Diversifying spreads and normalised valuations reshape cat bond market in 2025: Steiger, Icosa
2025 saw a long-standing pattern reverse within the catastrophe bond market, as diversifying risks began offering spreads comparable or higher than those of traditional peak perils, while valuations between index-linked and indemnity structures normalised, Florian Steiger, CEO of Icosa Investments AG highlighted in a recent report. Steiger explained in the report that this combination has […]
Franklin Templeton moderates cat bond conviction to overweight, remains neutral on other ILS
Franklin Templeton Investment Solutions, the hedge fund-focused arm of the global asset manager, has moderated its stance on catastrophe bonds from ‘strongly overweight’ to ‘overweight’. Despite this shift, the manager maintains that the asset class remains attractive. Meanwhile, the firm’s neutral stance on other insurance-linked securities (ILS), including private collateralized reinsurance, retrocession, and industry loss […]
Private ILS offers better spreads than cat bonds; market remains attractive: Ruoff, Schroders Capital
Despite a decrease in spread multiples, the private insurance-linked securities (ILS) market continues to remain attractive both in absolute terms and in comparison, to the catastrophe bond market, Stephan Ruoff from Schroders Capital told Artemis. Ruoff, who serves as Co-Head of Private Debt & Credit Alternatives, Chairman ILS at Schroders Capital, recently spoke to Artemis […]
2025 – The year the original vision for catastrophe bonds was realised: Twelve Securis
With surging issuance and demand from investors in 2025, it was the year that the original vision for what the catastrophe bond market could become was realised, as they cemented their position as core protection and became a truly established asset class, investment manager Twelve Securis has said. In a recent investor commentary on the […]
Schroders Capital’s ILS unit partners with ETH Zurich to enhance hurricane risk modelling
Schroders Capital’s insurance-linked securities (ILS) division has partnered with ETH Zurich, a public university in Zurich, Switzerland, to launch an industry-first independent research project that’s designed to enhance hurricane risk modelling for the ILS sector. According to the announcement, this initiative, which is supported by the Swiss Innovation Agency, Innosuisse, will integrate state-of-the-art climate science […]
Global insured losses from natural disasters hit $127bn in 2025: Aon
According to insurance and reinsurance broking group Aon, global insured losses from natural disaster events in 2025 reached $127 billion, marking the sixth consecutive year that insurance payouts have exceeded the $100 billion threshold. The firm also reported that global economic losses from natural disasters reached $260 billion in 2025, marking the lowest level recorded […]
Cat bond returns to remain competitive in 2026 despite rising capital pressure: Fitch
Coming off an impressive year for the catastrophe bond market, which saw a number of new annual records set, investors are reinvesting their robust returns back into the insurance-linked securities (ILS) space, which according to Fitch Ratings, will further expand capital and pressure returns throughout 2026. In a new report, Fitch said: “ILS capital reached another […]
GIFT City ILS regime success requires clear objectives: Reynolds, Peak Re
The ambition to establish India’s GIFT City as a hub for insurance-linked securities is gaining momentum. However, as Iain Reynolds, Head of Third-Party Capital at Peak Re, noted at the IFSCA-IRDAI-GIFT City Global Reinsurance Summit 2026 today, success requires more than just a regulatory framework, it requires a clear focus on what the regime is […]
Florida Retirement System Pension sees strong returns from ILS, allocation nears $2bn
The Florida Retirement System Pension Plan, which is administered by the Florida State Board of Administration, has benefited from very strong performance across its allocations to insurance-linked securities funds, with its assets invested in ILS now approaching $2 billion. Insurance-linked security fund investments have been a growing component of the Florida state pension plan’s allocations […]
Cat bonds and LRS to widen Latin America’s insurance debt market: Fitch
According to Fitch Ratings, recent catastrophe bond and insurance risk letters (LRS) issuances within Latin America represent a strategic opportunity to expand and sophisticate the regions’ insurance debt market. In a recent report released by the ratings agency, analysts outline how Latin America’s insurance debt market is currently undergoing a “significant change”, shaped by regulatory […]