ILS

The performance showed ILS delivering on its promise of uncorrelated returns.

It scaled back in Europe and Japan but entered the hardening retro market.

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.

The purchaser is known for having a very low cession ratio, although it said it would leave Alleghany to operate independently.

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 first month of the year was quiet for natural catastrophe events.

The ILS platform of Everest Re is looking to optimize value for the group and investors.