Insurance-Linked Securities
In-depth reporting on investing in Insurance-Linked Securities for our pension fund and asset management readers from IPE’s award-winning journalists.
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NewsSwiss scheme cuts exposure to insurance-linked securities as climate risks increase
Pensionskasse Thurgau has rebalanced its reduction to ILS by increasing infrastructure investments, which are worth 7.1% of its total assets
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NewsSchroders Capital pilots tokenisation for insurance-linked securities
The project successfully enabled reinsurance contracts to be tokenised and traded on a public blockchain platform
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FeaturesCyber catastrophe bonds make a debut as insurers offload risk
Cyber catastrophe bonds may be the new kid on the insurance-linked securities (ILS) block, but they have been talked about for years. The jury is out, though, as to whether they will follow the same trajectory as their natural cat bond peers. While some analysts believe they have the potential to go mainstream, others cite concerns over modelling and lack of diversification.
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NewsPKBS cuts insurance-linked securities for fixed income, domestic property
teh scheme’s ILS active portfolio posted returns of -4.98% last year
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Features
Insurance-linked securities wind brings good news for investors
In the two decades prior to 2022, the negative correlation between stock and treasury bond market returns has been a key driver of institutional investor portfolio construction. Fixed income allocations provided investors significant relief during equity market downturns and increased expected risk-adjusted returns for the popular 60/40 stock/bond portfolio.
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Alecta sees current volatility creating good credit opportunities
Swedish pension fund reports 24% return for 2021; thanks rising stock markets, strong property market and own work to find fixed income returns
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NewsSweden roundup: Alecta invests $200m via property catastrophe sidecar
Plus: AP3 invests €300m in Verdane impact-focused fund
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Alecta invests $250m in natural catastrophe risk via Swiss Re platform
Sweden’s largest pension fund says asset is highly diversifying and still produces attractive return over time
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FeaturesBriefing - ILS: resilience despite the thrills
Institutional investors have piled into insurance-linked securities (ILS) with the goal of adding reliable returns and a touch of diversification to their investment strategies.
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Bfinance: real asset debt outweighs corporate private debt in 2019
Plus: JPMorgan AM calls on investors to consider alternatives as biggest diversifiers; K2: Sector rotation key for hedge fund strategies
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PIMCO launches insurance-linked securities business
Fixed-income specialist partners with parent Allianz for push into the alternative asset class
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Dutch bank scheme incurs loss on catastrophe bonds
ABN Amro scheme posted 2% return for 2017 despite the setback
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Mandate roundup: North Yorkshire appoints insurance bonds manager
Plus: London CIV first fixed income fund, custodian switch, member data service provision
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NewsSwiss funding levels fell in Q1 2018 after 1.3% average loss
Public sector Pensionskassen APK and PKBS post 2017 investment returns in line with market average
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Swiss investors diversify insurance-linked portfolios after difficult 2017
Significant losses experienced in 2017 from concentrated hurricane risk
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North Yorkshire eyes insurance-linked bonds amid 'urgent review'
Public sector fund looking to introduce new lower-risk asset classes
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NewsBlockchain comes to bond market as Lombard Odier backs $15m deal
Swiss asset manager claims first bond transaction using distributed ledger technology
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Special ReportInsurance-Linked Securities: Taking the market by storm
Insurance-linked securities are gaining popularity as a diversifying asset class, but what are the available strategies, underlying risks and costs?
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Special Report
Catastrophe Risk: Earth, wind and diversification
Diversification across catastrophe risks between different territories and natural perils is essential, according to Anthony Harrington
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Special Report
Case Studies: Stability through diversity
Rachel Fixsen speaks to PGGM and AP3, two pioneer investors in the insurance-linked market
