Cat bonds, physical risk insurance a top climate adaptation investment theme: Morgan Stanley
Morgan Stanley recently surveyed over 900 institutional investors to understand their current thoughts on sustainable investments. With climate adaptation and resilience growing in prominence as themes, investors cited catastrophe bonds and physical risk insurance contracts among their top picks. Most institutional investors maintain a positive outlook for sustainable investments, with 84% of those surveyed saying […]
IA’s Stephen Yiu hails ILS a ‘blue ocean’ opportunity for Hong Kong’s insurance brokers
As insurance-linked securities (ILS) continues to gain momentum in Hong Kong, Stephen Yiu, JP Chairman of the Hong Kong Insurance Authority (IA) believes that the market is a “blue ocean” for Hong Kong’s insurance brokers, and an opportunity not to be missed. Yiu, speaking at the CIB Annual Conference, explained that increasingly frequent and severe […]
Catastrophe bond market poised to carry record momentum into 2026: Schwartz, Twelve Securis
With 2025 setting new records for catastrophe bond issuance, the market is expected to maintain its strong momentum as it heads into 2026 as a resilient and growing asset class with strong technical underpinnings, Etienne Schwartz, CIO Liquid Strategies at ILS investment manager Twelve Securis told Artemis. At this time of writing, cat bond issuance across […]
144A property cat bonds hit $20.7bn YTD in 2025, as record FAIR Plan wildfire cat bond settles
Issuance of Rule 144A property catastrophe bonds in 2025 surpassed the $20 billion milestone today as the settlement of the largest wildfire cat bond ever seen, sponsored by the California FAIR Plan, has taken the total for the year-to-date to just over $20.7 billion, Artemis data shows. Full Rule 144A property catastrophe bonds, so those […]
Abu Dhabi regulator seeks input on potential ILS framework, synthetic sidecar concept
The financial regulator in Abu Dhabi is asking for stakeholder and industry feedback as it considers developing a framework to support growth of an insurance-linked securities market there, while also seeking input to a concept for a “synthetic sidecar” structure that would sit within a regulated insurance entity. The Financial Services Regulatory Authority (FSRA) of […]
Galapagos Capital uses SSPE structure to issue R$100m Brazil ILS transaction
Global investment company Galapagos Capital has announced the issuance of up to R$100 million in Insurance Risk Letters (LRS), which are the Brazilian regulatory regime version of insurance-linked securities (ILS), marking the second ever ILS issuance in Brazil, and the first from Galapagos Capital. Recall at the end of 2024, Galapagos Capital received authorisation from Brazil’s […]
Swiss Re working on “future ideas” in ILS. May need less retrocession: CFO and CEO
Swiss Re is working on “future ideas” within its Alternative Capital Partners (ACP) division that focuses on insurance-linked securities and third-party capital management, the firm’s CEO said today. While its CFO explained more on the fact the company may need less external retrocession in 2026. As we reported this morning, Swiss Re has highlighted the role […]
Swiss Re highlights third-party capital investors as supporting nat cat growth
In announcing new targets and a refreshed strategy today, Swiss Re, one of the world’s largest reinsurance companies, has highlighted the role of third-party capital investors in helping to fuel its expansion into natural catastrophe risks over recent years, while also maintaining balanced exposure. Swiss Re explicitly said today, that the growth of its nat […]
Cat bond and ILS structural improvements to persist beyond this cycle: Twelve Securis
Despite catastrophe bond risk spreads having tightened and reinsurance rates being expected to decline at the renewals, specialist insurance-linked securities manager Twelve Securis says the relative value of the ILS asset class remains compelling for investors with structural improvements set to persist. The trend of spread tightening in the catastrophe bond market has been reinforced […]
PGGM / PFZW lift target ILS allocation range for PartnerRe’s Huygen sidecar
PGGM, the Dutch pension fund investor that invests in insurance-linked securities and reinsurance on behalf of its end-client Dutch pension PFZW, has revealed a meaningful increase in the target allocation size for its investment into the PartnerRe operated Huygens sidecar structure. PGGM first allocated to the Huygens structure, which we presume to be a private […]