FULL ORIGINAL PUBLICATION HERE City National Rochdale Select Strategies (CNRLX), an industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund, has continued to steadily grow its assets during its last reported quarter, although some loss impacts remain visible in the fund portfolio. The City National Rochdale Select Strategies Fund ($CNRLX) ILW focused reinsurance […]

FULL ORIGINAL PUBLICATION HERE The majority of insurance-linked securities (ILS) funds are expecting their asset base to grow by more than 10% over the next five years, according to the results of a survey of the ILS market. The ILS fund market is positioning itself for further growth in assets it seems, as ILS funds […]

FULL ORIGINAL PUBLICATION HERE While other jurisdictions are increasingly keen to realise the benefits of facilitating ILS transactions, regulatory oversight and institutions have helped Bermuda maintain its place as the leading domicile for the asset class. This is according to Alison Dyer-Fagundo, Managing Director of Estera (Bermuda) and Sherman Taylor, Associate Director, Estera (Bermuda), who […]

ORIGINAL PUBLICATION HERE NB Reinsurance, a Bermuda-based issuer of ILS, has completed an offering of 19,231 non-voting preferred shares on BSX, effective June 3, 2019. The shares were issued at $1,000.00 per share, to raise $19.2m. Clarien BSX Services acted as listing sponsor, while Conyers Dill & Pearman served as legal advisor. Horseshoe Group acts […]

FULL ORIGINAL PUBLICATION HERE Access to insurance-linked securities (ILS) capacity (the capital markets) is a requirement for insurance and reinsurance firms to remain competitive, with the range of strategies for how to bring more efficient capital within an underwriting business expanding fast. Taking a step back, access to the capital markets has really been an […]

FULL ORIGINAL PUBLICATION HERE CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) is seeking a further expansion of its range of parametric insurance products for the region, with utilities such as energy firms and drought coverage both potential avenues it is exploring. Speaking at a conference in the Caribbean last week, CCRIF Chief Executive […]

FULL ORIGINAL PUBLICATION HERE AXA Climate, the parametric specialist risk transfer unit of global insurance and reinsurance company AXA, has launched Hail Protection, which reportedly is the first-ever parametric coverage designed to help businesses recover after hail storms. AXA Climate, which was formerly called AXA Global Parametrics until a recent rebranding of the unit, developed the […]

FULL ORIGINAL PUBLICATION HERE Poised to reach new heights in the coming months on the back of bumper year’s of catastrophe bond issuance, the insurance-linked securities (ILS) market is at “an exciting inflection point,” says Co-founder and Managing Director of Fermat Capital Management, John Seo. In spite of the impacts of the catastrophe events that […]

FULL ORIGINAL PUBLICATION HERE Global asset management group Schroders has announced the hire of a new distribution lead for its private assets unit, with Peter Arnold set to head up the Alternative Sales Unit which includes the firms insurance-linked securities (ILS) strategies. Arnold, who joins Schroders from Citi Group, is an experienced senior private assets […]

FULL ORIGINAL PUBLICATION HERE Global reinsurance firm Swiss Re said today that it is “excited” to promote the development of an insurance-linked securities (ILS) and catastrophe bond market in Asia, with the completion of the first cat bond it has facilitated in Singapore, the $100 million First Coast Re II Pte. Ltd. (Series 2019-1). As we […]