Alternative capital to reach new heights, fills gaps left by traditional: S&P
With alternative capital in the reinsurance industry standing at a record $113 billion in 2024, analysts at S&P Global Ratings projects that it will continue to reach new heights in 2025, as it fills gaps left by traditional capital. According to insurance and reinsurance broking group, Aon, global reinsurance capital reached an all-time high of […]
Investing in ILS the right decision. Buying every cat bond less advisable: Icosa
While allocating capital into the insurance-linked securities (ILS) sector is “certainly the right decision for asset allocators” at this time, manager Icosa Investments cautions that with some challenges in the sector it is not advisable for cat bond fund managers to buy everything in the asset class. Icosa Investments commented on some of the “challenges […]
Elementum launches Njord Cat Bond Fund, with higher-yield US wind-focus
Elementum Advisors, LLC, the alternative investment manager that specialises in collateralized natural catastrophe event reinsurance investments, has announced the launch of a new higher-yield focused, multi-investor catastrophe bond fund strategy. The Elementum Njord Cat Bond Fund, Ltd. was launched on February 15th and will have a focus on investments into higher-risk premia US wind catastrophe […]
Man AHL planning to launch UCITS catastrophe bond fund strategy
Man Group, a global independent alternative and active investment management firm, has made an application to establish a UCITS catastrophe bond fund under its Man AHL brand, Artemis has learned from sources. Man Group already invests in catastrophe bonds across alternative investment funds under its Man AHL arm, the unit that has a focus on […]
Twelve Securis merger completes, creating one of the largest ILS managers with $8.5bn
Twelve Securis has been established with $8.5 billion of assets under management (AUM) making the newly branded and combined ILS manager one of the largest in the sector, after the merger of Twelve Capital and Securis Investment Partners has now completed. Twelve Capital and Securis Investment Partners had originally announced their intention to merge in July […]
CEA prices Ursa Re 2025-1 cat bond for 100% upsized $400m of reinsurance
The California Earthquake Authority (CEA) has now priced its latest catastrophe bond issuance, successfully doubling the Ursa Re Ltd. (Series 2025-1) offering in size to provide it with $400 million in multi-year collateralized California earthquake reinsurance protection. The CEA recently returned to the catastrophe bond market with an initial target to secure $200 million or more in multi-year […]
Neuberger Berman ILS gets $250m Virginia Retirement System allocation
Neuberger Berman Insurance-Linked Strategies, the specialist ILS investment management arm of the global asset manager, won a $250 million mandate and immediately funded allocation from giant US state pension plan the Virginia Retirement System at the end of last year. The allocation has been made to a closed-end fund focused on insurance-linked securities (ILS), although […]
NCIUA sponsoring $350m named storm cat bond, Cape Lookout Re 2025-1
The North Carolina Insurance Underwriting Association (NCIUA) has returned to the capital markets seeking $350 million of annual aggregate named storm reinsurance protection through this Cape Lookout Re Ltd. (Series 2025-1) catastrophe bond. Returning in 2025, the North Carolina Insurance Underwriting Association (NCIUA) is sponsoring the seventh catastrophe bond under its Cape Lookout Re Ltd. program of deals. […]
UCITS catastrophe bond funds positive in January despite wildfire mark-downs
Catastrophe bond fund strategies in the UCITS format averaged positive returns for the month of January 2025, despite the effects of wildfire related mark-downs to exposed positions, according to the latest data from the Plenum CAT Bond UCITS Fund Indices. As we had reported before, the Los Angeles, California wildfires had already had a minimal effect on […]
CEA lifts Ursa Re 2025-1 cat bond target to as much as $375m
The California Earthquake Authority (CEA) has increased the targeted amount of multi-year collateralized California earthquake reinsurance protection it seeks from capital market investors through its new Ursa Re Ltd. (Series 2025-1) issuance, with now up to $375 million of coverage being sought, while the price guidance has been fixed at 7.5%, Artemis has learned. The CEA recently […]