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All insurance has a social purpose but covers for lower income countries should probably be considered more impactful transaction than Florida coastal risk.
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Swiss funds active in ILS recorded stable or slightly increased allocations after 2017’s losses.
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The PK SBB scheme took a 4.5 percent gain from its ILS portfolio last year, as it and a number of peers reported slightly increased allocations to the sector. -
The reinsurance fund has ramped up in recent years to $700mn-$800mn.
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The fund’s net assets shrank by $4.4mn over the period.
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The fund’s ordinary shares added 0.85 percent during the month.
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The fair value of AP3's ILS portfolio rose by 10.7 percent to $560mn at year end in 2018.
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It is “probably one of the best times to invest” in ILS, according to Leadenhall Capital Partners CEO Luca Albertini.
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ILS investors were more frustrated by extended loss creep last year than by the overall hit, according to Michael Knecht of Siglo Capital Advisors.
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Returns from ILS funds tracked by Trading Risk fell to an average Q1 return of 0.63 percent to 0.65 percent in cat bond and multi-instrument funds.
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Shortfalls in retro capacity are not impacting all vehicles, said Tangency Capital co-founder Michael Jedraszak.
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Market participants have welcomed Lloyd’s plans to attract ILS capital but emphasised that cost reductions will be key to making them work.
