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The capital will be deployed by Bermuda-based special purpose insurer Arachne.
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Gordon was set to join start-up brokerage Juniper Re last month.
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The pension fund’s ILS allocation as of the end of 2023 was CHF300.3mn ($356.8mn).
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ILS returned 3.2% for the scheme in the first quarter.
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The new global bond fund can take a ‘marginal allocation’ to cat bonds.
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The fund is a continuation vehicle for five of HSCM's life insurance interests.
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The platform’s ILS holdings comprise cat bonds and UCITs funds, and were up 8% over January and February.
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The pension fund handed an ILS mandate to Hiscox in September 2023.
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The group has also scaled back holdings with AlphaCat’s Soteria Fund.
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The platform distributed ~$50mn to investors for 2023.
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The fund will follow an existing Twelve strategy and add short-term corporate bonds.
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The Cayman Islands entity raised $2.4mn last June.
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ILS platform London Bridge II has had a good year as volumes reached $750mn, the CFO said.
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It is only the second year in the last eight that the allocation grew.
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Head of alternatives Gareth Abley believes the asset class remains attractive following a 16% return in 2023.
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The firm was founded in 2015 to help clients raise capital.
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Aside from the one-year view, 2023 remixes the track record.
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The allocation last autumn amounted to around 1.4% of the investment manager’s total funds under management.
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The asset manager’s largest ILS allocation across two multi-strategy funds is to a Leadenhall fund.
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The fund will promote environmental and social characteristics under Article 8 of the SFDR.
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The asset manager’s flagship ILS funds posted stellar returns for its 2023 fiscal year.
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TRUE will use the capital injection to provide underwriting capacity in Florida “at a crucial time” and to expand its footprint nationally, according to a statement.
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The US pension fund investor had altered its ILS portfolio, with a new investment to Pillar in 2021.
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The Australian sovereign wealth fund first allocated to the ILS manager in 2016.
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This latest funding round brings total committed capital for the collateralized reinsurer to $75mn.
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The firm’s follow-only Syndicate 2358 has grown its stamp by 67% to £150mn.
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Research by Kepler Absolute Hedge showed that seven out of the 10 best-performing alt credit funds were cat bond strategies.
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The fund’s allocation to ILS decreased for the first time in three years.
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As of year-end 2022, the fund’s largest ILS allocation was in a RenRe fund.
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The fund has been adapting its investment strategy in light of inflation and rising interest rates.
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Stress-test numbers were increased to 112, including scenarios of losses in multiple years, up from 105.
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The fund is on course for its strongest year of returns since inception in 2014.
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The IOP will be integrated into the Open Protocol reporting template.
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The Middle Eastern investor had built up a billion-dollar portfolio, but personnel turnover has ultimately driven it to reverse course.
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Ambassador was set up in 2021 with Embassy Asset Management the named investment adviser.
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Interest income also boosted the results, with net assets of $9mn rising to $10.8mn by the half-year point.
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The transaction covered a portfolio of $250mn in casualty risk premiums.
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The pension fund is seeking a strategy with “low or negative correlation to public equity”.
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The firm has moved to defend its plans against a rival strategy supported by a small group of investors.
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The investment firm’s ILS holdings were worth around $746mn at year-end 2022.
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The UK asset manager’s ILS strategy is operating across six of its multi-asset funds.
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The manager has gained increments from existing investors and inflows from new ones.
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At Trading Risk’s annual ILS conference, Lloyd’s CFO Burkhard Keese explained how the Corporation is working with the market to attract investors to participate in risk transfer across the Lloyd’s market.
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The firm identified market inefficiencies in its analysis of loss data.
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The AP2 fund noted currency-hedging effects, turbulent financial markets and Hurricane Ian as factors in its alternatives segment loss for the 2022 year.
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The alternatives manager acquired retirement services firm Athene in January, ahead of its $2bn ADIP sidecar raise.
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The securitised reinsurance tokens require a minimum investment of $20,000 in the US and $2,500 outside of the US.
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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.
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The ILS manager said the cat bond sector could double to become a $70bn market in the next three to five years.
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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.
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The ILS manager’s analysis highlighted that Lloyd’s nat cat exposure had lowered over the six years to 2021.
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The investment analysts wrote that market dislocation offered an opportunity to invest on attractive historic yields.
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Conviction for ILS has shifted to ‘overweight’ from ‘neutral’ at the manager.
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ILS strategies specialist Siti Dawson is moving from LGT ILS Partners.
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The pension investor re-directed capital to the Pillar Opportunity fund as of January 2022.
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Frontier Advisors said sentiment continues to be challenged by performance.
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Ludlow Re will grow “opportunistically” where there is confidence of producing attractive returns.
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The manager received a mandate from a new investor who had taken the call to come in ahead of Hurricane Ian.
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The Massachusetts retirement system issued a request for proposals from ILS managers.
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The major ILS investor described 2023 opportunities as attractive but said they were set to get more selective in the industry.
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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.
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HSCM Ventures partner Vikas Singhal will join the Inclined board.
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The implications for the Abu Dhabi investor’s billion-dollar ILS portfolio are not yet known.
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The Lloyds-centric reinsurer has become a signatory member of the Standards Board for Alternative Investments.
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The fund’s allocations to general and life insurance investments have grown year over year.
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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.
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The move would enable the Lloyd’s ILS platform to access investors with lower risk-return appetites after launching with quota share options only.
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The Australian investor made 5.0% on its ILS investments in the 12 months to 31 March.
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The hardening rate environment in Florida provided a mid-year opportunity for some, but overall there was little growth.
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The asset manager also invests in Pimco ILS and has an inactive mandate with Nephila.
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