ESG

The Leadenhall Capital Partners CEO tells Trading Risk’s London ILS conference how he hopes changes in Lloyd’s will create further opportunities.

PGGM has hit its target of investing 2.5 percent of total funds in ILS for the first time since it began allocating to the sector in 2006.

The ILS market has quickly stabilised after last year’s catastrophe losses – but the fallout from Hurricane Irma has continued to push claims higher.

A growing focus on climate change, as well as the increasing breadth of the ILS market, means that investors are considering the argument for ILS as an ESG investment, as well as a diversifier.

A new research paper suggests there could be more cause for gloom if cover becomes more unaffordable.

News of Beale's departure comes a year after former Marsh Europe CEO Bruce Carnegie-Brown became chairman of the 330-year-old market.

Scor Investment Partners said that its ILS assets under management (AuM) reached $1.44bn at the end of February.

The spectre of interest rate hikes is a reason why the ILS asset class remains attractive for investors, said BMO Global Asset Management's chief investment officer Jitzes Noorman.

CCLA Investment Management, a specialist fund manager for UK charities, local authorities and the Church of England, has taken a 6.2 percent stake in the London-listed Catco Reinsurance Opportunities Fund.

Munich Re has provided Israeli insurer I.D.I Insurance with a "cat in the box" reinsurance cover, in the first parametric transaction closed in the region.

Convergence rainmakers focused on new growth areas at the 2010 SIFMA conference last month...