Parametric insurance, cat bonds & P3 critical for closing the protection gap: Aon’s Henderson
As extreme weather events become more frequent and severe, closing the widening climate protection gap has never been more urgent. According to Elizabeth Henderson, Global Head of Climate Advisory at broker Aon, financial tools such as parametric insurance, catastrophe bonds, and public-private partnerships (P3) are critical towards building resilience and closing the gap. In a […]
Florida state pension puts specialty and quota share ILS strategy allocations in its pipeline
The Florida Retirement System Pension Plan, which is administered by the Florida State Board of Administration, has new insurance-linked securities (ILS) fund allocations in its pipeline, with specialty and quota share strategies now being assessed for their suitability to add to the portfolio. When we last covered a meeting of the Florida State Board’s Investment Advisory […]
ILS still in a good spot where attractive returns can be made: HCMA CEO Madea
Speaking with Artemis at the Monte Carlo Rendez-vous event, Jarad Madea, Chief Executive Officer, Howden Capital Markets & Advisory explained that the insurance-linked securities (ILS) asset class is “still in a good spot” with attractive returns possible for investors and a clear evolution in the market’s discipline. Leading Howden Group’s activities in capital markets structuring, […]
Collateralized reinsurance and private ILS growth potential highlighted by AM Best
In a recent report, rating agency AM Best points to the potential for expansion of the collateralized reinsurance and private insurance-linked securities (ILS) space, not least as catastrophe bond risk-adjusted spreads tighten this year. The catastrophe bond market has been the main driver of overall growth of third-party and alternative reinsurance capacity provided by ILS […]
Syria gets $7.9m payout from drought parametric policy
A parametric insurance policy has been triggered to provide relief to nearly 120,000 people in Syria after one of the country’s worst droughts in half a century, through an initiative funded by Humanity Insured as part of a wider public–private partnership with the World Food Programme (WFP), the Global Shield Financing Facility, and support from […]
Education and acceptance fuel wave of new sponsors in cat bond market: Adderley, Appleby
With the catastrophe bond market seeing eleven new sponsors enter the space so far this year, the trend highlights how involvement in the market has become more acceptable, and how sponsors are increasingly comfortable with cat bonds overall, according to Brad Adderley, Partner at global law firm Appleby. Artemis spoke to Adderley at RVS in […]
ILS recruitment market seeing business development & analytics demand: Sykes, 20Twenty Search
After a challenging few years that began with the hurricane-heavy season of 2017, the insurance-linked securities (ILS) market has entered a sustained period of strong returns. The rebound is also reshaping recruitment trends, with rising demand being seen for talent in business development and analytics, according to 20Twenty Search’s Jason Sykes. Speaking with Artemis around […]
Private cat bond issuance in 2025 surpasses last year, with $24.4m of new Eclipse Re notes
Private catastrophe bond issuance in 2025 has now surpassed the full-year total from 2024, as three new series of notes issued by the Eclipse Re Ltd. transformer vehicle have come to light and taken this year’s figure to over $465 million. 2024 saw a dip in the volume of issuance coming from private catastrophe bonds, or […]
Legacy market matures. Alternative capital and ILS play increasing role: PwC report
As PwC released its sixteenth Global Insurance Run-Off Survey report today, we took a look at what the legacy reinsurance sector is saying about the growing use of alternative capital in the space, as well as how legacy solutions are now serving insurance-linked securities (ILS) funds and investors as well. PwC releases its legacy report […]
Alternative and traditional reinsurance capital, it’s not either or, it’s both: Baertschi, Swiss Re
Urs Baertschi, CEO of P&C Reinsurance at Swiss Re, today emphasised that the company’s third-party capital markets focused Alternative Capital Partners (ACP) division remains an important part of the services and capabilities offered to its clients, while also saying that when it comes to the reinsurance sector’s capital pools, it’s not a case of “either […]