Insurance-linked investments

Private ILS funds, so those allocating to collateralised reinsurance and instruments other than catastrophe bonds, saw a very strong August as seasonality boosted the average returns of this segment of the market to 1.67%, according to ILS Advisers.

Stone Ridge Asset Management, the New York based asset manager an alternative risk premia focus, has clearly demonstrated a strong return to growth for its mutual insurance-linked securities (ILS) fund strategies, adding 24% in ILS assets in the last quarter of record and with its cat bond focused strategy reaching a new high of $2.1 […]

Bermuda-headquartered AXIS Capital has teamed up with investor Stone Point to launch Monarch Point Re, a newly created collateralized reinsurer that has been capitalised by a more than $400 million raise and will operate as a kind of third-party capitalised casualty reinsurance sidecar structure, with a total return approach.

It’s increasingly clear that the ongoing difference of opinion over ownership or control of property rights to segregated cells and accounts linked to them, that were used for reinsurance deals facilitated by Vesttoo where letters of credit (LOC) were found to be fraudulent or forged, will need a definitive court ruling to be decided.

Investor interest in insurance-linked securities (ILS), particularly on the private ILS and reinsurance side of the market, can be enhanced with a continuation of the prudent approach to underwriting currently being seen, Marcel Grandi, Head of ILS Sourcing at Twelve Capital told us.

The latest vintage of the life and annuity focused reinsurance sidecar structure launched by Athene Holding Ltd., the life and retirement reinsurance company majority owned by investor and private equity specialist Apollo Global, has received its ratings and we understand the investor commitments to it are expected to roughly double.

In a response to objections made to the bankruptcy court by Vesttoo and the unsecured creditor committee, the joint provisional liquidators (JPL’s) to the affected cells of the Aon White Rock SAC vehicle have said arguments made objecting to their application for Chapter 15 relief are “meritless”.

This video features the fifth session of the day at our recent Artemis ILS Asia 2023 conference, held in Singapore on July 13th 2023, a fireside chat discussion with William Ho, the CEO of MS Amlin Asia Pacific, and Head of Reinsurance (Asia) for MS Amlin.

Porch Group, a software driven financial services group with a homeowners insurance arm, continues to proactively strengthen its business to recover from exposure to the Vesttoo-linked letter of credit (LOC) collateral fraud that affected certain reinsurance deals its Homeowners of America Insurance Company (HOA) subsidiary had entered into.

Nascent Group, the insurance management and reinsurance transformer company launched by industry stalwart Andre Perez that aims to reimagine the insurance-linked securities (ILS) servicing space, has agreed its first acquisition with Bermuda Compliance Consultants Ltd.