Reinsurance linked investment

Analysts at investment bank Jefferies came back from a trip to Bermuda meeting with reinsurance and ILS market executives with the conclusion that property catastrophe pricing has held up well, perhaps better than anticipated, and that market discipline is expected to extend into 2025.

Securis Investment Partners, the London-headquartered insurance-linked securities (ILS) investment manager, has announced the appointment of experienced catastrophe bond and ILS market specialist Judy Klugman as an independent Non-Executive Director to its Board.

The Artex Capital Solutions managed Eclipse Re Ltd. structure has issued a new private catastrophe bond transaction, a $25 million Eclipse Re Ltd. (Series 2024-2A) deal.

Records continue to be broken in the catastrophe bond market in 2024 and it’s now clear that May is set to become the biggest single month of new catastrophe bond issuance on-record, with a chance of becoming the first time any month has surpassed $4 billion of newly issued cat bonds.

The catastrophe bond market underwent a further phase of spread widening in the last week, with industry-loss index trigger cat bonds leading the way again and now, the wider spreads are being cited as an opportunity for investors to enter the market by Icosa Investments.

Here are the ten most popular news articles, week ending May 26th 2024, 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 updates or get our email alerts for every article we publish.

Fermat Capital Management, one of the largest specialist investment managers of catastrophe bonds and insurance-linked securities (ILS) assets, launched a new UCITS cat bond fund strategy earlier this year in February, which we’ve learned has already grown above $530 million in assets.

This video features an expert panel discussing cyber catastrophe bond market trends at our Artemis ILS NYC 2024 conference, which was held in New York on February 9th 2024.

Having only launched its business at the beginning of this year, Icosa Investments, the Swiss catastrophe bond focused investment manager launched by co-founders the former Twelve Capital executive Florian Steiger and Swiss financial services and capital markets specialist Jordan Nickerson, has already surpassed $100 million in assets.

Despite the slowdown in the collateralised reinsurance marketplace in recent years, global reinsurer Hannover Re continues to place more limit on behalf of investor and ILS fund partners, growing this segment of its business again in full-year 2023.