Catastrophe bonds and insurance-linked securities news

Eric Andersen, President of Aon plc, spoke at an event at the Monte Carlo Rendez-Vous hosted by Guernsey Finance yesterday and explained that the brokers’ repositioning in reinsurance and risk transfer, under Risk Capital, has enabled it to better respond to the global request for capital and deliver on risk transfer innovation.

Client demand for risk capacity is “accelerating in all dimensions” according to Shiv Kumar, President of GC Securities, the capital markets and ILS specialist unit of reinsurance broker Guy Carpenter.

Catastrophe bond fund returns spiked in August 2024 delivering the best monthly performance of the year for many, as seasonal spread tightening delivered strong performance across the market, with the Plenum CAT Bond UCITS Fund Indices averaging a 2.15% return for just slightly over the month.

Computershare, a banking and investor services provider with a footprint in the collateralized reinsurance market, is expanding its insurance-linked securities (ILS) services offering to focus on also providing trustee and paying agent services for catastrophe bonds.

Even without any major catastrophe loss events over the rest of the year, Michael Stahel, Partner and Portfolio Manager at LGT ILS Partners Ltd., is not expecting a significant shift in premium from current price levels and notes the company will strategically shift capacity between areas of the market to source the best deal opportunities […]

Over the next year, reinsurance buyers have expressed a strong preference for catastrophe bonds when it comes to utilising alternative capital, while sidecars are also expected to see much more elevated demand, the latest survey by Moody’s Ratings shows.

Marcel Grandi, Head of ILS Sourcing at Zurich-headquartered insurance-linked securities (ILS), catastrophe bond and reinsurance investment manager Twelve Capital, believes the current reinsurance market environment and its pricing may persist longer this time.

Stone Ridge Asset Management, the New York based alternative risk premia focused investment manager, has reached a significant milestone in the development of its reinsurance investment franchise, hitting the $10 billion mark in assets under management (AUM), Artemis has learned.

Global reinsurance company Hannover Re said today at the Monte Carlo Rendez-Vous event that innovation remains on the agenda even while demand for traditional reinsurance remains high, citing examples of parametric risk transfer and its recent cloud outage cyber catastrophe bond.

As the reinsurance and insurance-linked securities (ILS) market begins to look towards year-end issuance, renewals and into 2025, Chris Minter, the new Head of Swiss Re’s Alternative Capital Partners (ACP) division, told Artemis that one of the biggest challenges for ILS is the uncertainty and perception of the influence climate change may have on insured […]