Reinsurance linked investment

Vesttoo, the insurance-linked securities (ILS) focused insurtech company, has announced the completion of a Series C funding round sized at $80 million, which it says values the firm at $1 billion.

Overall assets under management (AuM) of the main UCITS catastrophe bond funds as a group shrank almost -8% during the third-quarter of 2022, with hurricane Ian ending a period of decline with a -4.3% hit to assets of this group of cat bond funds.

Investing in insurance bonds looks even more compelling now against the broader macro-economic backdrop of volatile markets, according to Dinesh Pawar, Head of Insurance Bonds at specialist sector investment manager Twelve Capital.

Catastrophe bond funds, as measured by the Plenum CAT Bond UCITS Fund Indices, continued to decline in the last week, falling another average of nearly half a percent, bringing them to a -6.5% decline on average since hurricane Ian made landfall.

Here are the ten most popular news articles, week ending October 23rd 2022, 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.

Accelerant, the insurtech that aims to help its members exchange and transfer risk more effectively and also connect them with long-term capital, has made a key hire in Jay Green, an executive with significant insurance-linked securities (ILS) experience, who will join the company as its Group Chief Financial Officer.

The third session at our Artemis London 2022 conference on September 6th featured a panel discussion titled “ESG in the cat bond market. Where next?”, in which participants discussed progress on environmental, social and governance issues in the catastrophe bond marketplace.

Catastrophe bond funds, as measured by the Plenum CAT Bond UCITS Fund Indices have fallen further in the wake of hurricane Ian at the last index calculation, with the average decline since the storm made landfall now -6.04% across the indices.

K2 International, the London-based specialist MGA, is out raising capital for additional reinsurance and possibly US retrocession & ILW underwriting in 2023.

Even with the losses from hurricane Ian hanging over the insurance-linked securities (ILS) market, Liechtenstein-based private bank VP Bank AG maintains an overweight view on the asset class and sees the rising premiums to come as an “entry opportunity” for investors.