Insurance Linked Securities Interviews

Following a sharp surge in momentum across the insurance-linked securities (ILS) space in recent years, further success in the market hinges on maintaining underwriting discipline and a clear avoidance of past renewal mistakes, Luca Albertini, CEO of Leadenhall Capital Partners LLP, told Artemis in an interview.

Brazil’s developing insurance-linked securities (ILS) market could create a clear route for catastrophe exposures that historically have remained uninsured or concentrated on traditional balance sheets to access institutional capital, Mirelle Pereira, founder of risk intelligence company Santé told Artemis.

As the insurance-linked securities (ILS) and reinsurance markets adapt to an evolving risk landscape spanning geopolitics, climate, and artificial intelligence (AI), new capital structures are emerging to meet growing demand, and Oak Global plans to leverage investor diversification to capture these opportunities, according to CEO and Founder, Cathal Carr.

As institutional investors seek resilient entry points into the re/insurance market, traditional collateralized ILS structures face ongoing challenges surrounding trapped capital and stacked fees. However, investment advisor Resolute Global Partners is presenting an alternative approach by integrating property treaty reinsurance, niche specialty risks, and primary U.S. insurance within a unified, vertically integrated platform.

As Twelve Securis continues to expand its presence across Asia, which includes setting up two new distribution partnerships in Taiwan, Vittorio Sangiorgio, who serves as Head of Investment Solutions at the specialist catastrophe bond and insurance-linked securities (ILS) investment manager, has emphasised how the region offers many opportunities for the ILS market to further expand […]

As the insurance-linked securities (ILS) and catastrophe bond markets continue to embrace artificial intelligence (AI), the technology has the potential to help expand the market into new sectors like data centre risks, according to Ethan Powell, Principal and CIO of Brookmont Capital Management.

As reinsurance sidecars increasingly expand into longer-tailed lines of business, the risk profile of these structures is shifting from traditional underwriting toward asset-side management. According to executives at financial and risk advisory firm Kroll, navigating this momentum requires strict asset-liability matching, robust valuation methodologies, and a deep understanding of complex collateral mechanics.

As Singapore continues to work on plans to adopt a regulatory framework for a Protected Cell Company (PCC) structure to support collateralised reinsurance and ILS issuance, Simon Goh of law firm Rajah & Tann Singapore, has expressed how this flexible structure could ultimately become a game changer for the country’s captive insurance and ILS landscape.

While catastrophe bonds remain an attractive source of diversifying returns, investors focusing solely on public markets are overlooking a massive portion of the market. According to Cahal Doris, CIO of Private ILS at Twelve Securis, combining liquid cat bonds with selectively sourced private ILS is key to unlocking broader diversification and improving long-term, risk-adjusted returns.

As data center exposure continues to grow, it is placing significant pressure on the insurance industry to address these challenges. In light of this, Jason Bolding from Gallagher Securities has emphasised that the growth will require a blend of traditional insurance, reinsurance, captives, catastrophe bonds, and sidecars to effectively fill the widening protection gap.