ILS managers

The asset manager’s flagship ILS funds posted stellar returns for its 2023 fiscal year.

The firm’s flagship reinsurance strategy delivered its best performance in its 10-year history.

Projected 2024 ILS returns remain historically high, but signs of increased appetite for top-layer cat risk and top-end retro raise questions over how long this will last.

The year brought a degree of closure on the loss-hit years of 2017-2021, while the outlook remains changeable for ILS managers.

The Eurekahedge ILS Advisers Index has posted the strongest performance for October since it started in 2008.

Swiss Re Alternative Capital Partners assets under management hit $3.3bn as of 30 September.

The Australian sovereign wealth fund first allocated to the ILS manager in 2016.

ILS managers are still waiting for hard market growth.

Research by Kepler Absolute Hedge showed that seven out of the 10 best-performing alt credit funds were cat bond strategies.

AuM stood at $1.5bn as of 30 September, up from $1.2bn as of January 2023.

The Zurich-based ILS manager has grown the fund by around 167% from $150mn as of mid-2021.

Artex hopes the rebrand will bring greater efficiency and a higher level of service to clients