AuM data
-
Third-party investors made a net income of $415mn in the quarter. -
The award of the mandates marks the California public pension plan’s entry into ILS.
-
Returns from cat risk investments stood at 20.1% for the year to 30 June 2025.
-
The allocation is around 3% of the fund’s total assets.
-
The manager’s largest ILS holding is in the cat-bond-heavy High Yield fund.
-
Victory Pioneer Cat Bond Fund also added assets in the past month.
-
Reinsurers are confident on cat rates and ready to deploy ILS capital.
-
The merged business of Twelve Securis ranked third among ILS managers for AuM, behind Fermat and RenRe.
-
The fund was renamed from the Pioneer Cat Bond Fund.
-
The recommended “AIF lite” structure could be suited to cat bond lites.
-
The Diversified Alternative Fund’s allocation to cat bonds was up by 31% from $386mn at 31 January.
-
Twelve Securis is now a challenger for the top spot on the Insurance Insider ILS leaderboard.
-
The pensions scheme’s existing ILS holdings to Aeolus and HSCM are in run-off.
-
The fund lists Twelve, Swiss Re and Cambridge Associates as managers.
-
AuM in GAIA Cat Bond Fund had grown to $3.9bn as of 31 May.
-
The firm said it was the first time a UCITS cat bond fund passed the $4.0bn mark.
-
The fund was set up 18 months ago by cat bond investor Florian Steiger.
-
This followed a $650mn fall in April, after management change of the fund.
-
The Swiss pension fund has not disclosed an ILS allocation before.
-
Some assets in the Medici Fund were transferred to a new UCITS strategy.
-
The ILS manager’s total AuM increased to $2.2bn in 2024 from $1.7bn the year prior.
-
Fermat and GAM announced that the former will take sole control of the GAM FCM Cat Bond Fund.
-
January’s California wildfires meant third-party investors suffered a loss of $195.3mn.
-
The Swiss rail pension scheme has been cutting its ILS allocation since 2018.
-
The Swiss pension fund’s ILS allocation stood at 4.9% of the total fund as of 25 March.
-
Fees on the GAM Star cat bond funds will drop in May in a recognition of fee competition in the market.
-
Most of the ILS investments were made via the cat bond heavy High Yield Fund.
-
Many UK pension funds are over-funded and lack appetite for higher-risk, higher-yield products.
-
ILS as a percentage of the pension fund’s total assets grew to 1.5%.
-
The UK listed investment manager has almost doubled its ILS allocation since April last year.
-
The scope of QRT’s new ILS strategy will include cat bonds and private ILS.
-
There was a slight increase in DaVinci and Fontana from 31 December 2024 to 1 January 2025.
-
The firm will match segregated accounts of portfolios to investor mandates.
-
Liquid alternative strategies accounted for around $1.4bn of the total.
-
AuM remains generally flat at UCITS funds over the weeks since LA fires started.
-
FY24 disclosures show shifting fortunes at reinsurer ILS platforms.
-
The value of its investment in RenRe stood at $330.4mn as of 30 June 2024.
-
PFZW’s insurance allocation stood at $8.7bn as of year-end.
-
Fermat stayed in the top spot surpassing $10.0bn for the first time.
-
This comes after the firm’s distribution partner GAM has had a challenging few years.
-
The manager’s Interval Fund returned 28.25% over the financial year.
-
The Bermuda based entity is expected to continue on its “responsible growth trajectory”.
-
The UCITS cat bond segment has added 54% in AuM since Hurricane Ian.
-
The reinsurer said investors were interested in expanding after benefiting from good results.
-
Former ILS investors who left the space have looked again and re-allocated.
-
The scheme’s ILS allocation has held steady at 0.7% of the total fund.
-
The ILS manager’s existing Medici cat bond strategy stood at $1.68bn in assets under management (AuM) as of 30 September.
-
CEO Jonathan Zaffino said he saw opportunities for expansion in casualty.
-
The UCITS fund was launched in 2021 and invests in cat bonds and the money markets.
