Cat bonds: Structurally diversifying & primed for growth, says Neuberger Berman

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FULL ORIGINAL PUBLICATION HERE. COPY OF THE FULL WHITE PAPER HERE. Catastrophe bonds and insurance-linked securities are one of the “very few genuinely, structurally diversifying asset classes,” according to the Neuberger Berman Insurance-Linked Strategies team, who give the asset class a positive outlook for 2021. Writing in a white paper, the Insurance-Linked Strategies team of […]

ILS fund manager Gildenbrook launched with $850m of capital by Brookman

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FULL ORIGINAL PUBLICATION HERE The Gildenbrook Group has been founded by experienced ILS industry executive Daniel Brookman and has today launched Gildenbrook Capital Management Ltd., an independent alternative investment fund manager focused on the insurance-linked securities (ILS) asset class. Brookman most recently led alternative reinsurance and ILS activities at re/insurer AXA XL, before which he […]

Catastrophe bonds “gained in importance” in 2020, says Fitch

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FULL ORIGINAL PUBLICATION HERE Catastrophe bonds became more important for the reinsurance market in 2020, as the record year of issuance saw use of the cat bond as a reinsurance or retrocession risk transfer tool increase, Fitch Ratings has said. While alternative capital levels remained relatively flat overall through 2020 it seems, the catastrophe bond market was […]

FULL ORIGINAL PUBLICATION HERE City National Rochdale’s largely industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund increased its total net assets under management to $147.8 million by the end of October 2020, an increase of 13% in the quarter. The City National Rochdale Select Strategies (CNRLX) fund is an interval style mutual […]

FULL ORIGINAL PUBLICATION HERE Turker Re, a Lloyd’s broker with a significant insurance and reinsurance broking footprint in the Turkish marketplace and surrounding region, has launched a new product offering of a Turkey earthquake industry loss warranty (ILW) as the first under a new Capital Solutions unit. The broker hopes to create a new market […]

Hamilton looks to Singapore for first full cat bond with Easton Re Pte. Ltd.

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FULL ORIGINAL PUBLICATION HERE Hamilton, the Bermuda based insurance and reinsurance holding company, is entering the catastrophe bond market for its first full, syndicated Rule 144a transaction and Singapore is to be the domicile of choice, after the company registered Easton Re Pte. Ltd.  as an issuer. Our sources told us that Hamilton would likely return […]

FULL ORIGINAL PUBLICATION HERE Institutional investors have piled into insurance-linked securities (ILS) with the goal of adding reliable returns and a touch of diversification to their investment strategies.  A series of natural catastrophes has made investors more aware of the risks embodied in insurance-linked securities ILS have proven less liquid than expected in the wake […]

Falling gov bond yields make ILS an even more valuable diversifier: Schroders

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FULL ORIGINAL PUBLICATION HERE The value of insurance-linked securities (ILS) as a diversification play within asset portfolios is now even higher, as falling government bond yields have made other diversifiers less attractive at a time when ILS is only increasing its value proposition to investors. This is according to Stephan Ruoff, Head of specialist insurance-linked […]

Cat bond market benefiting from a “flight to simplicity” in ILS

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FULL ORIGINAL PUBLICATION HERE The flight to quality in the insurance-linked securities (ILS) market has been well-documented, as some investors have opted to shift allegiance to ILS fund managers that are deemed higher quality, due to their longevity, track-records, or affiliations. But now we can add to that a “flight to simplicity”, coined by RenaissanceRe […]

FULL ORIGINAL PUBLICATION HERE Alphabet, Inc., the holding company for Google and its many units, has entered the catastrophe bond market for the first time, as the technology giant seeks $237.5 million of earthquake insurance protection that will be fully collateralized through the issuance of a Phoenician Re Ltd. (Series 2020-1)  cat bond transaction to capital […]