Cat bonds & related ILS hit $12.5bn, property cat bonds surpass $11.5bn YTD
According to Artemis’ Deal Directory data, which tracks issuances of catastrophe bonds and related insurance-linked securities, overall issuance year-to-date has already reached $12.5 billion, while issuance of Rule 144A property cat bonds alone is now above $11.5 billion in 2023. With another $400 million of notes from the North Carolina Farm Bureau’s Blue Ridge Re 2023-1 cat bond having […]
UCITS cat bond fund Index accelerates past 14% YTD. AUM recovers to $10bn
Catastrophe bond funds in the UCITS format have now delivered around 14% in returns year-to-date on average, while their assets under management as a group had recovered to more than $10 billion by the end of October 2023. The capital-weighted average return of the group of UCITS catastrophe bond funds tracked by Plenum Investments had […]
Insurance-linked securities a top choice in private assets: Schroders
Insurance-linked securities (ILS) are seen as one of the top choices for investors seeking diversification and to add performance to their portfolios, in the private assets category of investments, according to survey data from Schroders. With some 41% of surveyed investors saying private assets are now even more attractive, given the diversification benefits they provide, […]
Catastrophe bond market will set new issuance records in 2023
Annual global catastrophe bond and related insurance-linked securities (ILS) issuance is officially on-track to breach $14 billion for the first time ever in 2023, while traditional 144A property cat bond issuance will also reach a new record high, according to Artemis’ market data. Catastrophe bond issuance has already been exceptionally strong this year, with completed […]
Private ILS funds overtake cat bonds in ILS Advisers Index after September
Private ILS funds that allocate to collateralised reinsurance instruments other than catastrophe bonds, are now accelerating their 2023 returns over the group of pure cat bond funds in the Eurekahedge ILS Advisers Index after September’s results. Up to the end of August, the pure catastrophe bond funds tracked by the Index saw their 2023 returns running […]
CEA grows risk transfer program to $8.86bn, cat bonds still 24%
The California Earthquake Authority (CEA) increased its overall risk transfer and reinsurance protection through the middle of the year, lifting the program to almost $8.86 billion in size, with its catastrophe bonds making up a steady 24% of the total. Through the four months to end of August 2023, the California Earthquake Authority (CEA) added […]
Conditions primed for increased use of alternative reinsurance capital: GC’s Rousseau
Reinsurance market conditions are primed for an increasing turn towards alternatives, in sourcing capital and risk transfer solutions, according to Laurent Rousseau of Guy Carpenter. Speaking at an event in Baden-Baden yesterday, Rousseau, the CEO of Europe, Middle East & Africa and Global Capital Solutions at the reinsurance broker, explained that demand for alternative capital […]
ILS investments are about as attractive as ever right now: Schroders
The insurance-linked securities (ILS) market currently represents one of the most attractive markets in which to invest since the ILS market came into being, according to Doug Abbott, Head of UK Intermediary at Schroders. Abbot places insurance-linked securities (ILS), such as catastrophe bonds, as one of the four investment strategies he believes should not be […]
ILW customisability key to fund positioning, but demand declines slightly: CNR CEO
The ability to customise industry-loss warranties (ILW’s) is seen as a key trait in the reinsurance-linked asset that assists in the portfolio construction process, but demand for ILW protection has fallen slightly among reinsurers, according to the CEO of the City National Rochdale Select Strategies Fund. The slight decline in demand for industry-loss warranty (ILW) […]
ILS Asia 2023: Education still critical in relatively untapped region
Yesterday’s Artemis ILS Asia 2023 conference marked our first in-person return to Singapore and the Asian region since 2019 and while there are marked differences in the conversation surrounding insurance-linked securities (ILS) and the use of reinsurance capital, it is clear the region remains relatively untapped, on both an investment and risk basis. It has been […]