-
The headline figure of $7.72bn includes $3.11bn of DaVinci equity plus debt.
-
Strong growth in fee income builds on the favourable rating environment.
-
Daniel Ineichen, former co-head of ILS, had been with the company for nearly two decades.
-
Fee income fell by 42% to $25.1mn in Q3 over the prior-year quarter.
-
The pension scheme has been winding down its ILS portfolio in recent years.
-
The ILS allocation increased in dollar terms and held steady in euros.
-
The class of 2023-24 cat bond funds will grow existing investors and add new ones.
-
The firm’s new name is inspired by 18th Century Swiss mathematician Leonard Euler.
-
The deal freed up capital held against deals written in 2019 and 2020.
-
The ILS industry offered 11 points of merit that justify cat bonds being eligible for UCITS funds.
-
The deal takes year-to-date cat bond lite issuance to $367.6mn
-
Schroders moves into fifth place in the Insurance Insider ILS leaderboard.
-
The combined Twelve-Securis entity would be a top-five ILS firm currently.
-
More than 30% of the fund's AuM is allocated to US windstorm-linked bonds.
-
Sources said that Gallagher Re had ‘first mover’ advantage as the exclusive broker.
-
Sub-1% management fee and performance fee-only structures have evolved in ILS.
-
The Icosa Cat Bond Strategy now stands at $130mn in AuM.
-
Tanja Wrosch joins Twelve after more than a decade at Credit Suisse ILS.
-
The regulation now allows pension funds a more flexible benchmark for measuring alternatives.
-
Rich had spent 13 years at the firm where he began his career and oversaw a cat bond and ILS portfolio.
-
-
The capital will be deployed by Bermuda-based special purpose insurer Arachne.
-
Combined AuM of UCITS funds stood at $11.3bn as of 26 April 2024.
-
Over Q1, the loss ratio improved by 34.6 points year on year to 43.7%.
-
ILS returned 3.2% for the scheme in the first quarter.
-
The platform’s ILS holdings comprise cat bonds and UCITs funds, and were up 8% over January and February.
-
Fee income was up by 30% year-over-year to $136mn in 2023.
-
The fund will follow an existing Twelve strategy and add short-term corporate bonds.
-
Chris Parry said the denominator effect remains a suppressant on ILS inflows after a strong phase of returns.
-
Daniel Ineichen and Flavio Matter have been promoted to co-heads of ILS.
-
It is only the second year in the last eight that the allocation grew.
-
CEO Hussain said third-party capital in 2023 remained flat.
-
The firm’s assets under management dropped to $1.6bn, as a capital return more than offset new inflows.
-
Head of alternatives Gareth Abley believes the asset class remains attractive following a 16% return in 2023.
-
The outlook for M&A activity is brighter after 2023 returns.
-
The parent also expects the ILS platform’s AuM to grow.
-
The acquiring reinsurer will now run off the business.
-
-
The reinsurer’s assets under management rose 14% to $3.3bn.
-
Aside from the one-year view, 2023 remixes the track record.
-
The firm told investors yields in the cat bond market are 'still very attractive'.
-
The sidecars segment has been attracting inflows after returns hit a high note in 2023.
-
In its semi-annual report for the six months to 31 July 2023, the manager said the fund had returned 2.74% over the half-year.
-
The independent manager’s post-Ian growth has helped it more than double from prior estimated assets under management.
-
The Swiss Re Total Return Index climbed month-over-month throughout the year, to more than regain ground lost after Hurricane Ian in September 2022.
-
Nearly 90% of the fund’s allocation is in cat bonds, with a small allocation to other ILS securities and US Treasury Bills.
-
Broker-dealers' year-ahead forecasts have undershot total final issuance in three of the last five years.
-
Schwartz will set the firm’s investment process on its ILS, equity and debt strategies.
-
The asset manager’s flagship ILS funds posted stellar returns for its 2023 fiscal year.
-
The firm’s flagship reinsurance strategy delivered its best performance in its 10-year history.
-
The year brought a degree of closure on the loss-hit years of 2017-2021, while the outlook remains changeable for ILS managers.
