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ILS Capital has invested seed capital in start-up InsurTech provider Pouch, which provides auto coverage for small businesses. -
The manager says cedant demand is growing for larger transactions.
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The report also found that reinsurance capital increased by 7% to $658bn.
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The move is part of a wider strategic effort by the broking goliath to quantify the value of intangible assets.
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Its quota share partnerships provide the equivalent of $4.1bn of capital support based on 1-in-250-year loss scenarios.
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The ILS manager offered to repurchase 20% of Interval fund shares, but this failed to meet investor demand to exit.
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The Indiana Public Retirement System (INPRS) added $75mn of capital to an existing mandate with Aeolus's Keystone funds in January, according to reports.
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Class C investors who entered the retro fund after the 2017 hurricane season made a 1.3% loss for the year, although wildfire subrogation meant a gain for ordinary shares.
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Trapped capital subdued the firm's overall fund return to a 1.6% gain, as primary insurance gains outweighed reinsurance losses.
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Helios said the deal is part of a £60mn share offering to fund further Lloyd’s capacity acquisitions.
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The ILS investments were up 5% year on year and make up around 4.2% of total assets.
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The fund’s worst ILS return to date is understood to be driven by investments hit by Covid-19.
