Nascent Re issues its first listed insurance-linked securities, €10m OFS Re preferred shares
Nascent Re Ltd. a licensed reinsurance transformer owned and operated by Bermuda-based Nascent Group, has completed its first issuance of listed insurance-linked securities, as a €10 million tranche of OFS Re Series 2026-001 preferred shares have been admitted to the Bermuda Stock Exchange (BSX). Nascent Group is a technology-driven insurance management, ILS servicing and reinsurance transformer […]
Cat bonds a compelling refuge in times of geopolitical uncertainty and volatility: ILS Advisers
With the conflict in the Middle East continuing to drive uncertainty and financial market volatility, Hong Kong based specialist insurance-linked securities (ILS) investment firm ILS Advisers has highlighted how catastrophe bonds can present a “compelling fixed income refuge” for allocators. With the catastrophe bond market largely unaffected by major global shocks such as wars, given […]
Healthcare of Ontario Pension Plan ILS allocation value rises 9% in 2025, to US $1.44bn
The Healthcare of Ontario Pension Plan (HOOPP), a large Canadian institutional retirement fund, saw its investment allocation to insurance-linked securities (ILS) rising in value by approximately 9% in 2025, lifting its ILS portfolio to approximately US $1.44 billion. The now CAD $132 billion pension fund has been allocating to the insurance-linked securities (ILS) asset class, […]
CalPERS ILS investments hit $1.451bn at YE 2025, with Tangency, Integral, Swiss Re allocations
CalPERS, the largest public pension fund in the United States, ended 2025 with its investments in catastrophe bond and insurance-linked securities (ILS) fund strategies amounting to $1.451 billion, with allocations in place with Tangency Capital, Integral ILS and Swiss Re’s SRILIAC. The California Public Employees’ Retirement System, or CalPERS, is one of the largest institutional […]
CEA risk transfer limit grows slightly to $7.912bn, with catastrophe bonds now 36%
The California Earthquake Authority’s (CEA) reinsurance program grew slightly to include limit of $7.912 billion at the end of 2025, while the catastrophe bond market was providing its largest share of the risk transfer tower ever, at 36% of total limit. In recent year’s, the California Earthquake Authority’s (CEA) need for risk transfer, which it […]
Despite lower expected return, ILS risk premium remains attractive: VP Bank
Given the softening of reinsurance rates and compression in risk spreads across catastrophe bonds and insurance-linked securities, the expected return of ILS investments is generally at a lower level, but private bank and asset manager VP Bank AG has noted that the risk premium available to investors is still attractive. VP Bank has been recommending […]
Collateralized ILS, parametrics playing role in digital infrastructure risks: Goodman, Guy Carpenter
As the insurance and reinsurance market responds to the growing risk capacity needs of the digital infrastructure and data centre build-out, collateralized insurance-linked securities and parametric risk transfer are playing a role in covering exposures such as correlated power grid events, according to Guy Carpenter’s Jeremy Goodman. Speaking yesterday during a webinar on the digital […]
Cat bonds offer more favorable economics than traditional reinsurance in some layers: AM Best
In the current market environment, cedents choosing to sponsor catastrophe bonds can benefit from more favourable economics than with traditional reinsurance covers in some risk layers, rating agency AM Best has said. AM Best has published a detailed new report on catastrophe bonds and insurance-linked securities (ILS), describing the ILS market as having grown from […]
Expansion of catastrophe bonds and ILS credit positive for re/insurers: KBRA
For insurance and reinsurance companies, the expansion of insurance-linked securities and the catastrophe bond market are viewed as credit positive by KBRA, with the rating agency explaining that the additional capacity the ILS market offers is increasingly important, supporting capital flexibility and protecting sector balance-sheets. Increasing volumes of catastrophe bond issuance are creating greater risk […]
Beazley CEO on cyber ILS: Next step is securitisation, transformation, ILS fund launch in 2026
In announcing its results this morning, Adrian Cox, the CEO of Beazley, the London headquartered specialty insurance and reinsurance company, has stated that, when it comes to cyber insurance-linked securities the firm’s next step is to transition into securitisation and transformation of risks, with its dedicated cyber ILS fund planned for later this year. Group […]