ILS Asia 2023: Education still critical in relatively untapped region
Yesterday’s Artemis ILS Asia 2023 conference marked our first in-person return to Singapore and the Asian region since 2019 and while there are marked differences in the conversation surrounding insurance-linked securities (ILS) and the use of reinsurance capital, it is clear the region remains relatively untapped, on both an investment and risk basis. It has been […]
UCITS catastrophe bond fund AUM rises 18% to near $10.4bn in H1 2023
Reflecting very strong market activity in the first-half, catastrophe bond funds in the UCITS format saw their combined assets under management (AUM) rise by over 18%, to reach a new record-high of nearly $10.4 billion by the end of June 2023. This is the first time the combined assets of the UCITS catastrophe bond funds […]
Swiss Re cat bond Index delivers highest half-year return ever at 10.34%
Thanks to a very strong first-half of investment returns from the catastrophe bond market, the Swiss Re cat bond Index, probably the most widely used benchmark in the insurance-linked securities (ILS) space, has delivered a record performance for any half-year on record. The Swiss Re catastrophe bond Index provides a widely used benchmark for the […]
Resolute and Nayms partner on crypto-denominated industry loss warranty (ILW)
Resolute Global Partners, the insurance and reinsurance linked asset manager, has partnered with insurtech Nayms to bring to market the first industry loss warranty (ILW) to be denominated in a cryptocurrency. Nayms, which operates a regulated Bermuda based marketplace for crypto insurance, said the crypto-denominated industry loss warranty (ILW) was issued through a segregated account […]
ILS capital to hit $150bn in 2030, but reinsurance to outpace it: Berenberg
Insurance-linked securities (ILS), or alternative, capital is expected to grow to become a $150 billion market by 2030, but traditional reinsurance capital is expected to grow at a faster pace over the same period, according to an estimate from analysts at investment bank Berenberg. Recently, insurance and reinsurance broker Aon said that alternative reinsurance capital, […]
Cat bonds still the main source of ILS market growth: Aon Securities
While the insurance-linked securities (ILS) market is now beginning to see broader growth resuming, with some successful capital raises across private ILS and collateralized reinsurance, the catastrophe bond market is still leading the way as the main source of ILS market growth in 2023, Aon Securities’ latest data shows. The broker issued its latest reinsurance […]
Private ILS fund returns accelerate in May, beat cat bonds for first time in 2023
The returns of private ILS funds, so those that invest in privately transacted insurance-linked securities (ILS) including collateralised reinsurance and retrocession, have outpaced pure catastrophe bond funds for the first time this year in May 2023. This is according to the Eurekahedge ILS Advisers Index, which reported an average ILS fund return of 1.17% for […]
For ILS funds, the challenge is not raising too much capital: Vickers, Gallagher Re
While conditions are attractive for insurance-linked securities (ILS) markets right now and as a result ILS fund returns have been impressive, James Vickers, Chairman International, Reinsurance, at Gallagher Re cautioned that managers must be careful not to raise too much new capital. ILS fund managers are experiencing increasing demand from investors, while investor interest is […]
HKEX and BSE Agree to Dual Listing of Stocks
The Hong Kong and Beijing stock exchanges signed a memorandum of understanding to support qualified companies to apply for listing on each other’s markets, opening the door for long-term cooperation between the two stock markets. Under the agreement, qualified companies traded on the Beijing Stock Exchange (BSE) can apply for flotation on the Hong Kong Stock Exchange (HKEX) and […]
Alternative reinsurance capital grows to new $100bn high: Aon
According to the latest data from insurance and reinsurance broker Aon, alternative reinsurance capital, largely deployed in insurance-linked securities (ILS) formats, has resumed growth and reached a new high of $100 billion. The catastrophe bond market has been the main contributor to insurance-linked securities (ILS) market growth through the start of 2023, the broker explained. […]
