As the world navigates major challenges, the transitions that are required to do this effectively are going to call on risk capital and the expertise of the global insurance and reinsurance industry, with its capacity, including ILS and alternative sources, seen as a crucial form of financing, according to S&P
Analysts at Citigroup have highlighted a growing financing gap in climate adaptation efforts, saying that as this gap grows and steps to mitigate climate change remain at a pace considered too slow, there will be a need for increasing amounts of capital and catastrophe bonds are a useful structure that
Rating agency Moody’s has shifted its outlook on the global reinsurance sector to positive citing the improvement in risk/return dynamics in the market and saying it anticipates continued strong profitability if major losses remain absent, while also saying property reinsurance rates are expected to remain elevated. At the same time,
The broad benchmark index for insurance-linked securities (ILS) funds, the Eurekahedge ILS Advisers Index, has reported its strongest July performance on record, with ILS funds averaging 1.37% for the month. After which the year-to-date performance for this ILS fund performance index is now the third-highest on record at this stage of
While the retrocession strategies of Europe’s Big Four reinsurance companies may differ, the still relatively new retro option of sponsoring cyber catastrophe bonds may prove to be an area of commonality between them. It is AM Best that highlights the differences between the retrocession strategies of the four major European
SIGLO Capital Advisors AG, a Swiss based alternative asset advisory specialist with an insurance-linked securities (ILS) practice, has reached an agreement to be acquired by Cambridge Associates, a global investment firm. Founded in 2010, SIGLO has around 40 asset management and advisory mandates on behalf of professional and institutional clients
Catastrophe bond maturities are a significant source of liquidity and cash for the market, which is typically reinvested into new cat bond issues and as such the schedule of upcoming cat bond maturities is a key indicator for sponsors and broker-dealers, as well as cat bond investment fund managers. To
A recent article in the mainstream financial press has caused some consternation among catastrophe bond fund managers and end-investors allocating to those strategies, as while it correctly highlighted that cat bond fund returns are down year-on-year in 2024, it failed to discuss the very good reason why 2023’s elevated returns
The use of collateralized retrocession limits has increased among the largest reinsurance companies as alternative capital continues to be a critical source of retro protection, but for some retro buyers the cost of coverage remains too high, S&P Global Ratings has said. In fact, across reinsurance companies analysed by S&P,
The Fundamentals of Insurance-Linked Securities (ILS) is an online professional qualification upgrade course and in-person Swiss summer school convened by Phoenix CRetro Ltd. in partnership with various professional and educational institutions worldwide.