-
Swiss Re Alternative Capital Partners assets under management hit $3.3bn as of 30 September.
-
The Australian sovereign wealth fund first allocated to the ILS manager in 2016.
-
Research by Kepler Absolute Hedge showed that seven out of the 10 best-performing alt credit funds were cat bond strategies.
-
AuM stood at $1.5bn as of 30 September, up from $1.2bn as of January 2023.
-
The Zurich-based ILS manager has grown the fund by around 167% from $150mn as of mid-2021.
-
A new pooling structure allowed the firm to free up historic side pockets and provides a template for future exit options.
-
Steiger is said to be moving to an “entrepreneurial” role after more than six years with the Zurich-based firm.
-
The ILS sector grew in the context of 0% interest rates historically.
-
Hiscox said outflows from the ILS unit were offset by "record returns" in Q3.
-
The ILS firm reported $6.8bn of assets under management at the third-quarter mark.
-
The ILS executive is departing the ILS platform following RenRe’s move to buy Validus Re for ~$3bn.
-
The fund had taken major losses on cat-related investments, including through Southeast primary carriers Weston and Southern Fidelity.
-
The recent ILS start-up was the only new mandate for 2022 after the Dutch firm had added two new mandates in 2021.
-
Cat bond investors are sufficiently capitalised to fulfil demand from an anticipated strong pipeline of new issuance in Q4.
-
Gallagher Re has stated that the alternative capital market has increased by 4%.
-
The private equity firm is targeting $1trn in assets under management for the combined segment.
-
The broker’s half-year 2023 report said reinsurers’ RoE has surpassed the cost of capital for second year running.
-
Outside the cat bond segment, Aon said it was observing rising sidecar interest, putting volumes at $7.1bn from $6.4bn the prior year.
-
The move comes as investors are on track to reject a bid from Liontrust.
-
The ILS business ‘continues to be an important differentiator’, says Aspen CEO Mark Cloutier
-
The industry’s ability to draw new capital will hinge on the outcome of the Atlantic hurricane season.
-
The AuM total hits $12.1bn when including Top Layer Re and RenRe’s own participation.
-
The reinsurance and ILS unit posted strong net premium growth supported by additional capital from Hiscox Group.
-
The reinsurer opened its cat bond portfolio to third-party investors last summer.
-
-
The firm has moved to defend its plans against a rival strategy supported by a small group of investors.
-
Some sources have called for more transparency on secondary trades, though others note the buy-and-hold nature of the market limits trading appetite.
-
The ILS fund now comes in at the 26th spot on Trading Risk’s ILS fund manager directory.
-
The cat bond fund posted returns of around 10.75% for the first six months of Stone Ridge’s financial year.
-
The distribution arrangement will cover Securis's full range of ILS offerings.
-
The fund ranks 19th in Trading Risk’s ILS fund manager directory following this disclosure.
-
The new fund will be led by Daniel Ineichen and be open to US investors.
-
The former chairman and CEO of New York Life will support the asset manager in developing strategies that harness longevity pooling.
-
The UK asset manager’s ILS strategy is operating across six of its multi-asset funds.
-
The current year performance marks an uplift compared to a tough 2022, in which Elementum delivered a loss to White Mountains of 4.6%.
-
The takeover will push it up two places to rank as the fifth-largest writer of P&C reinsurance by gross premium.
-
AIG will invest a significant amount into Fontana and DaVinci.
-
The company has eroded about half its international catastrophe deductible following New Zealand losses.
-
The acquisition gives UK asset manager Liontrust a broader European footprint and cat bond products.
-
The reinsurer lifted net reinsurance premiums by 38%, although, on a gross basis, growth was lower at 5%.
-
Markel’s ILS platform maintained assets under management at $7.2bn, down by $200mn from a January figure of $7.4bn.
-
UBS previously explored setting up an ILS offering, but instead opted to offer other firms’ products.
-
The New York-based executive had been one of the firm’s co-heads of ILS, leading on investor relations and sales.
-
