Hannover Re whole account retro renews risk-adjusted flat, with Liberty lead
Artemis has learned that Hannover Re’s key whole account catastrophe excess-of-loss retrocession renewal was completed with pricing flat on a risk-adjusted basis, as higher exposure levels for large retro towers were met with comparably higher rates, resulting in roughly flat outcomes at January 1st. We’re told that Liberty Mutual was the lead market for the […]
Catastrophe bond funds UCITS average 16% return for 2023
Catastrophe bond fund strategies in the UCITS format have delivered an impressive almost 16% average return for the full-year 2023, rising every single month during the period and setting a new record for this popular segment of the cat bond fund space. The Plenum Investments Index that tracks the returns of catastrophe bond funds in […]
ILS fund Index sets new annual record, hits 13.33% return after 11-months
With one month still to be counted, the Eurekahedge ILS Advisers Index has already a new record high annual return in 2023, as the average return of the insurance-linked securities (ILS) funds tracked rose to almost 13.3% after November. The previous high for the annual return of the Eurekahedge ILS Advisers Index, which tracks a basket […]
Swiss Re cat bond index hits record 19.69% total-return for 2023
The total-return of the outstanding catastrophe bond market in 2023 reached a record level of 19.69%, according to full-year data from the Swiss Re Cat Bond Performance Indices. While the Index failed to reach the magic 20% mark by the end of the year, it has still set an extremely high bar in 2023 for […]
Tenax Capital’s UCITS cat bond fund returns 17.9% net in 2023
Demonstrating the strong performance of catastrophe bond investments in 2023, Tenax Capital, the London based hedge fund investment manager that operates a UCITS cat bond strategy, is reporting a 17.9% net return in EUR for its fund for 2023. Tenax Capital explains that this represents “a record performance in a record year,” for the firm […]
Alternative capital surpasses $100bn in 2023, cat bond market hits all-time high: Aon
Aon’s Reinsurance Market Dynamics report reveals that 2023 witnessed an unprecedented surge in the utilisation of alternative capital, marking the sector’s best performance in over two decades. The report underscores the increasing reliance on alternative capital, with a notable milestone of crossing the $100 billion threshold for the first time, signaling a 7% increase from […]
International (non-US) insured catastrophe losses reached $16.7bn in 2023
The CRESTA organisation, that tracks international insurance industry losses outside the United States, has estimated the full-year 2023 loss at US $16.7 billion, which it notes is slightly below the annual average. This figure only included insured catastrophe loss events from a threshold of US $1 billion and Cresta highlights that there are other events […]
Alternative capital hits record $103bn, delivers best performance ever: Aon
Alternative reinsurance capital, largely deployed in insurance-linked securities (ILS) formats, saw strong growth in the third-quarter of 2023 to end that period at a record high of $103 billion, while for the full-year ILS structures have delivered the best performance in their 20+ year history, broker Aon has said. The last data from the insurance […]