Insurance-linked investments

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.

A new preliminary prospectus for an ESG focused exchange traded fund that will invest in insurance-linked securities (ILS) and reinsurance-linked assets that have exposure to climate risk has been launched by Impact Shares, an ESG focused investment operator.

According to the global insurance and reinsurance equities analyst team at Jefferies, the share price reaction to hurricane Ian has been more benign than expected, leading them to suspect investors are looking to the “substantial renewal pricing upside” that is now anticipated.

Investor interest in institutional asset classes that are environmental, social and governance (ESG) appropriate is set to increase rapidly, which will help ESG assets under management around the world expand 84% by 2026, according to a new report from PwC.

The value of insurance-linked securities (ILS) held in the dedicated mutual ILS investment fund operated by Amundi US Investment Management, the Pioneer ILS Interval Fund, almost caught up with their cost in the last quarter of record.

Resolution Life, the legacy life insurance investments arm of insurance entrepreneur Clive Cowdery’s Resolution Group, is aiming to raise $3 billion in capital through a newly established perpetual capital vehicle, with Blackstone as an anchor investor and strategic partner to drive future growth.

The second session at our Artemis London 2022 conference on September 6th featured a panel discussion titled “Filling the Gaps”, where participants discussed climate and disaster risk, as well as parametric catastrophe bonds.

AGILE Risk Partners, a specialist technology-focused direct & facultative (D&F) property risk underwriting start-up that brings diversified capital to its deals, told Artemis it has deployed an initial $50 million from a $250 million allocation to distressed areas of the market.

Credit Suisse Insurance Linked Strategies Ltd., the dedicated ILS fund management and investment arm of the global investment bank, has estimated that industry losses from hurricane Ian will fall in a range from $45 billion to $65 billion, with a best estimate of $54 billion.