ORIGINAL PUBLICATION HERE With the growing use of data analytics in the digital age, the use of insurance products such as parametric insurance, is starting to grow around the world. And with the effects of climate change now a reality such policy options are becoming more attractive to people internationally in a wide range of sectors, from construction […]

ORIGINAL PUBLICATION HERE The City National Rochdale Select Strategies Fund (CNRLX), an industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund, managed a 6.6% annual return in the year to Jan 31st 2019, while its assets under management increased in the last quarter as well. Given the focus of the City National Rochdale […]

ORIGINAL PUBLICATION HERE Alternative risk transfer and ILS mechanisms in the global property and casualty (P&C) market are expected to become more commonplace in the months and year ahead, according to law firm Sidley Austin’s Global Insurance Review. In addition the law firm believes that we haven’t seen the end of M&A activity in the […]

ORIGINAL PUBLICATION HERE Alternative sources of capital now contributes at least 4% of the global non-life insurance and reinsurance market’s roughly U.S. $2 trillion capital base, according to Swiss Re. The reinsurance firm puts the overall non-life global insurance capital base at $2 trillion, 80% (or $1.6 trillion) of which comes from primary insurers, 16% […]

ORIGINAL PUBLICATION HERE AP3, the Swedish state sector pension fund, has been investing in catastrophe bonds, insurance-linked securities (ILS) and reinsurance linked assets since 2008 and the investor increased its allocation to the ILS sector in 2018, while the asset class delivered a positive return despite the catastrophes. In 2018, the size of AP3’s allocations […]

ORIGINAL PUBLICATION HERE Over the last two decades, the capital structure of the reinsurance business has fundamentally shifted, driven by the forceful nature of third-party, or alternative reinsurance capital, according to Aditya Dutt of RenaissanceRe. Now, the capital market is the first avenue people turn to when major catastrophe losses strike, with deployment of third-party […]

ORIGINAL PUBLICATION HERE Investments with insurance-linked securities (ILS) managers Credit Suisse Insurance-Linked Strategies, Elementum Advisors and Fermat Capital Management all delivered positive returns in 2018, despite catastrophe events. AP2 is one of the largest pension funds in northern Europe, with around US $36 billion of assets under management and is tasked with maximising the long-term […]

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 […]

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 […]

ORIGINAL PUBLICATION HERE The Canada Pension Plan Investment Board (CPPIB), a major institutional investor with $368.5 billion at the end of last year, had put US $1.225 billion to work in reinsurance-linked and ILS strategies during 2018, including some towards back-up coverages following the 2017 catastrophe loss events. The Canada Pension Plan Investment Board (CPPIB) […]