Insurance linked securities news, ILS news

Thanks to the very strong earnings generated by capital deployed into the reinsurance market last year and an expectation that strong earnings can persist through full-year 2024, analysts at Moody’s Investors Service believe investor interest in insurance-linked securities (ILS) could prove to be stronger than had been expected.

Even in a state of increased event activity driven by a changing climate, allocating to insurance-linked strategies (ILS) can generate attractive returns for investors, according to a whitepaper from LGT ILS Partners, the specialist dedicated ILS investment unit of the private bank and asset manager LGT Capital Partners.

Artemis is now a quarter of a century old! We celebrated our 25th birthday last week with a team gathering, reflecting on more than $170 billion of catastrophe bonds and related insurance-linked securities (ILS) transactions tracked, with hundreds of billions more in assets deployed to insurance risks covered by us over the years.

It is notable how the recent update of one of the main hurricane risk models triggered a wave of selling in the catastrophe bond market, investment manager Tenax Capital has commented.

The insurance-linked securities (ILS) asset class has demonstrated the benefits of diversification it can offer to investors and also its resilience to global events so far in 2024, according to Twelve Capital’s Head of Investment Solutions, Vittorio Sangiorgio.

While the London insurance and reinsurance market has been growing it is being outpaced by other markets and insurance-linked securities (ILS) is again highlighted as an area of opportunity where results have lagged ambitions and there remains work to do, the London Market Group’s latest report makes clear.

The successful second cyber catastrophe bond sponsored by Beazley, the $160 million PoleStar Re Ltd. (Series 2024-2) issuance that we reported on last Friday, is testament to the replicable 144A structure that has been created, according to Theo Norris, Head of Cyber ILS at Gallagher Securities.

Here are the ten most popular news articles, week ending May 19th 2024, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.

The market for 144A catastrophe bonds is on-track to set a stunning new issuance record for the first-half of the year, with more than $11.4 billion of new cat bonds already lined up to be issued during H1 2024, data from Artemis’ Deal Directory shows.

Palomar Insurance Holdings has now finalised its largest catastrophe bond ever, with the Torrey Pines Re Ltd. (Series 2024-1) issuance priced to secure $420 million in California earthquake reinsurance from the capital markets for the company, Artemis has learned.