Cat bond funds average 5.50% return year-to-date in UCITS Index
A particularly strong performance through the month of April 2023 now sees catastrophe bond funds in the UCITS format with an average return for the first four months of the year of 5.50%, with both higher and lower-risk cat bond fund strategies faring particularly well during the period. A combination of factors have driven this […]
PCRIC Congratulates its ILS Specialists
PCRIC is pleased to announce that two of its team members, Mr. Pankaj Singh (Finance & Planning Manager) and Mr. Richard Poulter (Actuarial Specialist) have successfully completed a seven-week course on the fundamentals of Insurance Linked Securities (ILS), run by Phoenix CRetro Ltd London in partnership with various professional bodies and educational institutions worldwide. The course provided the participants with an in-depth understanding […]
Record April issuance boosts cat bond trading, as pipeline builds
Trading of catastrophe bond notes in the secondary market has picked up in the last few weeks as cat bond fund managers and investors look to adjust their portfolios to accommodate the brisk flow of newly issued deals, helped in part by a record over $2 billion of issuance in April 2023, by Artemis’ numbers. […]
ILW fund’s defensive positioning for 2022 hurricane season paid off: CNR CEO
Adopting a defensive position, with respect to the 2022 hurricane season, has paid off for an industry loss warranty (ILW) focused investment strategy, according to the CEO of the City National Rochdale Select Strategies Fund. The industry-loss warranty (ILW) focused mutual insurance-linked securities (ILS) fund strategy offered by investment adviser City National Rochdale (CNR) delivered […]
Hannover Re grows collateralised reinsurance fronting business 36% in 2022
Global reinsurance giant Hannover Re continued to expand the volume of collateralised business that it acts as a front or transformer for in 2022, with ceded limit rising 36% to almost EUR 6.2 billion for the year. Hannover Re is a major player in insurance-linked securities (ILS) market facilitation, through its fronting and risk transformation […]
Cat bond investments post-loss recovery period impressive: Plenum
The relatively short time taken for catastrophe bond investments to recover after loss events and crises affecting global markets has been impressive throughout the sector’s history, with cat bonds exhibiting a tendency to recover from draw-downs much faster than other asset classes. Hurricane Ian is the latest example, where the catastrophe bond market has already […]
Twelve Capital lifts ILS assets 11% to $3.1bn in Q1 2023
Catastrophe bond, insurance-linked securities (ILS) and reinsurance investment manager Twelve Capital has grown its asset base through the first-quarter of 2023, reaching a new level of $4.2 billion of firm-wide assets under management. Given the firm invests across a number of areas of the insurance and reinsurance balance-sheet, including debt and equities, as well as […]
ECB & EIOPA call for EU cat bond issuance platform
A new paper from the European Central Bank (ECB) and the European Insurance and Occupational Pensions Authority (EIOPA) highlights the potential for increased use of catastrophe bonds to support the overall supply of catastrophe insurance across the European Union (EU), as climate change threatens to widen the protection gap. According to the joint discussion paper, […]
ESMA said not in discussion on cat bond eligibility for UCITS funds
For a few weeks now we’ve been hearing rumours and receiving messages from contacts related to the fact the European Securities & Markets Authority (ESMA), a financial regulator, had restarted an exploration of catastrophe bonds and whether they should be an eligible asset for UCITS investment funds. Previously, the European Securities & Markets Authority (ESMA), […]
Singapore extends ILS Grant Scheme three years to end 2025: MAS
The insurance-linked securities (ILS) grant scheme in Singapore has been a significant help in the country attracting catastrophe bonds and other ILS activity and it has now been extended by a further three years, to run until the end of 2025. Singapore began its focus on insurance-linked securities (ILS) as a business opportunity around 2016, […]
