Tenax Capital’s UCITS cat bond fund returns 17.9% net in 2023
Demonstrating the strong performance of catastrophe bond investments in 2023, Tenax Capital, the London based hedge fund investment manager that operates a UCITS cat bond strategy, is reporting a 17.9% net return in EUR for its fund for 2023. Tenax Capital explains that this represents “a record performance in a record year,” for the firm […]
Alternative capital surpasses $100bn in 2023, cat bond market hits all-time high: Aon
Aon’s Reinsurance Market Dynamics report reveals that 2023 witnessed an unprecedented surge in the utilisation of alternative capital, marking the sector’s best performance in over two decades. The report underscores the increasing reliance on alternative capital, with a notable milestone of crossing the $100 billion threshold for the first time, signaling a 7% increase from […]
Alternative capital hits record $103bn, delivers best performance ever: Aon
Alternative reinsurance capital, largely deployed in insurance-linked securities (ILS) formats, saw strong growth in the third-quarter of 2023 to end that period at a record high of $103 billion, while for the full-year ILS structures have delivered the best performance in their 20+ year history, broker Aon has said. The last data from the insurance […]
ILS capital outpaced AM Best / Guy Carpenter forecast to hit $100bn in 2023
Earlier this year, rating agency AM Best and reinsurance broker Guy Carpenter had projected that third-party capital in reinsurance, so alternative capital or insurance-linked securities (ILS) market capacity, would end 2023 at $99 billion, but the market has actually outpaced this forecast. Now, Guy Carpenter has reported that the latest estimate from it and AM […]
Very attractive ILS returns expected through coming years: SIGLO
The insurance-linked securities (ILS) marketplace is expected to remain an attractive place to deploy capital over the coming years, with “very attractive” returns expected to persist, according to SIGLO Capital Advisors AG. The Swiss based alternative asset advisory specialist that has an insurance-linked securities (ILS) practice believes that while an equilibrium may be found, in […]
World Bank cat bond potential: Jamaica, Mexico, Colombia, Peru & Caribbean wide
After it was reported that the World Bank targets a significant increase in the use of catastrophe bonds by its client countries, already a number of potential future World Bank cat bond deals are being discussed. It was Bloomberg that first reported this quarter that the World Bank hopes to increase the volume of catastrophe […]
Cat bond funds can see double-digit returns in 2024: Plenum
Plenum Investments AG, the Zurich-based specialist insurance-linked securities (ILS) and catastrophe bond investment manager, believes that performance for catastrophe bond funds should remain in the double-digits in 2024, at least for USD denominated cat bond fund strategies. That’s for the ILS fund managers lower-volatility, flagship Plenum CAT Bond Fund as well, showing the confidence the […]
Cat bond market shouldn’t give “free-ride” to secondary perils: Tenax
The catastrophe bond market needs to price appropriately for so-called secondary perils and stop giving them a “free-ride”, as there is a need to continue offering this type of typically frequency or aggregate style reinsurance protection, but investors must be adequately compensated for it, Tenax Capital has said. “For insurance to fulfil its social mandate […]
ILS funds are best performing hedge funds of 2023: Preqin
At a time when assets under management (AUM) have been climbing across alternative investment strategies and investors are carefully assessing their allocations and attracted to diversifying assets, the insurance-linked securities (ILS) niche has come out as top performer of the hedge fund world, Preqin has said. The macro backdrop, which now sees investors actively seeking […]
ILS funds are best performing hedge funds of 2023: Preqin
At a time when assets under management (AUM) have been climbing across alternative investment strategies and investors are carefully assessing their allocations and attracted to diversifying assets, the insurance-linked securities (ILS) niche has come out as top performer of the hedge fund world, Preqin has said. The macro backdrop, which now sees investors actively seeking […]