Insurance linked securities news, ILS news

Tenax Capital, the London based hedge fund  that was founded by its CEO Massimo Figna and offers a UCITS catastrophe bond fund to its investor clients, has hired Toby Pughe from AXA XL as an Insurance-Linked Securities Analyst.

Specialist catastrophe bond, insurance-linked securities (ILS) and reinsurance investment manager Twelve Capital has announced two new hires that bring sustainable and climate investing expertise to the company.

Acrisure Re, the reinsurance broking unit of the Acrisure group, has announced a key hire of relevance to the insurance-linked securities (ILS) market, appointing former BTG Pactual partner, Nick Godfrey, as its first Head of Capital Markets.

Arch Capital Group, the Bermuda headquartered specialty insurance and reinsurance company,has returned to the capital markets and insurance-linked securities (ILS) in search of more mortgage reinsurance protection, launching its third mortgage ILS deal of the year, a $511.5 million Bellemeade Re 2021-3 Ltd. transaction.

The recent Sustainable Finance Disclosure Regulation (SFDR) introduced by the EU poses “significant challenges” and tough questions for ILS fund managers looking to build a green reputation, notes Joel Smith, Associate Partner at Synpulse Management Consulting.

Catastrophe bonds sponsored by specialty insurance and reinsurance company Fidelis Insurance Holdings Limited have been marked down by as much as 10%, or slightly more, as industry loss expectations for hurricane Ida rise, while some of the other exposed cat bonds have also seen more price declines.

The insurance-linked securities (ILS) market has “breakout” potential as the sector returns to growth, increasing numbers of new sponsors enter the market, including from outside of insurance and reinsurance, but the real catalysts for future expansion could be climate change and ESG, Fitch Ratings believes.

American International Group, Inc. (AIG) has announced that Chris Schaper, its Chief Executive Officer of reinsurance units AIG Re and Validus Re, is set to also take on CEO responsibilities for its insurance-linked securities (ILS) unit AlphaCat Managers.

Here are the ten most popular news articles, week ending September 19th 2021, 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.

Thanks to the sophistication of the insurance-linked securities (ILS) market and investors demonstrated resilience over recent loss-heavy years, analysts at KBW conclude that even huge catastrophe events won’t drive a capacity shortfall in reinsurance any more.