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 […]
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 […]