Insurance Linked Securities Interviews

The momentum seen in the catastrophe bond market over the last year is expected to persist, with further growth in the amount of cat bonds outstanding expected by year-end 2024, Shiv Kumar, President of GC Securities told us in an interview.

Although Christian Bruns, Partner and Portfolio Manager at LGT ILS Partners Ltd., noted that transacting cyber risk in an excess-of-loss format may not currently be in the best interest of the firm’s investors, he highlighted the potential to transact the risk in a quota-share format through its in-house rated reinsurance carrier, Lumen Re.

Interest in private ILS opportunities, so collateralised reinsurance and retrocession arrangements, has been rising and continues to, Marcel Grandi of Twelve Capital believes. He also thinks these instruments afford an investment manager more scope, in terms of investment options beyond catastrophe bonds and tailoring portfolios.

Alternative capital has become an important part of the reinsurance industry’s capital structure, according to Urs Baertschi, CEO of P&C Reinsurance at Swiss Re.

The evolution of investor’s and capital’s view of opportunities in the insurance-linked securities (ILS) space has been particularly rapid over the last couple of years and Chris McKeown of Vantage Risk believes collateralized reinsurance opportunities and new lines of business are increasingly of interest.

As the insurance-linked securities (ILS) industry looks towards the end of year renewals, Stephan Ruoff of Schroders Capital told us that ILS managers need to maintain clear investment principles, stay disciplined and be judicious in their selection of risks and counterparties.

The life reinsurance industry in Bermuda has embraced the use of third-party capital structures and investor relationships, with sidecars now an established and growing feature of the market, Damian Cooper of PwC Bermuda explained in a recent video interview.

Independent, licensed insurance manager, Polo Insurance Managers (PIM), offers optionality and a unique proposition, providing independent professional management services to ILS, Commercial and Captive clients, Chief Executive Officer (CEO) Mark Elliott told Artemis at this year’s RVS in Monte Carlo.

The strategy of the Alternative Capital Partners (ACP) division of global reinsurance giant Swiss Re remains unchanged, according to its new Head Chris Minter, who told us the company continually reviews how it can expand its offering for investors.

Investor sentiment for accessing the specialist Lloyd’s insurance and reinsurance marketplace is very strong as scepticism around the market following some turbulent years has eased on the back of impressive results, according to executives at Argenta Private Capital Limited (APCL).