Alternative reinsurance capital

Broking giant Aon has today urged its insurer clients to leverage the record levels of reinsurance and third-party or insurance-linked securities capital as a growth-driver, saying creative use of capital and access to all its forms is increasingly important.

Brazil’s developing insurance-linked securities (ILS) market could create a clear route for catastrophe exposures that historically have remained uninsured or concentrated on traditional balance sheets to access institutional capital, Mirelle Pereira, founder of risk intelligence company Santé told Artemis.

Moody’s Ratings has maintained its stable outlook for the global reinsurance sector, even as pricing conditions continue to soften across the market, particularly in property cat lines. This reflects a decline in traditional reinsurers’ pricing power after three highly profitable years, compounded by growth of the insurance-linked securities (ILS) market.

Fitch Ratings has maintained its deteriorating outlook for the global reinsurance sector for 2027, which the agency says reflects operating conditions that are gradually weakening from still-sound levels. The agency also highlighted that while abundant capacity and rising claims costs will drive margin and revenue erosion, it will not be enough to materially affect the […]

A recent survey of protection buyers shows that the largest share of respondents agree that traditional reinsurance capacity is the key driver of price competition in the property marketplace, while the availability of alternative and insurance-linked securities capital is seen as a much less significant factor.

With record levels of capital in the reinsurance sector and a growing insurance-linked securities market with a broadening investor base, executives at Aon said today that there are more savings to come for clients, with property rates likely to fall in the region of 10% at the January 1 2027 renewal.

Swiss Re, the global reinsurer, has named long-standing senior employee Mirjam Wiget as the new leader for its Alternative Capital Partners (ACP) division, as incumbent Martin Zingg moves into the Group Chief Investment Officer role.

The life and annuity sidecar market in Bermuda has experienced rapid growth over the last several years, as insurers continue to scale up and expand beyond legacy blocks. However, Morningstar DBRS suggests that this momentum can also be viewed alongside the growth of rated feeder funds, as both structures highlight how insurance capital is increasingly […]

The catastrophe bond and insurance-linked securities market remains well-positioned, even as reinsurance market conditions soften, with speakers at our Artemis London 2026 conference yesterday highlighting the discipline in the market and that this is expected to persist, while growth opportunities are still evident.

During reinsurance broker Gallagher Re’s Pre-Monte Carlo Media Briefing, Will Thompson, Head of Global Clients, said alternative capital is no longer a separate conversation from traditional reinsurance and is now an integral part of the capital stack.