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ORIGINAL PUBLICATION HERE
ILS Diversified Ltd., a fund-of-funds which invests in the insurance and reinsurance linked investments market via allocations to insurance-linked securities (ILS) funds, has outperformed the wider ILS fund market in its first month of operation.
ILS Diversified Ltd. was launched on 1st April by ILS Advisers, the firm behind the Eurekahedge ILS Advisers Index. The Bermuda domiciled fund actively invests in a selected group of ILS funds, aiming to achieve the best possible returns across the market.
On June 3, 2014, Standard & Poor’s Ratings Services affirmed its ‘B-‘ insurer financial strength and counterparty credit ratings on Belarus-based reinsurer Belarusian National Reinsurance Organization (Belarus Re). The ratings were subsequently withdrawn at the issuer’s request. The outlook was stable at the time of withdrawal.