Rochdale ILW & cat bond fund returns 11.77% with only modest catastrophe impacts
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The City National Rochdale Select Strategies Fund, a mutual insurance-linked securities (ILS) strategy focused on industry loss warranties (ILWs) and catastrophe bonds, delivered…
Acrisure Re hires Romeo & ILW specialist Gordon from Aon in Bermuda
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Acrisure Re, the reinsurance broking division of global firm Acrisure, has made some key hires in Bermuda, taking Roman Romeo, who joins the…
Ambassador mutual cat bond fund grows to $428m, more ILW investments made
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The Ambassador US mutual catastrophe bond fund strategy operated by advisor Embassy Asset Management has now expanded its insurance-linked securities (ILS) fund’s assets…
Head of PCS Global Strategy and Growth Alex Mican to depart Verisk
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Artemis has learned that Alex Mican, the Head of PCS Global Strategy and Growth at Verisk Claims, is departing the company. We understand…
K2 Advisors says cat bond issuance must absorb cash, raises conviction on retro
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. K2 Advisors, the hedge fund focused investment management unit of Franklin Templeton, continues to overweight most insurance-linked securities (ILS), but in its outlook…
Transformational expansion of risk transfer to capital markets needed to finance future crises
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. With a widening crisis protection gap evident around the world there is a need for a transformational expansion in the use of insurance…
COP29 ends with Loss and Damage fund progress, strategic direction set for Global Shield
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. COP 29, the United Nations Climate Change Conference held in Baku, Azerbaijan, has drawn to a close with agreement on certain areas and…
Schroders Capital invested $817m+ in ILS that help reduce protection gap in 2023
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. During the full-year 2023, the catastrophe bond and insurance-linked securities (ILS) team at private markets focused investment manager Schroders Capital allocated over US…
Parametric insurance can help close US $1.8tn protection gap: Generali and UNDP
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. A joint report published by insurance giant Generali and the United Nations Development Programme (UNDP) highlights parametric risk transfer and insurance as a…
Nat cat gap expands 5.2% to $385bn, but protection more available: Swiss Re
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The global natural catastrophe protection gap widened again in 2023, rising 5.2% to US $385 billion in premium equivalent terms, but at the…