ADB issuing its first parametric catastrophe bonds, for Kyrgyz Republic & Tajikistan
The Asian Development Bank (ADB) is in the market to issue its first catastrophe bonds with two offerings totalling $150 million of notes, that are designed to provide $75 million of multi-year parametric earthquake and extreme precipitation disaster risk transfer to each of the Kyrgyz Republic and Tajikistan, Artemis can report. We understand these first two catastrophe bonds […]
Alternative / ILS reinsurance capital grew 18% to $136bn in 2025: Aon
Alternative or third-party reinsurance capital, so that deployed through insurance-linked securities and related collateralized structures, grew by 18% over the course of 2025 and 10% just in the fourth-quarter to reach a record $136 billion at the end of the year, according to the latest estimate from broker Aon. In a just released new report […]
Plenum urges European Commission not to adopt ESMA’s UCITS cat bond recommendation
Plenum Investments, the Zurich based specialist catastrophe bond and insurance-linked securities (ILS) investment manager, has published a position paper clearly communicating its thoughts on the European Securities and Markets Authority (ESMA) recommendation regarding cat bond eligibility under the UCITS investment framework. Recall that, the European Securities and Markets Authority (ESMA) made a recommendation in June 2025 to […]
LA wildfires a real-world stress test. Investor confidence in wildfire cat bonds rose: Swiss Re
The devastating Palisades and Eaton wildfires that struck the Los Angeles area in January 2025 served as a real-world stress test for outstanding wildfire catastrophe bond structures, while also increasing investor confidence in allocating to the wildfire peril, according to Swiss Re Capital Markets. In its recently published ILS market insights report, Swiss Re Capital […]
Casualty represents the next evolution of ILS exposure, says Cohen & Company
In its recently published whitepaper, Cohen & Company Asset Management, the fixed income financial services investment specialist, explained that due to advances within structuring, analytics, and governance, combined with growing investor familiarity, the firm believes that casualty represents “the next evolution of ILS exposure.” Casualty ILS remains a relatively new and developing part of the […]
ILS manager execution quality increasingly important in a normalising market: Twelve Securis
According to a new report from specialist insurance-linked securities (ILS) manager Twelve Securis, as the investment environment within ILS continues to evolve and spreads normalise from recent highs, the margin for error is narrowing, making execution quality more important than ever. The firm outlines that within this environment, sustained performance depends on deep research capabilities, […]
Delineation between UNL and parametric triggers fundamental to unlocking ILS growth: Augment Risk
As the insurance-linked securities (ILS) market continues to expand, Augment Risk is positioning parametric triggers not merely as a peripheral alternative, but as a central, diversifying asset class defined by its structural independence from traditional indemnity-based retrocession, a shift the firm believes is fundamental to unlocking the next phase of third-party capital allocation. Artemis recently […]
Blending public and private ILS essential to moderate structural trade-offs: Schroders Capital
While public and private insurance-linked securities (ILS) offer distinct pathways to insurance risk premia, the choice between them involves more than just a calculation of risk and return. According to Mark Gibson, Senior Investment Director at Schroders Capital, the true dividing line for investors is the degree of liquidity and transparency they are willing to […]
Coca-Cola pension fund ILS investment grew to $266m on returns in 2025
The US pension fund of global beverage and food giant the Coca Cola Company saw its investments into insurance-linked securities (ILS) increase in value in the last year to $266 million, reaching their highest level since 2022. The Coca Cola fund ILS allocation is one of the pensions investing in insurance-liked securities (ILS) that we’ve tracked over […]
Cat bonds and ILS exhibit significantly lower volatility during geopolitical stress: Leadenhall
Compared to broader financial markets and asset classes that are more correlated with the global macroeconomy, catastrophe bonds and insurance-linked securities are exhibiting significantly lower volatility in 2026, specialist investment manager Leadenhall Capital Partners LLP has highlighted. With the conflict in the Middle East now set to move into its fourth week, the ramifications of […]