-
Cat bonds and sidecars are well positioned for growth, while private ILS will benefit from further innovations to improve liquidity. -
In its semi-annual report for the six months to 31 July 2023, the manager said the fund had returned 2.74% over the half-year.
-
More than three-quarters of the losses came from the firm’s UK&I line of business.
-
In total, insurers paid indemnity of $11bn and loss adjustment expenses of $1.5bn for claims closed in 2022.
-
The independent manager’s post-Ian growth has helped it more than double from prior estimated assets under management.
-
The Swiss Re Total Return Index climbed month-over-month throughout the year, to more than regain ground lost after Hurricane Ian in September 2022.
-
The year was characterised by several severe and costly thunderstorms.
-
The performance continues an unbroken run of positive monthly returns in 2023.
-
The broker’s report also hailed the best risk-adjusted margins for ILS investors in a decade.
-
In total there were seven international events that exceeded $1bn in 2023.
-
The broker said global cat rates rose 3% in the 1 January reinsurance renewals.
-
The broker’s 1st View report predicted that cat bond issuance should remain elevated until at least Q2 2024.
