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 […]

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 […]

ORIGINAL PUBLICATION HERE Centrica, one of the UK’s largest energy suppliers, suffered a tough 2017. Regulatory pressure to reduce charges to customers is eroding t operating margins. It released a profit warning in November and closed the year as the worst performing stock in the FTSE 100. In 2016, the company saw its net pension […]

ORIGINAL PUBLICATION HERE The £3bn (€3.5bn) North Yorkshire Pension Fund (NYPF) has launched a tender for an insurance-linked securities (ILS) mandate in connection with an “urgent” review of its investment portfolio. The local government pension scheme (LGPS) said it was carrying out the review in light of interest rate fluctuations and “performance of some of its fund […]

ORIGINAL PUBLICATION HERE Insurance-linked securities are gaining popularity as a diversifying asset class, but what are the available strategies, underlying risks and costs? Carlo Svaluto Moreolo finds out At a glance  • The ILS marketplace is growing, with traditional asset managers launching ILS strategies and funds. • A variety of liquid and illiquid strategies is […]