Monte Carlo Reinsurance Rendez-Vous news

Insurance-linked securities (ILS) experts and leaders continue to see strong investor interest across the board, and with the total return of the cat bond market remaining attractive, appetite is deemed robust.

While both the insurance-linked securities (ILS) and parametric markets remain nascent in parts of Asia-Pacific compared to other regions, the potential to expand is clear, leading broker Marsh Re’s APAC Chief Executive Officer (CEO), Tony Gallagher, to forecast that these markets will build out.

Reinsurance companies are set to enter renewal negotiations from a position of capital strength, but the majority are expecting a challenging outcome, with prices expected to fall and terms and conditions expected to loosen further, a survey by Fitch Ratings found.

Enstar, one of the largest legacy and run-off reinsurance specialists in the world, has recently begun fronting for capital providers including insurance-linked securities managers and sees this new offering a diversifying solution for its toolkit and one it intends to selectively develop further, Anguel Zaprianov explained to Artemis in a recent interview.

Insurance-linked securities investors must broaden their mandates or risk losing relevance with cedents in a softening reinsurance market flush with capacity, according to Shiv Kumar, CEO of Marsh Securities, speaking in an interview at the 2026 Rendez-Vous de Septembre.

After double-digit price declines this year, respondents to a survey have indicated they expect property reinsurance rates will most likely tumble a further 7.5% to 15% in 2027, Moody’s Ratings data shows.

With the catastrophe bond market consistently tapping into new and emerging perils, Jason Bolding, Global CEO of Gallagher Securities revealed to us in an interview at the Monte Carlo Rendez-vous event, that Gallagher Securities is currently working on a transaction for a peril that’s never been done before in the market.

For the insurance-linked securities (ILS) market, one of the most promising findings of Moody’s Ratings annual survey of reinsurance buyers is that 28% of respondents said they anticipate increased use of alternative capital sources in 2027.

Reinsurance giant Swiss Re has highlighted how growing natural catastrophe risk remains a significant driver of reinsurance demand, as insured nat cat losses continue to follow a 5–7% annual growth rate, driven by increasing exposures, rising asset values and changing hazard patterns.

Ariel Re, the Bermuda headquartered global reinsurance firm, remains constructive on the outlook for the cyber insurance-linked securities (ILS) market, with Dan Carr, Head of Cyber at the firm, emphasising that as cyber portfolios continue to grow as the risk further escalates, this will allow alternative capital to become a more important part of the […]