Insurance
Swiss Re sets up its first ILS fund, the Core Nat Cat Fund under 1863 Fund Ltd.
Global reinsurance firm Swiss Re continues to demonstrate its growing commitment to third-party sources of capital and insurance-linked securities (ILS), announcing this morning that it is launching a dedicated ILS fund, the Core Nat Cat Fund, so investors can participate in its natural catastrophe underwriting business. Swiss Re has set up a new subsidiary called…
Read MoreOccurrence shift insulated ILS against 2020 hurricane frequency: SCOR IP’s Rossary
A general shift in favour of per-occurrence structures has helped to insulate insurance-linked securities (ILS) portfolios against some of the impacts of the record-setting 2020 Atlantic hurricane season Fabrice Rossary, the Chief Investment Officer of SCOR Investment Partners, has said. Insurance-linked securities (ILS) and catastrophe bond investors, having been hit hard by catastrophe losses across…
Read MoreInvestor appetite evident across the spectrum: Ruoff, Schroder Secquaero
As the insurance-linked securities (ILS) market looks towards year-end and into the new year, investors are showing appetite for structures and strategies from across the ILS and broader insurance and reinsurance universe, according to Stephan Ruoff, Head of Schroder Secquaero. “We see on the one end of the spectrum an exploitation play of a lot…
Read MoreBreaking down catastrophe bond & ILS issuance by year
We’ve developed a new chart with which you can analyse catastrophe bond and related insurance-linked securities (ILS) issuance by type of transaction and year. We hope you find it a useful new feature. This year has turned into a particularly active one for the catastrophe bond and related ILS market, with issuance already having surpassed…
Read MoreBest of Artemis, week ending 29th November 2020
Here are the ten most popular news articles, week ending 29th November 2020, 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. Ten most read articles on Artemis.bm,…
Read MoreILS funds reserve for COVID BI exposure on some European cat programs
Some insurance-linked securities (ILS) funds that invest in collateralised reinsurance contracts have been adding reserves for potential exposure to business interruption losses due to the COVID-19 pandemic in a handful of the major European catastrophe reinsurance programs, we understand. We’re told that these reserves have largely been set in October, with some in November, and…
Read MoreAustralia’s bushfire risk more focused on grasslands & crops this year due to La Niña
A forecast for Australian bushfire risk for the summer months of December 2020 through February 2021 suggests that forested areas could see normal levels of risk, while higher-risk is seen for grassland or crop growing areas of the south and in particular south east of the country. Australia suffered significant bushfires last summer, as tinder…
Read MoreTwelve Capital forecasts upward trajectory & growth for ILS in 2021
The insurance-linked securities (ILS) market is expected to continue to experience an upward trajectory next year, with growth in ILS allocations expected in 2021, according to investment manager Twelve Capital. Following a period where some redemptions have been seen due to the impacts and volatility in capital markets from the COVID-19 pandemic, Twelve Capital expects…
Read MoreRate rises + tighter terms + dislocation + quality cedes = higher ILS return potential
Insurance-linked securities (ILS) market return potential is on the rise and in some cases the portfolios constructed, or added to, at the January 1st 2021 reinsurance renewals, are going to have significantly higher return potential for their investors. The reasons for this are varied and the causes of this situation numerous. But there are a…
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