UBS to marginally increase cat bond allocations, says remain attractive on relative basis
In a volatile market environment when some hedge fund and alternative strategies have suffered, UBS Asset Management’s team sees catastrophe bonds as one asset class worth increasing allocations to, given it the carry they can provide remains relatively attractive compared to other investments in credit and fixed income. The UBS Unified Global Alternatives team, which […]
Blackstone multi-strat alternatives fund makes its second direct cat bond investment
Blackstone Alternative Asset Management, the hedge fund solutions unit of Blackstone, has now made a second direct investment into a catastrophe bond through one of its flagship muti-strat alternatives funds. Back in May 2025 we reported that the Blackstone Alternative Multi-Strategy Fund had made its first direct investment into a catastrophe bond, having previously only allocated […]
Hurricane Lala triggers Hawaii’s parametric coral reef insurance
The Nature Conservancy’s (TNC) Hawaiʻi parametric coral reef insurance policy will pay for damage assessment and reef repairs for the first time since it purchased the United States’ first such policy four years ago, following recent impacts from Hurricane Lala which brought dangerous flooding, strong winds and major power outages across the state. In 2022, WTW, […]
BTG Pactual sets up SSPE (Brazil ILS structure) to issue Letras de Risco de Seguro (LRS)
BTG Pactual, a major global investment bank and asset manager headquartered in Brazil, has established an insurance-linked securities (ILS) structure named BTG Pactual Sociedade Seguradora de Propósito Específico S.A. (BTG Pactual SSPE) to issue Letras de Risco de Seguro (Insurance Risk Letters), Brazil’s own-brand of ILS instrument. BTG Pactual becomes the fourth owner of an […]
Returns drive investor appetite, third-party reinsurance capital increasingly important: AM Best
Solid returns generated by the insurance-linked securities (ILS) market in recent years have encouraged investors to maintain or increase their allocations, leading rating agency AM Best to highlight third-party reinsurance capital as an increasingly important part of global reinsurance capacity. As we highlighted in a previous article, AM Best and reinsurance broker Guy Carpenter have raised […]
IRB (Re) renames special purpose insurer and LRS issuer Andrina, to become IRB (SSPE)
IRB (Re), the Brazilian reinsurance company, has renamed its special purpose insurer and issuer of Letra de Risco de Seguro, the local brand of insurance-linked securities, to align it with the group name, now becoming IRB (SSPE). IRB (Re) was the first sponsor of a structure under Brazil’s Sociedades Seguradoras de Propósito Específico (SSPE) regulations. […]
Hannover Re Capital Partners build-out continues, looking to broaden investor base
Hannover Re is continuing to build-out its Bermuda-based insurance-linked securities (ILS) platform Hannover Re Capital Partners in 2026, with funds deployed for partnering investors already, the team being strengthened and a goal to onboard more investors while establishing new structures to support a range of investment opportunities. The global reinsurance firm launched its Hannover Re […]
Cat bond yields indicate pricing normalisation rather than a structural shift: Euler ILS Partners
Catastrophe bond market yields may have declined over the last two years, but specialist Swiss insurance-linked securities investment manager Euler ILS Partners believes this is a normalisation, or a return to more historically normal pricing, rather than a structural shift in demand. The catastrophe bond market continued to expand through the second-quarter of 2026 and […]
ILS & cat bonds show impact investing can move beyond mitigation into resilience: Sage Advisory
A new report from Sage Advisory Services, the fixed income and alternative solutions manager, has highlighted that through ILS and catastrophe bonds’ ability to allocate capital across regions and perils, these instruments make a strong case for impact investing to move beyond mitigation and into resilience. The report, authored by Bob Smith, President and Co-Chief […]
QJS status could further enhance Cayman’s ILS and reinsurance appeal: Premier Ebanks
During a recent media briefing, Hon. Andre Ebanks, MP, Premier & Minister for Financial Services and Commerce, highlighted how the Cayman Islands’ application for US National Association of Insurance Commissioners (NAIC) Qualified Jurisdiction Status (QJS) could further boost the territory’s appeal for ILS, while also creating opportunity for the island to mature in the reinsurance […]