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AP3 posts 3.6% ILS loss in 2020

The fund’s worst ILS return to date is understood to be driven by investments hit by Covid-19.

Twelve Capital closes in on $2bn cat bond assets

Recent investor inflows to its cat bond UCITS have brought it to over $1bn assets under management.

Aon hires from Aspen and Securis for capital advisory roles

Marcus Foley joins the Bermuda office, while Tim Radford will work in London.

SiriusPoint to cut property catastrophe exposure: Third Point Re

The merged entity will also look to focus on higher margin lines and invest in InsurTech.

• Correction: Scor Global P&C back in the black with EUR142mn Q4 profit
• Vesttoo looking to broaden life ILS market: CEO
• NCIUA returns to cat bond market with $100mn issuance
• CEA looks to boost latest cat bond to as much as $215mn
• Plenum debt-ILS fund reaches $100mn nine months after launch
• Alleghany beats analyst estimates on strong insurance earnings

Opinion

When there is nothing average about cat losses, why benchmark to the mean?

ILS market enjoying spoils of post-Covid interest

Swiss Re's fund launch is a bigger ILS pivot than it may seem

Aon's new cat facility points to ILS ambitions from backers

Analysis

Evolving commutation practices tested by Covid and final Irma tie-up

While uncertainty over Covid may limit early commutations, isolated deals may have been struck, as 2017 contracts in some cases remain open.

Bilateral deals support sidecar growth at 1.1

One estimate suggested around $2bn of new capacity in private deals.

BI aggregation issues will need further testing

Fenchurch Law partner suggests "aggressive" initial claims adjustments will be unwound and the reinsurance context will need specific consideration.

Swiss ILS investment could shrink after recent loss years

Returns have disappointed some institutional investors, but prospective rates may attract fresh investment, sources said.

Supplements

(Re)Connect 2020 - ILS Roundtable

Covid-19 may have been the biggest talking point in the (re)insurance markets this year but arguably, the pandemic is being overtaken by several other factors – ILS market dynamics amongst them.

Investor Guide to ILS: H2 2020

Covid-19 and ILS strategies: locking down diversification benefits.