Insurance-linked investments

As per a new report from Ernst & Young Ltd. (EY), the reinsurance sector is entering a era of “latent market demand” where private equity and alternative capital providers are set to expand their presence by exploring AI-linked securities, cyber catastrophe bonds, and other innovative investment vehicles.

GAM Investments has said that its catastrophe bond and insurance-linked securities partnership with global reinsurance giant Swiss Re has introduced enhanced liquidity and improved dealing terms across strategies and assets managed, while also saying new ILS product launches are planned for 2026.

In its recently published whitepaper, Cohen & Company Asset Management, the fixed income financial services investment specialist, explained that due to advances within structuring, analytics, and governance, combined with growing investor familiarity, the firm believes that casualty represents “the next evolution of ILS exposure.”

PartnerRe, the Bermuda headquartered reinsurance company, ceded far less in risk to its Lorenz Re Ltd. special purpose insurer in 2025, with reductions in recent years signalling a change in strategy and shift to utilise other structures for its insurance-linked securities investor relationships.

According to a new report from specialist insurance-linked securities (ILS) manager Twelve Securis, as the investment environment within ILS continues to evolve and spreads normalise from recent highs, the margin for error is narrowing, making execution quality more important than ever.

As the insurance-linked securities (ILS) market continues to expand, Augment Risk is positioning parametric triggers not merely as a peripheral alternative, but as a central, diversifying asset class defined by its structural independence from traditional indemnity-based retrocession, a shift the firm believes is fundamental to unlocking the next phase of third-party capital allocation.

Nephila Capital’s specialty lines focused Syndicate 2358 at Lloyd’s delivered a $35.6 million profit for the 2025 underwriting year, as its gross premiums written soared by 129% to reach over $508.6 million for the period.

Nephila Capital’s Lloyd’s Syndicate 2357, which is the flagship syndicate run by the dedicated investment manager focused on the insurance-linked securities (ILS), weather and catastrophe reinsurance space, reported a meaningful increase in profits for 2025, while it utilised legacy reinsurance deals to close out risks from prior underwriting years.

Global reinsurance business Ariel Re has announced a series of promotions across both its Bermuda and London offices, including Andy Kerr being promoted to Senior Vice President, Capital.

While public and private insurance-linked securities (ILS) offer distinct pathways to insurance risk premia, the choice between them involves more than just a calculation of risk and return. According to Mark Gibson, Senior Investment Director at Schroders Capital, the true dividing line for investors is the degree of liquidity and transparency they are willing to […]