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 […]
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) […]