Record $15bn+ cat bond issuance in 2023 helps stabilise reinsurance: Swiss Re
With 2023 on-track to set a new record high for catastrophe bond issuance of over $15 billion, global reinsurer Swiss Re has explained how investor appetite is driving this trend and that the capital flows are helping to stabilise the reinsurance market. However, Swiss Re also believes that the rotation in insurance-linked securities (ILS) will […]
South Korea urged to consider insurance-linked securities (ILS) regulatory framework
The government of Korea has been urged to implement and adopt an insurance-linked securities (ILS) regulatory framework to enhance its domestic insurance marketplace and enable access to the capital markets for additional risk capital and reinsurance. Researchers from the Korea Insurance Research Institute (KIRI) have spotted the success countries including Singapore and Hong Kong have […]
Hong Kong government pushes for more ILS and cat bond activity
At a recent event held in the city, speakers representing the government of the Hong Kong Special Administrative Region (HK SAR) of the People’s Republic of China were keen to promote the development of its insurance-linked securities (ILS) market offering and to attract more catastrophe bond business. With its ILS regulatory regime and ILS grant […]
CEA reinsurance program grows, cat bonds now 25%. Targets $2.2bn Jan renewal
The California Earthquake Authority (CEA) increased the size of its overall risk transfer and reinsurance program up to November 1st, hitting that date with $9.26 billion in-force, as part of which the CEA’s catastrophe bonds had increased their share. Of the $9.26 billion of reinsurance and risk transfer in-force at November 1st 2023, the CEA’s […]
LGT ILS Partners confident pricing will remain at attractive levels into 2024
LGT ILS Partners, the specialist dedicated insurance-linked securities (ILS) investment unit of the private bank and asset manager LGT Capital Partners, is confident that market conditions are going to remain attractive into 2024, even expecting some marginal price increases in certain areas of the reinsurance renewals. LGT ILS Partners has experienced “robust performance” across its […]
ILS fund Index set for record year, average return hits 12.28% after October
The Eurekahedge ILS Advisers Index is set to achieve a record high annual return in 2023, as a strong showing in October has taken the average return of the insurance-linked securities (ILS) funds it tracks to 12.28% for the first ten months of this year. Private ILS fund strategies, so those that allocate capital to collateralised […]
Swiss Re’s alternative capital fees soar to $174m, third-party AUM hits $3.3bn
The Alternative Capital Partners (ACP) division of global reinsurance giant Swiss Re has seen continued success in fundraising in recent months, with third-party capital under management rising to $3.3 billion over the course of the third-quarter. The rising level of third-party investor assets under management (AUM), at the alternative reinsurance capital and insurance-linked securities (ILS) […]
Finding ILS managers with proper capital reserving techniques crucial: Cambridge Associates
According to Joe Tolen, Investment Director in the Credit Investment Group at Cambridge Associates, one of the crucial elements of insurance-linked securities (ILS) manager selection is the ability to “identify managers with appropriate capital reserving techniques, necessary in the immediate aftermath of large catastrophic events.” In a recent report for Cambridge Associates, Tolen wrote that […]
ILS stands-out in private assets, still the least correlated strategy: Rode, Schroders Capital
Insurance-linked securities (ILS) are a stand-out asset class within the private assets segment, according to Nils Rode, Chief Investment Officer, Private Assets, Schroders Capital, who said yesterday that the ILS investment environment remains one of the best ever. Speaking during an event yesterday, in which experts from asset manager Schroders gave their investment outlooks for […]
ADB moots issuing cat bonds, as it proposes CAREC disaster insurance facility
The Asian Development Bank (ADB) has drawn up a plan for implementation of a disaster risk insurance facility for the Central Asia Regional Economic Cooperation (CAREC) countries, for which insurance-linked securities (ILS) would be seen as an important source of reinsurance capacity and it has even mooted issuing them itself. The member countries to the […]