Casualty ILS news

Sentiment for the insurance-linked securities (ILS) space is positive across all segments and there’s increasing interest from new investors and optimism around the private side of the market, while alignment and transparency remain key, according to industry experts.

Ecclesia Re, the specialist reinsurance broking arm of Ecclesia Group, has brought in additional insurance-linked securities (ILS) expertise in the shape of former Securis executive Mattias Eng, as it accelerates its focus on bringing casualty ILS solutions to European cedants.

Having recently launched its structured solutions product suite and enhanced whole account quota share capabilities, Anthony McKelvy, Co-Founder of collateralized reinsurance firm Northern Re spoke to Artemis at RVS in Monte Carlo to discuss how these offerings go beyond traditional quota share, transforming the way cedents access capital and engage with investors.

Executives from Enstar, one of the largest legacy and run-off reinsurance specialists in the world, told Artemis that they are seeing strong interest for its solutions from the insurance-linked securities (ILS) funds sector, as managers seek mechanisms to provide liquidity to their investors.

The recent successful launch of $500 million casualty reinsurance sidecar Wayfare Re is a key development as Ascot Group continues to build out its Leadline Capital Partners business and represents a modern, scalable partnership with an appropriate investor in Antares, Mark Wilcox, Group Chief Financial Officer of Ascot told Artemis in an interview.

Buyers and sellers are energised by the opportunity to unlock long-tail casualty risk through insurance-linked securities (ILS), with this momentum driving a broader transformation in the legacy reinsurance market, shifting it from one-off liability transfers toward long-term, strategic partnerships, according to Howden Re.

As PwC released its sixteenth Global Insurance Run-Off Survey report today, we took a look at what the legacy reinsurance sector is saying about the growing use of alternative capital in the space, as well as how legacy solutions are now serving insurance-linked securities (ILS) funds and investors as well.

Speaking today at a briefing held in Monte Carlo at the Rendez-vous event, Angela Yeo, Senior Director, Analytics at global ratings agency AM Best has highlighted how investors’ appetite for catastrophe bonds has helped the space continue to grow.

Speaking today at a briefing held in Monte Carlo at the Rendez-vous event, Fitch Ratings analysts said the expectation is that property catastrophe reinsurance rates will keep softening and attachments may decline somewhat, but through this they anticipate discipline from the ILS investor base.

Thanks to the development of well-structured and innovative solutions, the market for casualty insurance-linked securities (ILS) is growing and reinsurance broker Ecclesia Re sees the link between casualty risk and the capital markets as now much more than just a theory.