Insurance Linked Securities Interviews

Several tailwinds buoyed Hiscox ILS throughout 2021 and with investor interest and enthusiasm remaining healthy, there’s “plenty of causes for optimism and opportunity,” according to Dr. Ben Fox, Principal, Portfolio Manager at Hiscox ILS.

Early indications suggest that retrocession prices will increase significantly at the January 2022 renewal season, as rates need to get to levels that are commensurate with the risks assumed, according to Frank Reichelt, Head Northern, Central & Eastern Europe, Swiss Re.

For our latest Artemis Live video interview, we were joined by Tom Johansmeyer, Head of PCS to discuss the subject of cyber risk and ask the question, why isn’t it a bigger exposure in the insurance-linked securities (ILS) market?

Aspen Insurance Holdings Limited looks to bring third-party reinsurance capital to every transaction, and as the re/insurer’s capabilities here continue to evolve, insurance-linked securities (ILS) capacity has become central to its thinking, according to Christian Dunleavy.

The increasingly sophisticated base of investors in the insurance-linked securities (ILS) universe are eager to push the market forward, but there are some forces holding back greater demand, according to industry experts.

Schroders Capital continues to explore opportunities to expand its specialist insurance-linked securities (ILS) investment management business, with the Lloyd’s market and run-off business seen as two possible avenues of opportunity.

ILS fund managers and reinsurance companies both need to demonstrate they can deliver the returns their investors are expecting, as it is clear that in 2021 “capital is not coming in at any cost,” according to Luca Albertini, CEO of London-headquartered Leadenhall Capital Partners LLP, a subsidiary of MS Amlin.

The upward trajectory of rates on line will continue at the January 1st 2022 reinsurance renewals, including European accounts hit by losses this year, according to Sven Althoff, executive board member at Hannover Re.

There is a clear and ongoing ‘flight to quality’ where ILS funds are concerned, according to Dirk Lohmann, Chairman and Flavio Matter, Head of Origination, ILS, at Schroders Capital.

The recent Sustainable Finance Disclosure Regulation (SFDR) introduced by the EU poses “significant challenges” and tough questions for ILS fund managers looking to build a green reputation, notes Joel Smith, Associate Partner at Synpulse Management Consulting.