Insurance-linked securities and reinsurance sidecar investments made by Eaton Vance through three of its mutual funds have risen significantly in the last half-year, increasing by more than 126% to reach almost $680 million by April 30th, with brand new allocations made to structures linked to Arch Capital, PartnerRe and QBE, as well as to one unknown entity.
Eaton Vance, part of Morgan Stanley Investment Management, has been allocating to certain insurance-linked securities (ILS) funds, segregated accounts and reinsurance sidecars from three of its mutual fund portfolio strategies for a while now.
When we last reported on these ILS and reinsurance sidecar allocations, the Eaton Vance mutual funds had seen positive value accrued under these investments, while the holding value of the ILS positions had reached just over $300 million at October 31st 2025.
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