Investors

The alternatives manager acquired retirement services firm Athene in January, ahead of its $2bn ADIP sidecar raise.

The securitised reinsurance tokens require a minimum investment of $20,000 in the US and $2,500 outside of the US.

The Indiana Public Retirement System has in past years allocated to Aeolus several times, as well as to HSCM Bermuda and Nephila’s Palmetto Catastrophe Fund.

The ILS manager said the cat bond sector could double to become a $70bn market in the next three to five years.

Hudson Structured Capital Management (HSCM) Bermuda has set up an insurance credit strategy seeded with $400mn of initial capital from Security Benefit Life Insurance Company.

The ILS manager’s analysis highlighted that Lloyd’s nat cat exposure had lowered over the six years to 2021.

The investment analysts wrote that market dislocation offered an opportunity to invest on attractive historic yields.

Conviction for ILS has shifted to ‘overweight’ from ‘neutral’ at the manager.

ILS strategies specialist Siti Dawson is moving from LGT ILS Partners.

The pension investor re-directed capital to the Pillar Opportunity fund as of January 2022.

Frontier Advisors said sentiment continues to be challenged by performance.

Ludlow Re will grow “opportunistically” where there is confidence of producing attractive returns.

The manager received a mandate from a new investor who had taken the call to come in ahead of Hurricane Ian.

The Massachusetts retirement system issued a request for proposals from ILS managers.

The major ILS investor described 2023 opportunities as attractive but said they were set to get more selective in the industry. 

Hurricane Ian could present a challenge for ILS fundraising conversations this autumn if ILS firms do not find more financing solutions to manage trapped capital, according to panellists at Trading Risk New York 2022 last week.

HSCM Ventures partner Vikas Singhal will join the Inclined board.

The implications for the Abu Dhabi investor’s billion-dollar ILS portfolio are not yet known.

The Lloyds-centric reinsurer has become a signatory member of the Standards Board for Alternative Investments.

The fund’s allocations to general and life insurance investments have grown year over year.

Craig Dandurand is to depart Australia’s Future Fund after nine years, as the pension scheme reorganised its investment team, putting its ILS portfolio under the responsibility of new head of alternatives Tammi Fischer.

The move would enable the Lloyd’s ILS platform to access investors with lower risk-return appetites after launching with quota share options only.

The Australian investor made 5.0% on its ILS investments in the 12 months to 31 March.

The hardening rate environment in Florida provided a mid-year opportunity for some, but overall there was little growth.