Evolving cat models & shifts in climate driving attraction towards ILS: Twelve Securis
According to Twelve Securis, the specialist insurance-linked securities (ILS) manager, the combination of advancements being seen in catastrophe modeling, along with shifting climate patterns, and the ability to generate uncorrelated returns, is making ILS an increasingly attractive investment amid a rapidly changing risk landscape. Twelve Securis was formed in February following the completion of the […]
EU public-private reinsurance scheme would play ‘active role’ in narrowing protection gap: Morningstar
Mario De Cicco, Vice President of Global Insurance & Pension Ratings, and Marcos Alvarez, Managing Director of Global Financial Institution Ratings at Morningstar, a provider of independent investment research and financial data, explore the growing insurance protection gap in Europe caused by climate-driven natural catastrophes. Drawing on insights from the European Insurance and Occupational Pensions Authority […]
Future of cyber ILS market hinges on evolving to meet challenges: Gallagher Securities
According to Gallagher Securities, the specialist insurance-linked securities (ILS) and investment banking arm of reinsurance broker Gallagher Re, the future of the cyber ILS market is not a question of growth, but rather how quickly the market can evolve to meet evolving opportunities and challenges. As the cyber ILS market continues to expand, with a […]
TWIA sets PML at $6.227bn for 2025, to require $4.227bn of reinsurance & cat bonds
The Board of the Texas Windstorm Insurance Association (TWIA) met today and one item up for discussion was the setting of the 1-in-100 year probable maximum loss (PML), a critical figure for defining its funding needs for the hurricane season and therefore its purchases of reinsurance and catastrophe bonds for 2025. With reinsurance costs having […]
2024 ‘another marquee year of returns’ for cat bond managers: Kepler
Catastrophe bond managers produced “another marquee year of returns” in 2024 and once again experienced a strong 12 months of inflows, according to analysis by Kepler Absolute Hedge, a research and data-led provider of insight into hedge fund strategies. All in all, across the wider alternative UCITS investments fund space, assets under management (AUM) declined […]
Cyber cat bonds one source for alternative reinsurance capacity growth in 2025: Fitch
Fitch Ratings, a provider of credit ratings, research, and risk analysis, expects to see a further expansion of alternative reinsurance capacity in 2025, supported by cyber catastrophe bond issuances, which will add to the reinsurance sector’s capital base and help absorb earnings volatility. Looking back at 2024, three cyber cat bonds were introduced to the […]
Alternative capital to reach new heights, fills gaps left by traditional: S&P
With alternative capital in the reinsurance industry standing at a record $113 billion in 2024, analysts at S&P Global Ratings projects that it will continue to reach new heights in 2025, as it fills gaps left by traditional capital. According to insurance and reinsurance broking group, Aon, global reinsurance capital reached an all-time high of […]
Investing in ILS the right decision. Buying every cat bond less advisable: Icosa
While allocating capital into the insurance-linked securities (ILS) sector is “certainly the right decision for asset allocators” at this time, manager Icosa Investments cautions that with some challenges in the sector it is not advisable for cat bond fund managers to buy everything in the asset class. Icosa Investments commented on some of the “challenges […]
Elementum launches Njord Cat Bond Fund, with higher-yield US wind-focus
Elementum Advisors, LLC, the alternative investment manager that specialises in collateralized natural catastrophe event reinsurance investments, has announced the launch of a new higher-yield focused, multi-investor catastrophe bond fund strategy. The Elementum Njord Cat Bond Fund, Ltd. was launched on February 15th and will have a focus on investments into higher-risk premia US wind catastrophe […]
Man AHL planning to launch UCITS catastrophe bond fund strategy
Man Group, a global independent alternative and active investment management firm, has made an application to establish a UCITS catastrophe bond fund under its Man AHL brand, Artemis has learned from sources. Man Group already invests in catastrophe bonds across alternative investment funds under its Man AHL arm, the unit that has a focus on […]