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GLRE - Majority Of ILS Advisers Tracked Funds Negative In May 2019. Index Falls To -1.13%
Greenlight Reinsurance Ltd.
Only 5 of the 33 insurance-linked securities ((ILS)) funds tracked by ILS Advisers reported positive returns in May 2019, as catastrophe loss creep and cat bond price pressure dented sector returns, resulting in the Index falling to a negative -1.13% for the month.
That's the lowest monthly return for the Eurekahedge ILS Advisers Index since last November, when the wildfires hit the ILS and collateralized reinsurance market, and reflects just how difficult ongoing loss creep has made life for some ILS funds.
Typhoon Jebi was the major source of catastrophe loss creep in May 2019,