28% of reinsurance buyers expect to increase alternative capital use in 2027: Moody’s
For the insurance-linked securities (ILS) market, one of the most promising findings of Moody’s Ratings annual survey of reinsurance buyers is that 28% of respondents said they anticipate increased use of alternative capital sources in 2027. At a time when the ILS market has grown strongly and catastrophe bond issuance has soared, while the routes […]
CalPERS ramps up cat bond and ILS investments to near $2.5bn valuation at mid-year 2026
CalPERS, the largest public pension fund in the United States, has continued to expand its investments in catastrophe bond and insurance-linked securities fund strategies with the combined valuation of its allocations to the asset class nearing $2.5 billion at the mid-point of 2026, an increase of around 70% just in the first-half of this year. […]
Reinsurance offers strong diversification with total return potential: US Bank
A recent report authored by wealth managers at US Bank, the fifth-largest commercial bank in the United States, has outlined key opportunities for qualified investors in the reinsurance market, with the firm particularly highlighting how reinsurance offers effective diversification with total return potential, making a strong case for its inclusion alongside traditional assets due to […]
Casualty ILS inflows an incremental negative. Cat may soften more than RVS suggests: KBW
Analysts from KBW see the influx of capital into the casualty reinsurance market through insurance-linked securities structures as negative for reinsurers, while on the property catastrophe side they caution that rate softening often tends to be more pronounced than the headlines from the RVS suggest. KBW’s analyst team attended the 2026 Monte Carlo Rendez-Vous (RVS) […]
Catastrophe bond market shifts further towards indemnity triggers and per-occurrence coverage
Over the last year and through the record-levels of issuance in 2026 so far, the catastrophe bond market’s outstanding exposure has shifted further towards indemnity triggers and per-occurrence coverage, as preference for these types of deals continues to rise, both on the sponsor and investor side. Using Artemis’ extensive catastrophe bond database, we can visualise this […]
Retrocession set for comeback as conditions evolve. Collateralized tail protection stable: S&P
Retrocession is back in fashion as market conditions evolve across reinsurance and rating agency S&P believes retro buying is set for a comeback, as reinsurers recognise favourable pricing and conditions for protection, while looking to manage their catastrophe limits in a softening market. S&P Global Ratings highlights that “catastrophe risk appetite could become more subdued […]
Data centre opportunity for ILS capital must be effective in terms of the economics: Swiss Re
When it comes to alternative sources of reinsurance capital and insurance-linked securities (ILS) investors supporting the massive need for capacity to insure and reinsure the data centre build-out, Swiss Re executives explained in Monte Carlo that it must be effective in terms of the economics. With the reinsurance industry meeting in Monte Carlo at the […]
Sidecar growth signals strong investor appetite, but structure remains key: Anthony McKelvy, Northern Re
While growth in sidecar capital reflects a healthy demand for insurance-linked returns, long-term success will depend on the level of sophistication of structures sitting behind carrier balance sheets, Anthony McKelvy, Managing Partner of collateralized reinsurance company Northern Re told Artemis. Speaking to Artemis around the time of the 2026 Monte Carlo Rendez-vous event, McKelvy shared what […]
ILS market structurally healthy, but faces crucial test in cycle management: Steiger, Icosa
Following several years of strong returns and renewed inflows, the insurance-linked securities (ILS) market currently sits in a structurally healthy position, however this recent momentum must be balanced with disciplined cycle management, Florian Steiger, CEO and Founder of Icosa Investments told Artemis in an interview. Speaking to Artemis just before the 2026 Monte Carlo Rendez-Vous […]
Cat bonds and casualty sidecars buoyant, but investors still don’t like surprises: Josefs, S&P
At the S&P Global Ratings briefing in Monte Carlo at the RVS, Maren Josefs, Credit Analyst at the company explained that the big stories in insurance-linked securities has been catastrophe bonds and casualty sidecars this year, but she cautioned the market to remember that investors still don’t like surprises. Josefs explained the ILS market backdrop, […]