Alternative capital remains a critical source of retrocessional reinsurance capacity for some of the biggest reinsurers in the market, with it seen to increase in importance for some of the top-tier companies over the last year, S&P Global Ratings has said. In one of the rating agencies typical reports timed
Three key dominant trends have been revealed following a record period of catastrophe bond issuance according to Richard Pennay, CEO, Aon Securities, the specialist investment banking and insurance-linked securities (ILS) broker-dealer unit of the global insurance and reinsurance broker. In its latest ILS annual report, Aon Securities found that 12-month
The government of the Philippines is aiming to secure enhanced climate-disaster risk financing and insurance capacity, with parametric structures likely to play a significant role, while Global Shield financing vehicles are expected to help fund the initiative. The Philippines Department of Finance (DOF) is collaborating with the Global Shield Secretariat
Urs Baertschi, CEO of Property & Casualty Reinsurance at Swiss Re, recently shared his perspective on the challenges and opportunities facing the insurance industry in 2025. Reflecting on his personal aversion to roller coasters, Baertschi compared the highs and lows of amusement rides to the unpredictability of the current risk
African Risk Capacity Limited (ARC), a specialised agency of the African Union, has issued an insurance payout of $2,767,958 to the Government of the Kingdom of Lesotho, after its sovereign drought insurance policy for the 2024/25 agricultural season was triggered. This payout was made possible by the Government’s subscription to
The amount of alternative capital in reinsurance supplied by insurance-linked securities (ILS) strategies and structures has reached a new high of $121 billion as of the middle of 2025, which Aon Securities notes was driven by strong catastrophe bond growth and supported by ongoing expansion of the sidecar sector as
Following its recent publication of a discussion paper on rating insurance-linked securities (ILS), with a focus on catastrophe bonds, Moody’s Ratings has moved forward and developed a new methodology for rating cat bonds and other ILS and is now seeking final feedback before its implementation. Moody’s Ratings published its discussion
The reinsurance market cycle has become more subdued thanks to sound risk management practices, strategic use of technology and a maturing partnership with alternative capital (ILS), according to rating agency AM Best. Commenting this morning on the fact reinsurance firms met their costs of capital for the second year in
The recent growth trend in the alternative reinsurance capital market is forecast to persist into 2026, as supply of capital from investors and demand from sponsors seeking risk transfer remain robust, Fitch Ratings has said. The rating agency also notes how alternative capital and insurance-linked securities (ILS) market growth has