Private ILS funds outpace cat bond funds in 13.10% ILS Advisers Index 2024 return
Private ILS funds outpaced pure catastrophe bond funds in the full-year performance of the Eurekahedge ILS Advisers Index, while the average return across all of the insurance-linked securities (ILS) fund strategies tracked was 13.10% for 2024. 2024 was the second year running where the two categories of ILS investment funds were evenly paced through the first-half. […]
Underlying ILS capital expands in 2024 as investors reinvest earnings: AM Best
According to ratings agency AM Best, underlying insurance-linked securities (ILS) capital expanded throughout 2024 due to a large quantity of investors reinvesting their earnings across the market, which further expanded deployable ILS capacity. AM Best and reinsurance broker Guy Carpenter previously revealed that dedicated reinsurance capital grew by 6.9% over the course of 2024, however, alternative […]
SBAI releases new consultation on valuation standards for private market asset managers
The Standards Board for Alternative Investments (SBAI), custodian of the Alternative Investment Standards, has announced that it has published a new consultation paper (CP5), containing proposed new standards related to valuation of private market assets. According to the announcement, SBAI’s proposed changes aim to ensure that the Standards “remain relevant and aligned with developments across […]
Two occurrence cat bonds believed affected by LA wildfires: Twelve Capital
Specialist insurance-linked securities (ILS) manager Twelve Capital has said that it believes two per-occurrence catastrophe bond structures are likely affected by the loss impact of the Los Angeles, California wildfires at this stage, while the impact of aggregate erosion for other cat bonds is still being assessed. Twelve Capital bases its latest assessment on the […]
AXCO: Is ILS regulation keeping pace?
The catastrophe bonds (cat bonds) market, the vast majority of the insurance-linked securities (ILS), has experienced substantial growth in recent decades, driven by increased (re)insurer demand for alternative risk transfer solutions and investor appetite to diversify their investment portfolios. According to market statistics, cat bonds issuance increased more than sevenfold between 2003 and 2023. There […]
PGGM / PFZW ILS portfolio returns 15.1% in 2024. AUM flat in Q4 at ~US $8.68bn
The insurance-linked securities (ILS) and reinsurance investments portfolio of Dutch pension PFZW, which is managed by pension investment firm PGGM, delivered a 15.1% return for full-year 2024, while in asset terms the allocation was a little down year-on-year but flat through the fourth-quarter. The latest figure for assets under management, of what is the largest […]
Hannover Re secures upsized $200m aggregate retro from 3264 Re 2025 cat bond
Hannover Re has now secured its upsized target for $200 million of retrocession covering worldwide peak perils on an annual aggregate basis, from its new 3264 Re Ltd. (Series 2025-1) cat bond transaction, Artemis has learned. The reinsurance company ventured back to the cat bond market earlier this month, with an initial target to secure $175 million in […]
Swiss Re prices Matterhorn Re 2025-1 cat bond for $210m retro at reduced spreads
Swiss Re has now secured $210 million in North American earthquake and named storm retrocessional reinsurance protection from capital market investors through its new Matterhorn Re Ltd. (Series 2025-1) catastrophe bond, while both tranches of notes have priced at the bottom of reduced guidance, Artemis has learned. Swiss Re returned to the cat bond market with what is […]
Larger ILS market to offer broader risk management, more diversification: Jefferies
With the catastrophe bond and insurance-linked securities (ILS) market expected to continue growing by analysts at investment bank Jefferies, they say that this will necessitate a continued expansion further into new and secondary perils, to offer broader risk management for re/insurers and an increasingly diversified investment choice for allocators. In a recent report, the Jefferies […]
ILS market growth, attractive allocation opportunities expected in 2025: LGT Capital Partners
LGT Capital Partners believes that 2025 should see continued growth of the insurance-linked securities (ILS) asset class, as well as attractive allocation opportunities, against a backdrop of rising demand for protection across the insurance and reinsurance industry. This rising demand for protection is being met by an increased supply of capacity, but LGT Capital Partners […]