non-catastrophe ILS

Attendees at Artemis’ annual insurance-linked securities (ILS) conference in New York City heard from industry leaders and experts about where the sector should go next, as it continues to explore new lines of business amid a hardening catastrophe marketplace.

Speaking about the emerging non-property, or non-catastrophe, insurance-linked securities (ILS) market and its prospects for growth, Andy Marcell, the CEO of Aon’s Reinsurance Solutions acknowledged growing activity there, but said it’s too early to expect it to affect the supply-demand equation.

The base of insurance-linked securities (ILS) investors that are interested in casualty, or longer-tailed P&C reinsurance risks, is expanding, according to rating agency AM Best, who noted increasing interest in the non-catastrophe segment of the ILS market.

Amid the increased frequency, scope, and severity of natural catastrophes, insurance-linked securities (ILS) investors stand to benefit from the greater predictability and sustainability of non-nat-cat program-based portfolios of risk, according to AM RE Syndicate.

As Vesttoo continues to build-out its insurance-linked investment offering, the tech-focused company is establishing a collateralized insurer in Bermuda and planning to launch its first insurance-linked securities (ILS) offering, a P&C Fund, Portfolio Manager Rob Hauff told Artemis in a recent video interview