Category: Partners & Alumni

Swiss Re’s alternative capital fee income rises 68% to $195m in 2023

Swiss Re’s specialist insurance-linked securities (ILS) and third-party reinsurance capital management division, Alternative Capital Partners (ACP), has reported a 68% increase to its fee income earned for the full-year 2023, reaching $195 million. With third-party investor assets under management (AUM), at the alternative reinsurance capital and insurance-linked securities (ILS) focused unit of Swiss Re, having […]

Philippe Trahan leaves Ontario Teachers’ Pension Plan (OTPP) in re-org

One of the longest-standing end-investor allocators to the insurance-linked securities (ILS) market has left his employer, as a re-organisation at the Ontario Teachers’ Pension Plan (OTPP) sees its Managing Director of ILS Philippe Trahan departing the organisation. The Ontario Teachers’ Pension Plan (OTPP) was an early move into the ILS investments space back in 2005 […]

ARC gets US Gov backing to expand parametric insurance capacity in Africa

African Risk Capacity Limited (ARC Ltd.), the financial affiliate and underwriting entity of the African Risk Capacity (ARC) Group, has entered into a landmark US $11.7 million partnership with the United States Government, to help expand access to parametric insurance and increase the size of its risk pool. The goal is to further safeguard food […]

Family offices leaning into insurance for diversification. So is KKR: McVey

Family office investors are increasingly leaning into allocations to the insurance sector as they seek out sources of diversification and relatively uncorrelated returns, something that investment giant KKR has been doing itself, according to the firm’s Henry McVey. For KKR, insurance is an area of investment designed to expand its business from a strategic standpoint, […]

Cyber cat bonds issued so far “highly correlated” with each other: Plenum

While the catastrophe bond market cheered the emergence of cyber cat bonds in 2023, fund manager Plenum Investments has offered a note of caution, saying that as they all cover cyber loss events that would be in the far tail, they are all correlated with little diversification on offer between them. As a result, Plenum […]

Augment Risk launches dedicated insurance-linked securities (ILS) division

Risk capital and reinsurance solutions broker Augment Risk has launched a dedicated insurance-linked securities (ILS) offering, as it looks to break into the market for matching insurance risk with institutional capital. The company has hired Thad Hall to lead this new offering as Partner, Head of ILS Solutions at Augment Risk. Hall was most recently […]

Our Programme was shortlisted for the AXCO’s Global Insurance Awards’24

Phoenix CRetro is delighted to be shortlisted for the Axco Global Insurance Awards in the Best Training Initiative in Global Risk category. Now its 2nd year, the Axco Global Insurance Awards celebrate the outstanding achievements, innovation and collaboration of the insurance ecosystem managing complex global risk. Following a thorough judging process, Phoenix CRetro was shortlisted, […]

Descartes expands parametric solutions beyond cat, with first cyber offering

Demonstrating its appetite to deliver parametric insurance and data-driven risk transfer solutions beyond natural catastrophe, weather and climate risks, specialist Descartes Underwriting has launched its first parametric cyber offering. The company said today that it intends to build on its successful parametric offerings, which have been naturally focused on catastrophe related risks, to offer solutions […]

Hedge Funds Rake in Huge Profits Betting on Catastrophe Risk

Insurance-linked securities behind 2023’s best hedge fund play Weather, inflation delivered the perfect cocktail last year For hedge funds, the science of catastrophes helped generate the best returns of any alternative investment strategy last year. FULL ORIGINAL PUBLICATION HERE