Insurance linked securities news, ILS news

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.

As the insurance-linked securities (ILS) and reinsurance markets adapt to an evolving risk landscape spanning geopolitics, climate, and artificial intelligence (AI), new capital structures are emerging to meet growing demand, and Oak Global plans to leverage investor diversification to capture these opportunities, according to CEO and Founder, Cathal Carr.

In a reinsurance and retrocession market environment where prices have softened considerably but underwriters can still find attractive returns, broker Howden Re urges cedents to ensure their resilience by looking across the full-range of capital solutions and forms, to maintain flexibility and optionality through cycles.

Recognising the burgeoning interest in underwriting exposures related to the data center build-out, global data analytics and technology provider Verisk has announced the launch of a dedicated exposure database for these large risks in the United States.

Challenger Life reported that its insurance-linked securities (ILS) investments, predominantly catastrophe bonds, performed in-line with their benchmark over the last year, while the company also launched a new Bermuda life and annuity reinsurance entity named Calix Re, adding a new insurance-linked dimension for the company.

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 […]