Parametric risk transfer interest drives innovation, but consolidation possible
Rising interest in parametric insurance and risk transfer has resulted in an influx of investor capital into the space, the development of new MGA’s and capacity, as well as new technology platforms. While this is driving innovation in the parametric risk transfer space, the market is only so big for parametric products at the moment […]
Arkansas Teacher pension fund ILS allocation drops to $220m
The Arkansas Teacher Retirement System, a state pension fund that provides retirement solutions to Arkansas education professionals, has seen its allocation to insurance-linked securities (ILS) shrink to roughly 1% of the fund, falling to $220 million. That’s down from a high of almost $290 million at the end of 2019 and $267 million at the […]
Divergent execution a sign of a mature ILS market: Swiss Re
Catastrophe bond and insurance-linked securities (ILS) market execution through 2021 was not uniform, which global reinsurance firm Swiss Re highlights is a sign of the market becoming increasingly mature. As you’d expect, the catastrophe bond market in particular is maturing fast and the way deals execute, as well as how they price both in primary […]
Cat bond momentum has carried over into 2022
Market momentum for catastrophe bonds continued through the first quarter after last year’s record new issuance. More than $3 billion of coverage has been issued in the 144A cat bond sectors since the beginning of the year, said Philipp Kusche, New York-based global head of ILS and capital solutions for TigerRisk Partners Inc. That follows […]
USAA targets $375m+ Residential Re 2022-1 aggregate cat bond
USAA, the U.S. primary mutual insurer, is sponsoring a $375 million plus aggregate catastrophe bond transaction, with a Residential Reinsurance 2022 Limited (Series 2022-1) deal being marketed to cat bond funds and investors. This is USAA’s regular May sponsorship of an annual aggregate catastrophe bond, as the insurer continues to place the capital markets at the […]
Catastrophe bond market hits new high on busy start to 2022: Report
The outstanding market for catastrophe bonds and related insurance-linked securities (ILS) reached a new all-time high at the end of the first-quarter of 2022, as a busy start to the year took Artemis’ measure of the sector to $37.5 billion. This is according to the latest quarterly report on the catastrophe bond and related insurance-linked securities […]
PGGM ILS portfolio at ~$8.2bn, as Aeolus, SCOR & Nightingale Re added
PGGM, the Dutch pension fund investment manager that continues to be the largest single investor in the insurance-linked securities (ILS) market, increased its ILS portfolio to roughly US $8.2 billion, while adding new mandates with Aeolus, SCOR and a managed account structure named Nightingale Re. PGGM’s ILS portfolio reached EUR 7.2 billion at the end […]
One of the best entry opportunities to catastrophe bonds: Ramseier, Twelve
Current market conditions make allocating to the catastrophe bond asset class a particularly attractive prospect for investors at this time, according to Twelve Capital Founding Partner & Group CIO, Dr. Urs Ramseier. In a letter, Ramseier sets out the Twelve Capital view on the current geopolitical landscape, and how the invasion of Ukraine by Russia […]
Healthcare of Ontario Pension Plan (HOOPP) grows ILS allocation 31% in 2021
The Healthcare of Ontario Pension Plan (HOOPP), a large Canadian institutional retirement fund, has expanded its investment allocation to insurance-linked securities (ILS) by roughly 31% in 2021, taking it to C$721 million (approx. US $575m). The Healthcare of Ontario Pension Plan (HOOPP) began investing into insurance-linked securities (ILS), largely via insurance-linked funds as well as […]
Healthcare of Ontario Pension Plan (HOOPP) grows ILS allocation 31% in 2021
The Healthcare of Ontario Pension Plan (HOOPP), a large Canadian institutional retirement fund, has expanded its investment allocation to insurance-linked securities (ILS) by roughly 31% in 2021, taking it to C$721 million (approx. US $575m). The Healthcare of Ontario Pension Plan (HOOPP) began investing into insurance-linked securities (ILS), largely via insurance-linked funds as well as […]