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The cedant’s current deal is due to mature at the end of January 2026. -
Investor interest is warming up following a colder spell over the past several years.
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The award of the mandates marks the California public pension plan’s entry into ILS.
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ILS has been a driver of innovation in reinsurance, Convergence 2025 attendees heard Wednesday.
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The funds will combine credit and ILS holdings.
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Returns from cat risk investments stood at 20.1% for the year to 30 June 2025.
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The allocation is around 3% of the fund’s total assets.
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Sources have said $1bn+ of fresh capital from the region is expected to be deployed in 2026.
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The facility will initially focus on US, Bermudian and European business.
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The Bermuda firm said HS Sawmill reflected its continued focus on life insurance.
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The resource was developed by leading ILS managers and investors.
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Samild held multiple roles including head of alternatives at the Future Fund.
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The ILS manager has $6.8bn in assets and will be led by MariaGiovanna Guatteri.
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ILS executives talked pricing, capacity and opportunities in casualty at an ILS roundtable in Monte Carlo.
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The target allocation to Munich Re, Elementum and the run-off AlphaCat funds fell in the year to 30 June 2025.
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The capital supported sidecar-style syndicates and reinsurance start-ups.
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The agency noted inflows to cat bond funds and investor interest in private ILS.
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Dedicated reinsurance capital is on track to increase by 8% in 2025, the broker said.
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ILS accounted for 2.5% of the pension fund’s total AuM.
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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
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The sidecar took $19mn of cat losses relating to the California wildfires.
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The yield figure comprises 6.53% of insurance discount margin and 4.28% risk-free.
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Investors are drawing lessons from life deals to find new routes into insurance markets.
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The Bermuda SPI will write a quota share of SageSure’s captive Anchor Re.
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Canio spent over 19 years with PGGM, with nine of those managing ILS.
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We discuss progress in collateral management with our Outstanding Contributor winner.
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Former ILS lead Matt Holland left the company in May.
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Some $400mn of bonds priced in the past week, after a record-setting H1.
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The recommended “AIF lite” structure could be suited to cat bond lites.
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The fund’s ILS portfolio is split between 70% property cat and 30% cyber risk.
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The investment consultancy said yields increased in Q2 by less than could have been expected.
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The Cayman Islands-domiciled SPI now has four institutional backers.
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Initial responses to ESMA’s report welcomed the long timeframes for any changes.
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Michael Hamer recognised for his work with investors and on reporting frameworks.
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The awards celebration took place at the Hilton Bankside on 25 June.
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The pensions scheme’s existing ILS holdings to Aeolus and HSCM are in run-off.
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M&A and shifts in distribution arrangements bring risks and opportunities.
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The fund lists Twelve, Swiss Re and Cambridge Associates as managers.
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Investors eyeing private ILS include opportunistic allocators keeping watch on storm season.
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The pension plan noted in June 2024 that it was exploring new options in ILS.
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The man is alleged to have conspired with others to falsify LOCs and collateral letters.
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The investment is a response to shifts in stock-bond correlations.
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A total $225mn of fresh limit entered the market across two deals.
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ILS offers efficient capital for underwriters, but casualty ILS transactions are complex.
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The Swiss pension fund has not disclosed an ILS allocation before.
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The pension plan has been allocating to ILS since 2005.
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One dollar-denominated deal has opted to hold collateral in EBRC notes.
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The bond will cover named storms in five US states.
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Price guidance for the bond is 4.00%-4.50%.
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The platform is based in Bermuda and will focus on strategic capital partnerships.
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The buzz in the air at ILS Connect told of a market entering its next growth phase.
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Richard Pennay also addressed the dip in cyber ILS activity.
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Investor interest and capital flows point to potential for ILS proliferation.
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This year’s ceremony will include the inaugural Women in ILS Award presentation.
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An allocation to insurance could “feel like a nice, calm port in the storm” amid wider market volatility.
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This is the first time the Texas Fair Plan has entered the cat bond market.
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Fellow Swedish pension fund AP3 is phasing out its ILS allocation after being active in the sector since 2008.
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Portfolio rebalancing was not triggered last week, but investors are now distracted and nervous.
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US Coastal Property and Utica Mutual Insurance have brought out their first cat bond deals.
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The Swiss rail pension scheme has been cutting its ILS allocation since 2018.
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The Swiss pension fund’s ILS allocation stood at 4.9% of the total fund as of 25 March.
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The asset manager has hired Rom Aviv as head of ILS.
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Most of the ILS investments were made via the cat bond heavy High Yield Fund.
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Palm Re will provide Florida named storm cat bond coverage for Florida Peninsula, Edison and Ovation Home Insurance Exchange.
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The ETF will invest solely in natural catastrophe-exposed bonds.
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Many UK pension funds are over-funded and lack appetite for higher-risk, higher-yield products.
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Recent transactions on the platform include cat bonds from Flood Re and Brit.
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Caution about capital markets volatility is leading sponsors to stagger bond renewals.
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Industry sources estimate the market to be around $3bn.
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ILS as a percentage of the pension fund’s total assets grew to 1.5%.
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The bond was trading at around 12.3c on the dollar in the secondary market last month.
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The UK listed investment manager has almost doubled its ILS allocation since April last year.
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