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New Mexico state pension adds $25m to ILS Capital allocation: Report

The New Mexico Educational Retirement Board, a near $13.5 billion pension fund for the state of New Mexico’s education sector employees, is reported to have allocated an additional $25 million to insurance-linked securities (ILS) fund manager ILS Capital Management. The New Mexico Educational Retirement Board already had a roughly $125 million read the full article →

ILS Capital Management says market delivering higher returns in 2020

Demonstrating the robust returns possible in the insurance-linked securities (ILS) market currently, through allocations to diversified reinsurance portfolios, Bermuda headquartered ILS fund and investment manager ILS Capital Management said its investors stand to earn higher returns this year. With reinsurance and retrocession rates firming rapidly through 2020, beginning at the key read the full article →

ILS Capital’s reinsurer Prospero Re rated as it adjusts model to add leverage

Bermuda headquartered ILS fund and investment manager ILS Capital Management Ltd. is adjusting the operating model of its reinsurance vehicle Prospero Re Ltd. to add an element of leverage, while retaining the benefits of collateralized coverage. A number of insurance-linked securities (ILS) fund managers have shifted their reinsurance vehicles models to read the full article →

ILS Capital Management’s 2019 portfolio delivers 10.5% by end of July

While loss creep, trapped collateral and the general ongoing impacts from prior year reinsurance related catastrophe losses continue to plague the insurance-linked securities (ILS) market, it's important to remember that the asset class can still deliver significant value, in terms of investor returns. ILS and reinsurance linked investing as an asset read the full article →

Notre-Dame Cathedral fire could threaten some specialty ILS positions

When the roof of Notre Dame Cathedral in Paris caught fire recently perhaps the last thing thought of was potential exposure for the insurance-linked securities (ILS) market. But it's becoming clear there is a small chance some specialty lines ILS positions could be threatened by the fire. The fire broke out read the full article →

ILS Capital Management delivered double-digit 2018 return to pension investor

While negative performance of ILS and collateralized reinsurance portfolios has been the talk of recent months, after the consecutive years of catastrophe loss activity, as ever performance is divergent in this market and ILS Capital Management was one of those that fared better in 2018. Bermuda headquartered ILS fund and investment read the full article →

Price inadequacy of longer-tailed lines mean ILS could take a closer look

The reinsurance market is expected to take a much closer look at the adequacy of pricing and profitability for many longer-tailed lines of specialty and casualty business, especially as reinsurers have generally been unable to command the payback they may once have been used to, following the catastrophes of 2017. This read the full article →

Brit launches Scion Underwriting, to partner with third-party capital

Specialty insurance and reinsurance firm Brit Ltd. has announced the launch of a new specialty re/insurance platform, Scion Underwriting Managers, which it says will partner both with its own balance-sheet, other markets and also third-party capital providers. Industry veteran Scott Brock has been hired to run the platform, as President of read the full article →

London re-insurance market softening to continue in 2017: PwC

The London insurance and reinsurance market will see continued price softening in 2017, albeit at a reducing pace, according to PwC, which the consultancy believes will result in around a third of the market experiencing an underwriting loss next year. The global reinsurance market has been softening steadily for a number read the full article →

First marine catastrophe model to encourage ILS participation: RMS

The forthcoming launch of the first marine cargo and specie catastrophe risk model from RMS will provide an enhanced approach to marine risk quantification, helping ILS investors and capital to increase participation in the marine insurance and reinsurance market. The RMS Marine Cargo Model, which will be the insurance and reinsurance read the full article →