Understanding (re)insurance portfolio valuation in real time
Annual returns of the ‘RISX’ equity index of listed companies with Lloyd’s businesses remained strong, and with lower correlation
ICMR analysis shows (re)insurer P/b’s close to long term highs, but still relatively undervalued
Using the reported data of the RISX index constituents ICMR forecasts Lloyd’s will report best underwriting result since 2014
Successful leaders and smart follow-onlys likely to benefit at the expense of a middle market squeeze
Successful follow-only strategies can create more value than those of traditional leadership roles
Enhance solvency using swaps to take advantage immediately post-event
ICMR’s mark-to-model valuation for Lloyd’s investments
To assess whether investments in Lloyd’s are worthwhile, investors’ expected returns must be compared against the weighted average cost of capital (WACC).
Those two simple questions motivated our research into how capital markets data could be used to provide answers on Lloyd’s valuation and to measure its evolution over time. This culminated in the ICMR RISX index, launched in May 2021.
ICMR’s estimate is based on the aggregated combined ratio of the RISX equity index constituents.
RISX index suggests tidy return for Ascot’s investors
What do capital markets tell us about premium rate change for the global specialty (re)insurance industry?
This article outlines some of the drivers behind the creation of the RISX index
ICMR launches innovative new ‘(re)insurance specialty equity index’ and selects Moorgate Benchmarks as its administrator