Plenty of headroom left in higher reinsurance attachments, despite inflation: J.P. Morgan
Equity analysts from investment bank J.P. Morgan came away from a recent visit to companies in the London insurance and reinsurance market with the impression that underwriters feel there is plenty of headroom left in the higher attachment points still installed across the sector, despite inflationary influences on losses. “We came away from the tour […]
ILS fund return dispersion high again in Feb, on CA wildfire & Helene flood losses: ILS Advisers
The ILS Advisers Fund Index has reported a +0.17% return for February 2025, but the company has highlighted a second consecutive month where there was a broad dispersion between ILS fund returns and performance, as effects from losses due to the California wildfires continued to flow through the market. In addition to the wildfire related negative performance […]
ILS appeal lies in being the only truly uncorrelated asset class: Gibson, Schroders Capital
Insurance-linked securities (ILS) continue to stand out as a compelling asset class, not just for their strong returns, but for their unique ability to remain uncorrelated with broader financial markets, according to Mark Gibson, Senior Investment Director, ILS, at Schroders Capital. The Swiss Re Global Cat Bond Index posted record gains of 17.3% in 2024 […]
Cat bonds move up to contribute 32% of CEA’s smaller still $7.72bn reinsurance tower
As the California Earthquake Authority (CEA) risk transfer needs have been adjusting and its reinsurance tower shrinking, catastrophe bonds now make up almost 32% of the total as of February 28th 2025. The CEA’s risk transfer tower had sat at just over $9.15 billion of limit as recently as following the June 2024 reinsurance renewal season, but […]
SCOR targets $200m Atlas Capital 2025-1 multi-peril catastrophe bond
France-headquartered global reinsurance company SCOR is back in the catastrophe bond market seeking $200 million or more in fully-collateralized retrocession from an Atlas Capital DAC (Series 2025-1) issuance, Artemis has learned. This new Atlas Capital DAC Series 2015-1 catastrophe bond will be the nineteenth from SCOR to use the Atlas name and the twentieth cat bond from […]
Cat bonds attractive. Elevated risk premia, robust demand could drive record issuance: Kepler
The catastrophe bond market continues to present a compelling investment opportunity, with elevated risk premiums, strong demand from insurers and investors, and favourable pricing dynamics likely to drive record issuance in 2025, according to analysis by Kepler Absolute Hedge, a research and data-led provider of insight into hedge fund strategies. Cat bonds delivered strong returns […]
Florida State Board considers specialty, casualty, cyber ILS opportunities
Having previously said it was researching how to expand its insurance-linked securities (ILS) allocations beyond natural catastrophe risk, at a recent meeting executives of the Florida State Board of Administration explained that specialty lines, as well as casualty and cyber risks could be in scope for the large ILS allocator. The Florida State Board of […]
Technology to drive growth in parametric ILS market: Ramseier, Twelve Securis
Urs Ramseier, Chief Executive Officer of insurance-linked securities (ILS) manager Twelve Securis, expects significant growth in the parametric ILS market as technological advances enhance data quality, modelling, and trigger precision, creating new opportunities for business interruption coverage and protection where traditional insurance and reinsurance solutions are lacking. At the Artemis ILS NYC 2025 conference, AM […]
Cat bonds compelling, but often overlooked by fixed income managers: King Ridge
According to a new report from King Ridge Capital Advisors (KRCA), catastrophe bonds are offering more opportunities for bond and multi-asset fund managers to diversify their portfolios, reduce correlations and improve risk-adjusted returns. “Fixed income securities have long been a foundational building block of conservative investment strategies, providing stability and predictability. In recent years, consistently […]
Healthcare of Ontario Pension Plan (HOOPP) grows ILS 39% in 2024 to US $1.32bn
The Healthcare of Ontario Pension Plan (HOOPP), a large Canadian institutional retirement fund, has expanded its investment allocation to insurance-linked securities (ILS) by approximately 39% in 2024, lifting its investments in the ILS market to approximately US $1.32 billion. The $123 billion pension fund has been allocating to insurance-linked securities (ILS), including catastrophe bonds and […]