Insurance Linked Investments

Gallagher Securities, the insurance-linked securities (ILS) and capital markets broker-dealer division of Gallagher Re, has hired Andras Bohm from BMS as its new Global Head of Structuring.

Global broker Aon and risk modelling, data and analytics specialist Moody’s have said that they see the annual premiums from the casualty catastrophe reinsurance market as a potential $5 billion opportunity, with a named peril focus seen as the best way to foster development of the segment.

The Lloyd’s market continues to see strong investor appetite for access to the insurance and reinsurance linked returns that the market can generate and its London Bridge 2 insurance-linked securities (ILS) structure has become a key conduit for funds to enter the market, CEO Patrick Tiernan said today.

Alternative capital within the reinsurance market has “not yet reached its full capacity,” according to Guy Carpenter’s CEO of EMEA and Global Capital Solutions, Laurent Rousseau, who said today that his firm anticipates further growth of the ILS and capital markets backed capacity.

At our Artemis London 2025 conference yesterday speakers highlighted a catastrophe bond and insurance-linked securities (ILS) market full of opportunity, but one where the need for transparency, communication and a continued push towards modernisation are key.

There has been a notable increase in the target investment allocation range for reinsurer SCOR’s sidecar vehicle Concordia Re, in the insurance-linked securities (ILS) portfolio managed by PGGM, the Dutch pension fund investment manager, on behalf of its end-client Dutch pension PFZW.

Pula, a Swiss headquartered specialist in parametric agriculture insurance for micro and mesa use-cases across Africa and parts of Asia, has established a collateralized insurer class of company in Bermuda, named Pula Reinsurance Ltd., Artemis has learned.

Analysts at Moody’s Ratings expect the alternative reinsurance capital space to continue to expand over the long-term, stating that much of the growth will come from reinsurers with additional growth expected from non-catastrophe risk, as the rating agency shifts its outlook on the global reinsurance sector to stable from positive.

Speaking with Artemis, the leadership of Nephila Capital, one of the world’s largest and longest-standing insurance-linked securities (ILS) managers, explained their focus remains serving investors and being a valued trading partner with cedants.

According to reinsurance broker Gallagher Re, non-life alternative reinsurance capital grew by USD $4 billion, or 4% over the first half of 2025 to reach $118 billion, with the broker also noting that traditional reinsurance capital is growing at a faster rate.