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


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 […]

Abu Dhabi wealth fund agrees investment in Pension Insurance Corp.


ORIGINAL PUBLICATION HERE The Abu Dhabi Investment Authority (ADIA), a sovereign wealth investment fund owned by the Emirate of Abu Dhabi and tasked with investing funds on behalf of the Government of the Emirate, has been confirmed as investing in a significant chunk of pension risk transfer specialists Pension Insurance Corporation (PIC). As we wrote […]

ORIGINAL PUBLICATION HERE The government of the Bahamas has signed back up to parametric insurance coverage from the CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) for the coming hurricane season, but on a restructured basis with the country divided into three regional zones. The new arrangement, announced by the deputy PM and reported […]

ORIGINAL PUBLICATION HERE Severe hurricanes in the US last year not only left local inhabitants struggling with the aftermath, but the effects also rippled through to European investment portfolios. The €197.2bn Dutch health care pension provider PFZW reported 13.3% lossesfrom its portfolio of insurance-linked portfolios. In Switzerland, the CHF17.8bn (€14.9bn) pension fund for the Swiss […]

ORIGINAL PUBLICATION HERE Investment advisers have laid the groundwork for further growth in the alternative investment market  Key points Investment advisers are increasingly focusing on alternatives, in response to strong client demand; Most consultants offer advice on the whole spectrum of alternatives, with similar structures in terms of staff and processes; Qualitative research on alternatives […]

Reinsurers using retro & alternative capital more after losses: Moody’s


ORIGINAL PUBLICATION HERE Some reinsurance firms that entered the year with lower overall levels of capital, following the impacts of the major hurricanes and other losses last year, have become ” increasingly dependent on retrocession and alternative capital to maintain gross capacity,” according to rating agency Moody’s. This is another sign that the capital markets […]

ORIGINAL PUBLICATION HERE Context Capital Partners’ latest Context Allocator Trends Report, which is based on a survey of more than 400 institutional investors and family offices, has revealed strong demand for alternative investment strategies, with 70 per cent of respondents planning to increase their allocations to alternatives in 2018, and 29 per cent planning to […]

NZ Earthquake Commission cap rises, more reinsurance required


ORIGINAL PUBLICATION HERE The New Zealand Earthquake Commission (EQC), the state-owned residential property disaster insurance entity, has had its cap limit on residential building cover increased by 50% to $150,000, which will see it take on more risk and so perhaps need to buy more reinsurance. New Zealand’s EQC provides limited residential insurance cover for […]

ORIGINAL PUBLICATION HERE Small tea growers, contributing near half of the national yield, are going to have insurance coverage against loss incurred due to adverse weather conditions, protection which they have been demanding for more than a decade. Following introduction in a few pilot districts, the insurance scheme will be implemented countrywide in a phased manner, […]

CEA’s reinsurance program hits record $8bn, more growth to come


ORIGINAL PUBLICATION HERE The California Earthquake Authority (CEA) has reached a new milestone in its use of the private risk transfer markets, as its reinsurance program surpassed $8 billion in size for the first time after the January renewals, with further growth to come as the insurer targets $10 billion of protection by 2022. The […]