After positioning itself in advance of the US hurricane season through Q2 this year, the City National Rochdale Select Strategies Fund, a US mutual insurance-linked securities (ILS) fund that invests in industry-loss warranties (ILW’s) and industry-index trigger catastrophe bonds, was relatively flat in AUM terms. When we last covered this
Hannover Re has continued to share a reduced proportion of its large natural catastrophe losses with insurance-linked securities (ILS) capital sources through the first nine months of this year, with just €18 million shared up to the end of September. Recall that, in full-year 2022, Hannover Re had shared more
High-net-worth investors want to deploy more capital to alternative asset classes, while they also desire a greater variety of alternative investment products as well, believing that adding alternatives to their portfolios can drive stronger long-term outcomes, data from Brookfield Oaktree Wealth Solutions suggests. Owned by investment giants Brookfield Asset Management
Catastrophe bond investments are currently offering investors a superior total return, diversification versus other asset classes and currently a lower risk profile than had been seen in recent years, Fitch Ratings has noted. The rating agency believes that record issuance of insurance-linked securities (ILS) is set to continue, as insurance
Recognising that regulations hinder access to alternative reinsurance solutions including insurance-linked securities (ILS) in the country, the Australian Prudential Regulation Authority is consulting with industry, as participants there want easier access to solutions such as catastrophe bonds. In a letter to the Australian insurance industry, APRA Member Suzanne Smith explained
While the Asia region is expected to see steadily increasing activity in catastrophe bonds and other insurance-linked securities (ILS), Fitch Ratings believes the participation of regional investors needs to increase, while continued development of regulatory frameworks and local expertise is also required. Fitch Ratings said that it anticipates, “a gradual
Speaking at the 20th Singapore International Reinsurance Conference (SIRC), Mr Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of the Monetary Authority of Singapore, explained that multilateral development banks have a key role to play in bringing scale to insurance-linked securities (ILS) issuances in
Having continued to expand their assets under management in recent months, UCITS catastrophe bond funds as a group have now grown their share of the overall cat bond market to a new high, at 27% of risk capital supplied. As we reported recently, by the end of the third-quarter of
A selective approach and a deep understanding of climate-related risks are key to managing insurance-linked securities (ILS) investments, according to François Divet, Head of ILS at AXA Investment Managers. Divet recently highlighted both positive supply and demand factors for ILS, while also explaining that due to climate change and its
The Fundamentals of Insurance-Linked Securities (ILS) is an online professional qualification upgrade course and in-person Swiss summer school convened by Phoenix CRetro Ltd. in partnership with various professional and educational institutions worldwide.
