Reinsurance linked investment

Nephila Capital, the largest manager of catastrophe and weather insurance or reinsurance linked assets, has added a significant amount of capacity to its Syndicate 2357 vehicle at Lloyd’s of London, while the business mix written by the syndicate has changed as it supports the ILS manager’s growing U.S. MGA activities.

Is the insurance-linked securities (ILS) market becoming less transparent, as transactions undertaken using capital market investor capital shift further towards the private and collateralized reinsurance arena, and what does this mean for investors and ceding companies?

Here are the ten most popular news articles, week ending 9th April 2017, 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.

Insurtech start-up Ledger Investing, which counts ex-AIG capital markets head Samir Shah as its CEO, is in the process of completing a $5 million round of seed funding to help it build out its insurance risk securitization platform and expand its team.

Eclipse Re Ltd., the private syndicated collateralized reinsurance note platform from Horseshoe Group and Rewire Securities LLC, has issued its first tranche of private ILS or catastrophe bond notes, with a $20 million Eclipse Re Ltd. (Series 2017-01A) transaction.

Stone Ridge Asset Management, the beta and alternative risk premia focused mutual fund manager, has reached $5.5 billion of insurance-linked securities (ILS) and reinsurance linked assets under management, with its Reinsurance Risk Premium Interval Fund leading the way with 23% growth in the last quarter.

U.S. mutual fund manager Pioneer Investments has seen a significant increase in assets under management of its Pioneer ILS Interval Fund insurance-linked securities and reinsurance linked investment strategy, with the fund’s AuM jumping 52% to $245 million by the end of January 2017.

Here are the ten most popular news articles, week ending 2nd April 2017, 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.

The average return across a group of 34 insurance-linked securities (ILS), pure catastrophe bond and reinsurance-linked investment funds came in at a below average 0.32% for February 2017, with some prior month loss reserve adjustments perhaps impacting performance.

The UK’s vote to leave the European Union will not impact Gibraltar’s insurance-linked securities (ILS) offering to EU ceding insurers, and the region’s relationship with the UK’s financial services business is positive for both London’s and Gibraltar’s ILS ambitions, according to industry experts.