Alternative reinsurance capital hit new $115bn high at end of 2024: Aon
The amount of alternative capital from insurance-linked security (ILS) and third-party investor sources in the global reinsurance market grew by 7% in 2024, to end the year at a new high of $115 billion, according to Aon’s Reinsurance Solutions. When Aon last reported on alternative and ILS capital in the reinsurance market, the figure was $113 […]
Plenty of headroom left in higher reinsurance attachments, despite inflation: J.P. Morgan
Equity analysts from investment bank J.P. Morgan came away from a recent visit to companies in the London insurance and reinsurance market with the impression that underwriters feel there is plenty of headroom left in the higher attachment points still installed across the sector, despite inflationary influences on losses. “We came away from the tour […]
ILS fund return dispersion high again in Feb, on CA wildfire & Helene flood losses: ILS Advisers
The ILS Advisers Fund Index has reported a +0.17% return for February 2025, but the company has highlighted a second consecutive month where there was a broad dispersion between ILS fund returns and performance, as effects from losses due to the California wildfires continued to flow through the market. In addition to the wildfire related negative performance […]
ILS appeal lies in being the only truly uncorrelated asset class: Gibson, Schroders Capital
Insurance-linked securities (ILS) continue to stand out as a compelling asset class, not just for their strong returns, but for their unique ability to remain uncorrelated with broader financial markets, according to Mark Gibson, Senior Investment Director, ILS, at Schroders Capital. The Swiss Re Global Cat Bond Index posted record gains of 17.3% in 2024 […]
CEA revises cat bond issuance guidelines, says April reinsurance renewal a success
The Governing Board of the California Earthquake Authority (CEA) approved a revision to its guidelines for engaging in catastrophe bond risk transfer to the capital markets this week, while also noting a successful reinsurance renewal at April 1st, saying it secured favourable pricing and limit. The California Earthquake Authority (CEA) is a significant buyer of […]
Cat bonds move up to contribute 32% of CEA’s smaller still $7.72bn reinsurance tower
As the California Earthquake Authority (CEA) risk transfer needs have been adjusting and its reinsurance tower shrinking, catastrophe bonds now make up almost 32% of the total as of February 28th 2025. The CEA’s risk transfer tower had sat at just over $9.15 billion of limit as recently as following the June 2024 reinsurance renewal season, but […]
SCOR targets $200m Atlas Capital 2025-1 multi-peril catastrophe bond
France-headquartered global reinsurance company SCOR is back in the catastrophe bond market seeking $200 million or more in fully-collateralized retrocession from an Atlas Capital DAC (Series 2025-1) issuance, Artemis has learned. This new Atlas Capital DAC Series 2015-1 catastrophe bond will be the nineteenth from SCOR to use the Atlas name and the twentieth cat bond from […]
Cat bonds attractive. Elevated risk premia, robust demand could drive record issuance: Kepler
The catastrophe bond market continues to present a compelling investment opportunity, with elevated risk premiums, strong demand from insurers and investors, and favourable pricing dynamics likely to drive record issuance in 2025, according to analysis by Kepler Absolute Hedge, a research and data-led provider of insight into hedge fund strategies. Cat bonds delivered strong returns […]
FT: Protectionism will help push up insurance prices, says Lloyd’s of London chief
John Neal warns geopolitics and regulatory requirements will add to cost of policies. FULL ORIGINAL PUBLICATION HERE
Florida State Board considers specialty, casualty, cyber ILS opportunities
Having previously said it was researching how to expand its insurance-linked securities (ILS) allocations beyond natural catastrophe risk, at a recent meeting executives of the Florida State Board of Administration explained that specialty lines, as well as casualty and cyber risks could be in scope for the large ILS allocator. The Florida State Board of […]