RISX: ICMR (Re)Insurance Specialty Index

Equity benchmark for investments in Lloyd’s

The RISX Index was developed by Insurance Capital Markets Research (ICMR), the analytic and consulting firm founded by the former heads of research and analysis at Lloyd’s of London (Lloyd’s).

The ICMR (Re)Insurance Specialty Index (RISX) is an equity benchmark based on publicly listed companies with underwriting subsidiaries in the Lloyd’s insurance market. The index measures their aggregate equity performance, weighted by premiums underwritten both at Lloyd’s and globally.

The RISX Index is administrated and calculated daily by Moorgate Benchmarks Ltd as a Price Return Index (Ticker: RISX) and a Net Total Return Index (Ticker: RISXNTR), i.e. dividends reinvested net of withholding taxes.

©Insurance Capital Markets Research. Index administrator and calculator: Moorgate Benchmarks Ltd
YTD: Year-to-date, ITD: Inception-to-date, Inception date: 2006-06-16. Please contact ICMR for the historical RISX index data.
All performance shown prior to 2021-03-22 was retrospectively calculated by application of the Index Methodology

The RISX Index aims to provide an equity benchmark better suited to specialty (re)insurance underwriting than other, more generalist insurance equity indices. The RISX Index uses ICMR’s transparent weighting methodology based on reported premiums underwritten, which gives a more appropriate mix of underlying risk than a traditional market capitalisation weighting, whilst ensuring sufficient liquidity in the underlying index components.

Key documents

RISX Index

Factsheet

Summary of key statistics

White paper

Overview and background

Methodology

Selection and weighting process

Benchmark Statement

UK and EU BMR Benchmark Statement

Press Release

ICMR launches RISX Index with Moorgate Benchmarks

About ICMR

Insurance Capital Markets Research is the trading name of IC Markets Research Ltd, registered in England & Wales with number 12561699

ICMR logo


Insurance Capital Markets Research (ICMR) provides quantitative research on the global specialty (re)insurance industry. ICMR’s clients are insurance carriers and intermediaries, investors from capital markets, as well as Lloyd’s managing agencies.

A core capability of ICMR is the independent assessment of performance and return profiles of insurance entities and portfolios. Our research focuses on investment strategies and products to access the global specialty (re)insurance industry and Lloyd’s of London in particular.

ICMR was founded by Lloyd’s former heads of analysis and research Markus Gesmann and Quentin Moore. Having also worked together in the capital markets and ILS, they founded ICMR in early 2020 and launched the RISX Index in 2021.

For more information, licensing and contact details visit: https://insurancecapitalmarkets.com

Disclaimer

The information contained herein (the "Information") may not be reproduced or disseminated in whole or in part without prior written permission from Moorgate Benchmarks. The information may not be used to verify or correct other data, to create indexes, risk models, or analytics, or in connection with issuing, offering, sponsoring, managing or marketing any securities, portfolios, financial products or other investment vehicles. Historical data and analysis should not be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. Neither Moorgate Benchmarks nor ICMR nor any of their respective subsidiaries or their direct or indirect suppliers or any third party (the "Parties") involved in the making or compiling of the Information makes any warranties or representations and to the maximum extent permitted by law hereby the Parties expressly disclaim all implied warranties including warranties of merchantability and fitness for a particular purpose. Without limiting any of the foregoing and to the maximum extent permitted by law in no event shall the Parties have any liability regarding any of the Information for any direct, indirect, special, punitive, consequential (including loss of profits) or any other damages even if notified of the possibility of such damages. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited. Neither ICMR, nor Moorgate Benchmarks nor RISX are associated or affiliated in any way with Lloyd’s of London or the Society of Lloyd’s or the Corporation of Lloyd’s.