Swiss Re Insurance-Linked Fund Management

Original Risk: A Society for Change Agents

Artemis Live interview: ILS appetite for political violence risks, with PCS’ Johansmeyer

Share

For our latest Artemis Live interview we were joined by Tom Johansmeyer, Head of PCS, to discuss the insurance-linked securities (ILS) market’s appetite to invest in strike, riot & civil commotion (SRCC) or political violence related reinsurance risks.

Tom Johansmeyer, Head of PCSThe discussion came about because of a recent piece of work undertaken by Tom and his team, in which they polled the insurance-linked securities (ILS) market for its view on political violence as a class of business, including strike, riot and civil commotion (or SRCC) risks.

Tom and his team at PCS surveyed some 60% of the ILS fund market, by assets under management, equating to around 15 firms, to find out what ILS managers themselves think about SRCC or political violence risks and what it might take to make it a class of business they want to underwrite, as well as what if anything might stop them from doing so.

While ILS fund mandates can be very prescriptive and so include these kinds of risks in some cases, they aren’t always the main blocker.

Instead it seems price and structure are the main issues blocking ILS funds from embracing these kinds of risks within their portfolios, as there just aren’t the deals coming to market, at pricing that would be attractive, or structured in a way that complements on ILS investment strategy it seems.

But Johansmeyer believes there’s a need for more capacity, to enable the insurance and reinsurance market for SRCC and other kinds of political violence to function better, with a role for ILS funds in providing some of that, likely on a retrocessional basis to begin.

The full video interview is embedded below and can also be viewed in full, along with previous Artemis Live video interviews, over on our YouTube channel.

You can also listen in audio to our interviews by subscribing to the Artemis Live podcast here.

All of our Artemis Live video interviews have a focus on reinsurance, ILS and the efficiency of risk transfer and can be accessed directly from our YouTube Channel.

You can also listen in audio to these interviews by subscribing to the Artemis Live podcast here.

We’re offering sponsorship opportunities for our broadcasts, including pre-roll adverts or simply sponsor the entire series, as well as facilitating one-off sponsored webinars and virtual events including roundtables, to help companies access our market-leading audience. Please get in touch to discuss.

Register today for ILS NYC 2023, our next insurance-linked securities (ILS) market conference. Held in New York City, February 10th, 2023.

Artemis ILS NYC 2023 - Insurance-linked securities conference in New York City

Get a ticket soon to ensure you can attend. Secure your place at the event here!

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.