, Executive Vice President, transitions to the expanded role of Portfolio & Performance Management.

Marcel Grandi, Head of ILS Sourcing at Zurich-headquartered insurance-linked securities (ILS), catastrophe bond and reinsurance investment manager Twelve Capital, believes the current reinsurance market environment and its pricing may persist longer this time.

Elementum Advisors, LLC, the insurance-linked securities (ILS) fund and collateralized reinsurance investment manager, has announced the hiring of Andreas (Andy) von Reitzenstein as Senior Vice President, Underwriting in Bermuda.