Cat bonds – Maintaining an equilibrium in value, for sponsors & investors: ILS NYC 2026 video

This new video features another panel discussion from Artemis ILS NYC 2026, a session focused on the cat bond marketplace, from our tenth catastrophe bond and insurance-linked securities (ILS) conference in the ILS NYC series, held on February 6th 2026 in New York.

With over 450 people attending, ILS NYC 2026 was our largest conference yet, with the majority of key players in the insurance-linked securities market represented, alongside protection buyers, our biggest ever contingent of end-investors, asset managers and investors seeking education and contacts as they consider the asset class, as well as most of the ILS market’s leading service providers.

The next video we are publishing is from a panel session focused on the catastrophe bond market segment, titled “Cat bonds: Maintaining an equilibrium in value, for both sponsors and investors.”

This cat bond focused panel discussion was kindly moderated by Philipp Kusche, Chairman HCMA Europe, Global Co-Head ILS, Howden Capital Markets & Advisory.

He was joined on stage by: Stephan Ruoff, Co-Head of Private Debt & Credit Alternatives, Chairman ILS, Schroders Capital; Michael Bennett, Global Head Market Solutions & Structured Finance, World Bank; Niklaus Hilti, Chief Investment Officer, Euler ILS Partners; and Paul VanderMarck, Chief Technology & Innovation Officer, SageSure.

Our panellists explored the current state of the catastrophe bond market and the need to balance investor and sponsor demands, highlighting a record-fast spread tightening in recent months and still-increasing interest from an increasingly broad range of investors.

Key points included the impact of investor interest on the cat bond asset class from both traditional allocators, as well as newer types of quantitative investors and wealth platforms. The discussion covered the importance of capacity and pricing, the need for continued evolution in parametric cat bond triggers, and the challenges of managing liquidity in the market.

Panellists suggested that future growth predictions for the cat bond market ranged from 5-10% annually, sometimes higher, with a goal of reaching an asset class sized at around $100 billion in outstanding cat bonds by 2030.

They also discussed the importance of managing capacity against demand and how this could become a challenge as the cat bond market grows, as well as the need to keep improving secondary market liquidity and functionality.

Watch the full video from our Artemis ILS NYC 2026 conference to more about conditions in the catastrophe bond marketplace, from the perspective of both investors and sponsors.

Thank you again to everyone who attended Artemis ILS NYC 2026, to our wonderful speakers and supportive sponsors.

We will return to New York next year and look forward to seeing many of you at our ILS NYC 2027 conference.

Our Artemis London 2026 conference will be held on September 1st this year. Please save the date, tickets will be available soon.

Watch videos from our previous Artemis conferences.

For all enquiries regarding sponsorship opportunities for future Artemis events please contact [email protected].

Our conference sponsors for ILS NYC 2026 can be seen below. We thank them all for their valued support:

For all enquiries regarding sponsorship opportunities for future Artemis events please contact [email protected].