Rest Super cat bond allocation via Twelve Securis grows ~85% to US $242m in last year
Rest Super, one of the Australian superannuation funds that has around 2 million members and $100 billion in funds under management, has grown its insurance-linked securities (ILS) allocation to catastrophe bonds through ILS manager Twelve Securis over the last year to around US $242 million. Rest Super began allocating to the ILS asset class through […]
Expanding alt capital driving efficiency by moving closer to underlying risks: Aon
In a recent article, global broker Aon has highlighted that the continued growth of alternative capital sources is enabling more efficient risk management by bringing solutions closer with underlying risks. Aon suggests that risk buyers can more readily access these alternative capital sources through a risk capital strategy approach, which can help diversify exposures and […]
NZ Gov Super Fund could expand ILS investments as Elementum Advisors appointed
The Government Superannuation Fund Authority of New Zealand has demonstrated its growing appetite to invest into catastrophe bonds and other catastrophe reinsurance opportunities, by adding insurance-linked securities (ILS) specialist Elementum Advisors to its roster of managers this year. Having invested into insurance-linked securities (ILS) for more than a decade, this is the first expansion of […]
Higher EL cat bonds see growth as investors increase appetite for frequency risks: Moody’s
According to Moody’s Ratings, issuance of higher expected loss (EL) catastrophe bonds has risen slightly in 2024 and 2025, as pricing for higher-severity risks has declined, encouraging investors to allocate more capacity to higher-frequency exposures. It’s important to note that catastrophe bonds that are more exposed to higher frequency losses typically carry higher ELs, while […]
Aggregate cat bonds seeing earlier/faster price recovery on loss-free (so far) hurricane season
Secondary market prices of some catastrophe bonds that provide their sponsors aggregate reinsurance or retrocessional coverage have been increasing at what is viewed as being a faster pace, than is typically anticipated, in recent months, with some sources suggesting a contributor is the fact hurricane season has so far run loss-free in 2025. A number […]
Operational considerations in insurance-linked securities: A trustee’s perspective from HSBC
As the global insurance-linked securities (ILS) market evolves and expands, so too do its operational complexities and counterparty risks. This evolution elevates the trustee from a mere administrator to an essential partner, providing the stability and confidence that allows market participants to thrive in an increasingly demanding landscape, HSBC Bank explains. The Insurance-Linked Securities (ILS) […]
Cat bond market poised to support broader sponsor base amid record issuance: Albertini, Leadenhall
With the catastrophe bond market growing at a rapid pace, the sector is well-positioned to support a broader sponsor base. The increased participation of large institutional investors, whose ability to deploy meaningful allocations remains a testament to the market’s credibility and scalability, further underscores this strength, Luca Albertini, CEO of Leadenhall Capital Partners LLP told […]
CalPERS said to be investing in catastrophe bonds for the first time
CalPERS, the largest public pension fund in the United States with total assets under management of over $582 billion, is making its first ever investment allocation to the insurance-linked securities sector, we understand in catastrophe bonds, Artemis has learned. The California Public Employees’ Retirement System, or CalPERS, is one of the largest institutional investors in […]
Growing opportunity in Latin America for catastrophe bonds and ILS: Fitch Ratings
There is a growing opportunity for further use of catastrophe bonds and insurance-linked securities (ILS) in Latin America, with Brazil’s first ILS deal recently setting a positive example, Fitch Ratings has explained. Commenting on reinsurance market opportunities in Latin America, Fitch said, “Fitch Ratings estimates the Latin American reinsurance market from USD18 billion to USD22 […]
Rising rapid intensification poses new challenges for cat bond investors: Man Group
According to a recent commentary from Man Group, the global alternative and active investment manager, the rising frequency of rapid intensification is posing new challenges for catastrophe bond investors. In its latest commentary, written by Andre Rzym, Partner, Head of Systematic Opportunities at Man AHL and Tarek Abou Zeid, Partner, Head of Client Portfolio Management […]