Reinsurance returns still strong, growth a rational view: J.P. Morgan
Returns in the reinsurance market are still strong despite softening at recent renewals and this is driving some reinsurers to seek out growth while the opportunity remains, which analysts at J.P. Morgan call a rational view. Traditional reinsurance firms have been building their reserve buffers through the hard market for just such an eventuality, a […]
Hannover Re fronted more collateralised reinsurance participations for investors in 2024
Hannover Re’s insurance-linked securities (ILS) market facilitation activities continued to expand in 2024, with the number of collateralised reinsurance participations fronted for investors rising, while its catastrophe bond fronting also grew to a new record level. Hannover Re has been active in the insurance-linked securities (ILS) market for many years, as sponsor of securitized risk […]
Rochdale ILW & cat bond fund returns 11.77% with only modest catastrophe impacts
The City National Rochdale Select Strategies Fund, a mutual insurance-linked securities (ILS) strategy focused on industry loss warranties (ILWs) and catastrophe bonds, delivered a net return of 11.77% for the year ended January 31, 2025. While down from the 15.58% return recorded the previous year, 2024’s performance still marked a second consecutive year of strong, […]
Cat bond market records continue to fall as issuance accelerates in 2025
Catastrophe bond market issuance has already set a new record for the first-four months of the year in 2025, even with half the month of April still to run and billions more in issuance scheduled to settle before May, which has the potential to make this the busiest four-month stretch ever for the sector. The […]
AP2 ILS portfolio rises to $1.1bn, exceeds long-term return expectations in 2024
AP2, or Andra AP-fonden, a Swedish state pension fund that is one of the largest in Europe at SEK 459 billion under management, saw its insurance-linked securities (ILS) allocation rise in value to around US $1.1 billion by the end of 2024, with the ILS asset class exceeding its long-term return expectations last year. AP2 […]
UCITS cat bond funds average 1.38% return for Q1 2025. Low-risk strategies led the way
The average return of UCITS catastrophe bond fund strategies was 1.38% for the first-quarter of 2025, according to the Plenum CAT Bond UCITS Fund Indices. But lower-risk cat bond funds led the way by averaging 1.50% for the period as a group, as they generally had less exposure to the California wildfire cat bond mark-downs. March […]
City of Zurich Pension gets 9.2% return from ILS, allocates to Tangency Capital & Integral
The City of Zurich Pension Fund has continued to expand its activities as an investor in insurance-linked securities (ILS), growing the size of its investment to now in excess of US $1.15 billion, while adding new allocations to ILS managers Integral ILS and Tangency Capital in the last year. When we last reported on the City […]
Peak Re adds China / India parametric quake to second Black Kite Re catastrophe bond
Hong Kong headquartered global reinsurance company Peak Re is back in the catastrophe bond market, with a target to secure $50 million or more in retrocession from this Black Kite Re Limited (Series 2025-1) issuance across a broader range of perils than its first cat bond covered. Peak Re’s debut catastrophe bond in 2022 secured the company […]
UCITS catastrophe bond funds grew 11% to record-high $15.3bn AUM in Q1 2025
Catastrophe bond funds in the UCITS format accelerated their growth in the first-quarter of 2025, with cat bond assets under management across the now seventeen UCITS cat bond fund strategies growing 11% to reach a new record-high of just under $15.3 billion. UCITS catastrophe bond funds had been growing strongly last year, hitting a new high […]
Alternative capital the main source of inflow to reinsurance in 2024: Gallagher Re
As alternative reinsurance capital, from catastrophe bonds and other non-life insurance-linked securities (ILS) structures, grew to a new high of US $114 billion by the end of 2024, Gallagher Re notes that it was the main source of capital inflow to the reinsurance market last year. While traditional reinsurance capital also grew in 2024, to […]
