Insurance-linked investments

The average year-to-date return of catastrophe bond investment funds in the UCITS format in 2025 reached 9.60% by November 28th, while some strategies in the category of pure cat bond funds have moved into the double-digits at this stage, according to the latest data from the Plenum CAT Bond UCITS Fund Indices.

Global player Allianz is partnering with investor Oaktree Capital Management to launch a reinsurance syndicate in the Lloyd’s market that will take a share of the re/insurer’s outwards reinsurance program, with funding channelled via the insurance-linked securities structure London Bridge 2 PCC.

The overall yield of the catastrophe bond market, or the total coupon return, fell to just under 8.70% as of November 28th 2025, but the decline in the cat bond market insurance risk spread, or discount margin, was slower in the last month, the latest data from Plenum Investments shows.

Swiss Re is working on “future ideas” within its Alternative Capital Partners (ACP) division that focuses on insurance-linked securities and third-party capital management, the firm’s CEO said today. While its CFO explained more on the fact the company may need less external retrocession in 2026.

In announcing new targets and a refreshed strategy today, Swiss Re, one of the world’s largest reinsurance companies, has highlighted the role of third-party capital investors in helping to fuel its expansion into natural catastrophe risks over recent years, while also maintaining balanced exposure.

Our latest video features the fourth panel discussion of the day at Artemis London 2025, a session focused on the modernisation and liquidity needs of the ILS market as it grows, from our fourth catastrophe bond and insurance-linked securities (ILS) conference in the City of London, UK, held on September 2nd 2025.

RenaissanceRe Capital Partners, the third-party and ILS capital management division of the global reinsurance company, has added former Swiss Re executive Edward Johnson as a Senior Vice President for Business Development with responsibility across the EMEA and APAC regions.

As Lloyd’s presence in the United States continues to grow, with more than half of the market’s business originating from North America, executives at Argenta Private Capital Limited (APCL) emphasise that investing in the Lloyd’s market presents a logical and underutilised pathway to returns for investors.

According to the Bermuda Monetary Authority (BMA), the convergence of tokenisation with Bermuda’s traditional insurance-linked securities (ILS) sector presents opportunities to enhance liquidity, reduce transaction costs and expand access to insurance risk transfer across the British overseas territory.

Caterina Technologies, Inc., a quantitative applied research and development firm building financial technology infrastructure with its initial focus on the catastrophe bond and insurance-linked securities (ILS) sector, has announced the hiring of senior Swiss Re ILS focused product and strategy leader Anthony Russo.