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 […]
Secondary perils drive record 92% of 2025’s $107bn global insured losses: Swiss Re
According to a new report from Swiss Re Institute, whilst global insured losses in 2025, at US $107 billion, fell below the long-term natural catastrophe trend, secondary perils, including severe convective storms (SCS), wildfires, and floods, accounted for a record 92% of the total. The Los Angeles wildfires from the start of 2025, which contributed […]
Terrorism cat bonds help distance taxpayers from potential loss: GC’s Gallagher at IFTRIP
Speaking at the International Forum of Terrorism Risk (Re)Insurance Pools in Sydney, Australia today, Guy Carpenter’s Asia Pacific CEO, Tony Gallagher, has explained the importance of retrocession markets in supporting provision of terrorism reinsurance, highlighting catastrophe bonds as an important and growing mechanism. The IFTRIP event brings together the government regulators, insurance and reinsurance companies […]
Pool Re in the market with a new Baltic terrorism catastrophe bond
Pool Re, the UK government backed mutual terrorism reinsurance firm, is back in the catastrophe bond market to sponsor its fourth terrorism catastrophe bond, with a Baltic PCC Limited (Series 2026-1) issuance being offered to investors, we understand. When Pool Re announced its latest retrocession program renewal earlier this month, we indicated that sources were saying at […]
Basis risk a manageable, programmable feature of parametric triggers: Research
A new study authored by Hang Gao, et al published in The Geneva Papers on Risk and Insurance has highlighted how basis risk is a manageable and structural feature of parametric triggers, decoupling it from financial impacts on insurers or policyholders to focus on its fundamental properties. According to the paper, weather parametric insurance has […]
Industry index cat bonds outperformed market post-hurricanes Ian and Irma: Neuberger Berman
A recent report from investment manager Neuberger Berman has indicated that industry index catastrophe bonds have outperformed the broader cat bond market with respect to realised losses and mark-to-market performance, following the occurrences of both hurricanes Ian and Irma. The firm’s latest report, A Validation Study of Catastrophe Bond Losses Over Time, provides a detailed analysis […]