ILS managers

ILS funds were showing pockets of positivity as market dynamics shift.

Having set up its London Bridge ILS platform, Lloyd’s believes it can leverage its reinsurance-to-close (RITC) mechanism to develop an ILS market for casualty, CFO Burkhard Keese said on a results call yesterday.

The Canadian pension fund increased its overall proportion of ILS assets to 0.6%.

The casualty ILS platform said it had handled more money in the past three weeks than in its first three years.

Even though underlying ILS market conditions are improving, getting a hearing from investors could become harder.

The company ceded 67% more cat premium to Nephila in 2021 after pulling out of cat reinsurance itself.

The industry has moved on from an initial focus on the nat-cat element of ESG.

Courts in Bermuda and the US approved the move, which had earlier been subject to investor litigation.

The carrier recorded $224mn of natural catastrophe losses.

There were 220 trades in the secondary market in Q4, as aggregate and Florida bonds were less liquid.

Talks between the regulator and practitioners are ongoing, with the market picking out several key threads that could assist local transactions.

Coca Cola has downsized its ILS holdings almost every year since 2017.