Twelve Capital lifts ILS assets 11% to $3.1bn in Q1 2023
Catastrophe bond, insurance-linked securities (ILS) and reinsurance investment manager Twelve Capital has grown its asset base through the first-quarter of 2023, reaching a new level of $4.2 billion of firm-wide assets under management. Given the firm invests across a number of areas of the insurance and reinsurance balance-sheet, including debt and equities, as well as […]
ECB & EIOPA call for EU cat bond issuance platform
A new paper from the European Central Bank (ECB) and the European Insurance and Occupational Pensions Authority (EIOPA) highlights the potential for increased use of catastrophe bonds to support the overall supply of catastrophe insurance across the European Union (EU), as climate change threatens to widen the protection gap. According to the joint discussion paper, […]
ESMA said not in discussion on cat bond eligibility for UCITS funds
For a few weeks now we’ve been hearing rumours and receiving messages from contacts related to the fact the European Securities & Markets Authority (ESMA), a financial regulator, had restarted an exploration of catastrophe bonds and whether they should be an eligible asset for UCITS investment funds. Previously, the European Securities & Markets Authority (ESMA), […]
