ORIGINAL PUBLICATION HERE ILS Capital Management Ltd, the Bermudian-based manager of insurance-linked securities investments, delivered a double-digit return to a major investor last year. Bob Jacksha, chief investment officer of the New Mexico Educational Retirement Board, a $12.9 billion pension fund, said their investment with the Bermudian fund manager produced a return of 11.4 per […]

Spinnaker’s growth ambitions to receive support from ILS market

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ORIGINAL PUBLICATION HERE Program and fronting service specialist, Spinnaker Insurance Company, expects further organic growth as it continues to scale its operations with the support of the insurance-linked securities (ILS) space, according to General Counsel, Nicholas Scott and Senior Vice President (SVP), Adam Tyburski. Launched in 2015 by ex-Arch Re Ingrey family members, the start-up […]

Collateralized reinsurance worked as designed & advertised: John Forney, CEO UPC

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ORIGINAL PUBLICATION HERE Collateralized reinsurance structures and markets worked exactly as designed and advertised, which gives United Insurance Holdings (UPC Insurance) the confidence to execute on its strategy, according to CEO John Forney. United (UPC) is a major user of collateralized reinsurance capacity, from insurance-linked securities (ILS) funds as well as from catastrophe bond investors. […]

TWIA targets at least $2.1bn of reinsurance & cat bonds for 2019

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ORIGINAL PUBLICATION HERE The Texas Windstorm Insurance Association (TWIA) will aim to secure at least $2.1 billion of protection from the global reinsurance and insurance-linked securities (ILS) market for the 2019 hurricane season, taking its total claims-paying capacity to at least $4.2 billion. TWIA’s Board this week approved its staff to go to market and […]

ILS will enhance institutional client portfolios: Neuberger Berman

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ORIGINAL PUBLICATION HERE The addition of insurance-linked securities (ILS) investment expertise, through the recently announced acquisition of the Cartesian Re ILS operations, is expected to “enhance” the institutional client portfolios offered by asset manager Neuberger Berman Group. Neuberger Berman, a private asset manager with around $315 billion of assets, announced that it has acquired the insurance-linked […]

BBC pension allocates to Securis managed ILS fund

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ORIGINAL PUBLICATION HERE The pension fund of the BBC, or British Broadcasting Corporation, has made a fresh allocation to insurance-linked securities (ILS) in 2018, with a £98.1 million (approx. $127m) investment in an ILS fund managed by Securis Investment Partners. The BBC Pension Trust had previously been invested in the ILS space, but exited back […]

Should Fannie & Freddie transfer earthquake risk to the capital markets?

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ORIGINAL PUBLICATION HERE The two government-sponsored enterprises (GSE’s) in mortgage risk, Fannie Mae (the Federal National Mortgage Association) and Freddie Mac (the Federal Home Loan Mortgage Corporation), should be required to transfer some of the earthquake risk exposure they carry to the capital markets, according to a report. The report from nonprofit, nonpartisan, public policy […]

ORIGINAL PUBLICATION HERE Initiated by the World Bank, a technical knowledge exchange meeting was held in Bucharest with PAID Romania representatives and a delegation consisting of high-level representatives of the insurance market and the Kyrgyz parliament, on the topic of the Romanian experience in building a compulsory home insurance scheme. Organized as part of an […]

Just 1% of European pensions allocate to ILS: Mercer survey

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ORIGINAL PUBLICATION HERE While it sometimes feels as if insurance-linked securities (ILS) and reinsurance linked investments are almost mainstream, there is still a way to go before the asset class truly becomes a staple of the major institutional investors of this world, as evidenced in the results of a recent survey by Mercer. Mercer’s 2018 […]