Swiss Re Global Cat Bond Performance Index returns 11.40% for 2025
The catastrophe bond market experienced its third consecutive year of double-digit returns in 2025, with perhaps the most widely used benchmark, the Swiss Re Global Cat Bond Performance Index, delivering a total return of 11.40% for the period. That makes 2025 the sixth best year of returns in the history of this longstanding benchmark index […]
UCITS catastrophe bond funds added $5.3bn+ in 2025, reaching $19.12bn AUM
Catastrophe bond funds in the UCITS format closed out a stunning year of growth to reach a significant $19.12 billion of combined assets under management by the end of 2025, representing a record $5.3 billion or almost 39% in growth over the twelve months. 2025 was of course a record year for catastrophe bond issuance, as […]
Performance, diversification, attractive relative value support ILS demand: Ruoff, Schroders Capital
As the insurance-linked securities (ILS) sector expands, investors are being drawn to the market by its strong performance over the past several years, its diversification benefits, and the attractive relative value currently offered by catastrophe bond spreads compared with those of other asset classes, according to Schroders Capital’s Stephan Ruoff. As the ILS sector moves […]
Twelve Securis launches new RT1-focused insurance-linked investment fund strategy
Specialist insurance-linked securities manager Twelve Securis has launched a new insurance-linked investment fund strategy that will primarily focus on Restricted Tier 1 (RT1) insurance debt instruments. According to the firm, the new strategy, which is called The Twelve Securis Credit Fund, aims to deliver attractive risk-adjusted returns by investing primarily in RT1 debt issued by […]
Catastrophe bond market records that were broken in 2025
Catastrophe bond market activity in 2025 resulted in a landmark year of issuance for the sector, as adoption of the cat bond as a structure for reinsurance protection and alternative asset class accelerated and expanded. Beyond the headline figures, such as 2025 being the first year to see over $20 billion of cat bond issuance, […]
ILW rates fall 10%-20% at Jan renewals, growth to normalise in 2026: Howden Re
As per reinsurance broker Howden Re, industry loss warranties (ILWs) are expected to return to more normalised growth in 2026, as the January 1st reinsurance renewals showed rates falling by 10% to 20%. In its January 2026 reinsurance renewals report, the broker estimated that the ILW segment shrank in 2025 to around US$6 billion. “After […]
ILS funds gain 0.81% in November, taking 11-month return to 10.40%: ILS Advisers Index
The insurance-linked securities (ILS) fund sector gained 0.81% on average for November 2025, lifting the group of cat bond and ILS funds tracked by the ILS Advisers Fund Index to an average 11-month return of 10.40%. November 2025 saw the average returns of the insurance linked securities fund sector falling back slightly, although still delivering well-above average […]
Reinsurance sidecar market hits $19.6bn. Property $17.9bn, casualty $1.7bn: Aon Securities
The outstanding market for collateralized reinsurance sidecar structures has continued to grow at pace thanks to investor interest in the structures, with the latest estimate from Aon Securities putting invested capital in sidecar vehicles at a new high of $19.6 billion. Aon’s latest estimate shows growth in both property and casualty reinsurance sidecars in the second-half of […]
Alternative capital hits $124bn. Consistent investor appetite to drive it higher still: Aon
Alternative reinsurance capital, so that deployed through insurance-linked securities and related collateralized structures, reached a new high of $124 billion as of September 30th 2025, according to Aon and the broker expects the growth trend to persist as third-party investors show “consistent” appetite for returns from the sector. In a just released new report from […]
Catastrophe bond market expected total return just 6% for 2026: Lane Financial
2026 begins with a “historically” soft market for the insurance-linked securities (ILS) sector, consultancy Lane Financial LLC said in a new analysis of market pricing and return potential, as catastrophe bond multiples have declined resulting in a forecast for the year ahead of a total return of just 6% after expected losses. Each year Lane […]