Catch up on our top stories of the last week
Best of Artemis, week ending September 15th 2024 | | | - Stone Ridge hits $10bn of assets across cat bonds, ILS and reinsurance
Stone Ridge Asset Management, the New York based alternative risk premia focused investment manager, has reached a significant milestone in the development of its reinsurance investment franchise, hitting the $10 billion mark in assets under management (AUM) - Hurricane Francine losses manageable for P&C insurers, minimal for reinsurance: RBC
According to equity analysts at RBC Capital Markets, hurricane Francine is expected to be a manageable loss for the property and casualty insurance industry, while little in the way of loss impact is expected for the reinsurance market. - Elementum Advisors hires Andreas von Reitzenstein as SVP Underwriting
Elementum Advisors, LLC, the insurance-linked securities (ILS) fund and collateralized reinsurance investment manager, has announced the hiring of Andreas (Andy) von Reitzenstein as Senior Vice President, Underwriting in Bermuda. - ILS industry responds to ESMA call for evidence on cat bonds as UCITS eligible assets
The insurance-linked securities (ILS) industry has come together to respond to the European Securities & Markets Authority (ESMA) call for evidence to support a review of the Undertakings for Collective Investment in Transferable Securities (UCITS) Eligible Assets Directive (EAD), highlighting the reasons catastrophe bonds are beneficial assets for investors and suitable assets for UCITS strategies. - More reinsurance capital to support well-structured aggregate covers at renewals
One of the takeaways from the Monte Carlo Rendez-Vous this year is that brokers are calling on reinsurance companies and ILS funds to provide more support for their clients frequency loss exposures and while the markets are in the main not overly keen, there is going to be more capital available to support this, including from some that will seek out well-structured aggregate opportunities. - Aeolus hires former Blackstone & PIMCO exec Henry as MD in Biz Dev & IR
Aeolus Capital Management Ltd., the specialist insurance-linked securities (ILS) and reinsurance investment manager, has strengthened its business development and investor relations team with the hiring of former Blackstone and PIMCO executive Maya Henry. - Inertia the biggest threat. We must escape the market-cycle mindset: McKeown, Vantage
In order to avoid disappointing investors and guarantee continued access to capital, the reinsurance and insurance-linked securities (ILS) industry needs to escape the market-cycle mindset and deal with the biggest threat it faces, which is inertia, according to Chris McKeown of Vantage Risk. - No significant shift in premium from current price levels expected at renewals: Stahel, LGT
Even without any major catastrophe loss events over the rest of the year, Michael Stahel, Partner and Portfolio Manager at LGT ILS Partners Ltd., is not expecting a significant shift in premium from current price levels and notes the company will strategically shift capacity between areas of the market to source the best deal opportunities for its investors. - Climate change uncertainty & perception a challenge for ILS: Minter, Swiss Re ACP
As the reinsurance and insurance-linked securities (ILS) market begins to look towards year-end issuance, renewals and into 2025, Chris Minter, the new Head of Swiss Re's Alternative Capital Partners (ACP) division, told Artemis that one of the biggest challenges for ILS is the uncertainty and perception of the influence climate change may have on insured losses. - Stable, healthy reinsurance may persist longer than previous cycles: Twelve Capital's Grandi
Marcel Grandi, Head of ILS Sourcing at Zurich-headquartered insurance-linked securities (ILS), catastrophe bond and reinsurance investment manager Twelve Capital, believes the current reinsurance market environment and its pricing may persist longer this time. | Featured Conferences & Events | ILS NYC 2025 - Save the date! February 7th, 2025 Our annual New York insurance-linked securities (ILS) conference will be back in 2025, please save the date. Tickets will be released soon. | Reinsurance News is a our sister service which delivers the reinsurance news that matters directly through our responsive website and by email to your inbox. This single daily email contains the most important reinsurance news, hand selected by an experienced team of researchers and journalists with years of reinsurance industry experience. | Stay in touch with Artemis | | | | |
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