Investors

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.

The asset manager also invests in Pimco ILS and has an inactive mandate with Nephila.

AP3 noted a ‘very interesting market with widening spreads’ as it made an ILS profit in 2021.

Markel Catco reported a small gain for its February result on 2019 side pocket releases, ahead of its early buyout of investors.

The firm recently invested $15mn in FedNat’s Monarch National.

The increase in allocation by the railways scheme contrasts with steady or declining ILS holdings at other UK pension funds.

The Dutch pension adviser hopes to scale the vehicle to $2bn-$2.5bn over time, as it reported a slightly negative ILS return for 2021 and revealed Integral ILS allocation.

ESG products can provide sustainable returns, panellists suggested.

Lloyd’s CFO and COO Burkhard Keese told delegates at the London ILS 2022 Conference that the platform’s scope will widen beyond quota share structures.

The Swiss rail fund made a 2.4% loss within its ILS portfolio.

The feeder fund to Neuberger Berman ILS strategies took a defensive stance ahead of 2021 Atlantic hurricane season.