Insurance Linked Securities Interviews

After a significant year for insurance-linked securities (ILS) in 2025, as the market transitions into 2026, it will be essential to observe how the industry evolves, especially through the introduction of new product types, the involvement of first-time participants, and the expansion of peril classes, according to Lara Mowery, Chief Commercial Officer at reinsurance broker […]

As innovation and global participation within insurance-linked securities (ILS) accelerates, the market is expected to continue evolving into an increasingly central part of the globe’s risk-transfer infrastructure, according to executives at Howden Capital Markets & Advisory (HCMA).

A number of specialty insurers are increasingly turning to parametric insurance solutions as an effective tool to help support clean energy deployment, particularly by stabilising revenues and improving access to project finance, according to Jason Kaminsky, CEO, kWh Analytics.

With investor sentiment across insurance-linked securities (ILS) remaining highly constructive, ILS manager Twelve Securis is aiming to preserve the resilience and clarity of its portfolios throughout 2026, while continuing to deliver stable, attractive returns within the market, executives from the firm told Artemis.

At a time where hedge funds are increasingly attracted to the insurance-linked securities (ILS) market, they are also adding significant pressure to recruitment within the space, which according to 20Twenty Search’s Jason Sykes, raises questions about its impact on talent and market stability.

As the insurance-linked securities (ILS) sector moves into 2026, one key challenge and opportunity that the market faces lies in the push for greater market liquidity, with senior executives from reinsurer Swiss Re noting that the space is still far from achieving robust daily pricing and dedicated liquidity providers.

During an interview, executives at Howden Capital Markets & Advisory outlined how the catastrophe bond market has evolved into a well-established asset class that helps strengthen systemic resilience for public and private entities, while also acknowledging how private ILS continues to present attractive opportunities for cedants and investors heading into 1.1 and beyond.

The private insurance-linked securities (ILS) market is approaching the January renewals from a strong standpoint, with capacity projected to be marginally higher, which may exert some pricing pressure. However, according to Cahal Doris, CIO Private ILS at Twelve Securis, the firm still expects to observe technical discipline within the market.

With 2025 setting new records for catastrophe bond issuance, the market is expected to maintain its strong momentum as it heads into 2026 as a resilient and growing asset class with strong technical underpinnings, Etienne Schwartz, CIO Liquid Strategies at ILS investment manager Twelve Securis told Artemis.

Having recently launched the OAK Enterprise retrocession focused Syndicate 1440 at Lloyd’s, executives from the company spoke with Artemis to discuss the opportunity they see in writing retro with the backing and support of third-party capital investors, as well as use of the London Bridge ILS structure to channel funding.