Investing in ILS the right decision. Buying every cat bond less advisable: Icosa
While allocating capital into the insurance-linked securities (ILS) sector is “certainly the right decision for asset allocators” at this time, manager Icosa Investments cautions that with some challenges in the sector it is not advisable for cat bond fund managers to buy everything in the asset class. Icosa Investments commented on some of the “challenges […]
Twelve Securis merger completes, creating one of the largest ILS managers with $8.5bn
Twelve Securis has been established with $8.5 billion of assets under management (AUM) making the newly branded and combined ILS manager one of the largest in the sector, after the merger of Twelve Capital and Securis Investment Partners has now completed. Twelve Capital and Securis Investment Partners had originally announced their intention to merge in July […]
Hannover Re lifts retrocession cover to €1.2bn for 2025 as K-Cessions sidecar shrinks again
Global reinsurer Hannover Re increased its natural catastrophe retrocession protections at the January 1st, 2025, reinsurance renewals by EUR 100 million to a little more than EUR 1.2 billion, with growth in the aggregate excess of loss and whole account excess of loss covers more than offsetting a reduced K-Cessions sidecar for the year. This […]
LA wildfires trigger cat bond market’s first-ever negative January return: Icosa
Recent estimates suggest that insured losses from the Los Angeles, California wildfires could be higher than anticipated. As a result, catastrophe bond prices are showing signs of weakness, with the market’s benchmark recording its first-ever negative January return since its inception over two decades ago, according to cat bond fund manager Icosa Investments AG. With […]
LA wildfires trigger cat bond market’s first-ever negative January return: Icosa
Recent estimates suggest that insured losses from the Los Angeles, California wildfires could be higher than anticipated. As a result, catastrophe bond prices are showing signs of weakness, with the market’s benchmark recording its first-ever negative January return since its inception over two decades ago, according to cat bond fund manager Icosa Investments AG. With […]
“Breakthrough” parametric ILS fund is “capacity for profitable growth” – GC&C / Descartes
The launch yesterday of the Lumyna – Twelve Capital Parametric ILS Fund, a dedicated parametric insurance and insurance-linked securities (ILS) investment strategy managed by ILS manager Twelve Capital, is a “breakthrough” in the parametric space and provides “capacity for profitable growth”, senior execs at GC&C and Descartes Underwriting said. The Lumyna – Twelve Capital Parametric […]
Hannover Re vehicle Kaith Re issues $84m Seaside Re 2025 private cat bonds
Kaith Re Ltd., the transformer vehicle owned by global reinsurance firm Hannover Re, has issued seven series of private catastrophe bond notes, all Seaside Re (Series 2025), for a total of $84 million of notes sold to investors. Hannover Re remains a key facilitator to ILS market participants and its clients, through the matching of […]
AXCO: Despite Strong Growth in the Catastrophe Bonds Market, Something Seems to be Missing
The catastrophe bonds (cat bonds) market, the vast majority of the insurance-linked securities (ILS), has experienced substantial growth in recent decades, driven by increased (re)insurer demand for alternative risk transfer solutions and investor appetite to diversify their investment portfolios. According to market statistics, cat bonds issuance increased more than sevenfold between 2003 and 2023. There […]
Two occurrence cat bonds believed affected by LA wildfires: Twelve Capital
Specialist insurance-linked securities (ILS) manager Twelve Capital has said that it believes two per-occurrence catastrophe bond structures are likely affected by the loss impact of the Los Angeles, California wildfires at this stage, while the impact of aggregate erosion for other cat bonds is still being assessed. Twelve Capital bases its latest assessment on the […]
AXCO: Is ILS regulation keeping pace?
The catastrophe bonds (cat bonds) market, the vast majority of the insurance-linked securities (ILS), has experienced substantial growth in recent decades, driven by increased (re)insurer demand for alternative risk transfer solutions and investor appetite to diversify their investment portfolios. According to market statistics, cat bonds issuance increased more than sevenfold between 2003 and 2023. There […]