Prospectus 2021

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Investor appetite evident across the spectrum: Ruoff, Schroder Secquaero

As the insurance-linked securities (ILS) market looks towards year-end and into the new year, investors are showing appetite for structures and strategies from across the ILS and broader insurance and reinsurance universe, according to Stephan Ruoff, Head of Schroder Secquaero. “We see on the one end of the spectrum an exploitation read the full article →

Industry needs to contain cyber and intangible risks: Prospectus 2021

Within both the market and contracts the exclusion of communicable diseases is unsurprisingly a key focus, but there are other, similarly difficult to predict losses that companies should be examining, according to industry experts. “While cyber certainly shouldn't be unexpected, I really don't think we've got our arms around it, as read the full article →

ILS tech can be used to transfer pandemic risk: Syroka, Fermat Capital

The World Bank’s 2017 pandemic catastrophe bond has provided a blueprint for how insurance-linked securities (ILS) technology can be leveraged to transfer pandemic risk, according to Joanna Syroka, Director of New Markets, Fermat Capital Management, LLC. Issued in July of 2017 by the World Bank on behalf of its Pandemic Emergency read the full article →

Tech to drive greater standardisation & ILS participation: Prospectus 2021

The insurance-linked securities (ILS) market is currently experiencing somewhat of a flight to simplicity, and with technology led risk transfer solutions set to drive greater standardisation, it's expected that the capital markets will be able to participate more readily as a result. To close the very first Prospectus 2021 re/insurance and read the full article →

PE impact on rates unclear. Might see some decoupling at 1/1: Prospectus 2021

With just weeks left until the end of the year, it remains to be seen exactly how much private equity (PE) is raised and what impact this will have at the upcoming renewals, but the current environment suggests we might see some decoupling between traditional reinsurance and insurance-linked securities (ILS) read the full article →

Where possible, climate risk must be explicitly baked into models: Prospectus 2021

As vendor catastrophe models and elevated annual losses show that secondary perils have grown in prevalence for the re/insurance and insurance-linked securities (ILS) markets, climate risk needs to be explicitly baked in, according to Kelly Hereid, Director, Catastrophe Research & Development, Liberty Mutual Insurance. On day four of Prospectus 2021, the read the full article →

PCS’ Johansmeyer expects capital availability could be a major issue

The implications of the ongoing Covid-19 pandemic on the re/insurance market suggests that the availability of capital is going to be a major issue, according to Tom Johansmeyer, Head of PCS. Yesterday, Johansmeyer delivered a thought-provoking keynote to open the penultimate day of the annual re/insurance and insurance-linked securities (ILS) conference, read the full article →

COVID has proven the resilience of cat bonds: Ruoff, Schroder Secquaero

The response of the catastrophe bond market to Covid-19 has demonstrated the sector's resilience to a global pandemic, but as investor appetite intensifies, price increases could suffer, according to Stephan Ruoff, Head of Schroder Secquaero. After a slight slowdown amid the height of the Covid-19 outbreak earlier this year, the catastrophe read the full article →

Named perils & alignment are priorities for year-end: Millette at Prospectus 2021

With the important January 1st, 2021 reinsurance renewals fast approaching, priorities for the insurance-linked securities (ILS) market for year-end are expected to include named perils and ensuring alignment amid a hardening environment, according to Michael Millette, Founder & Managing Partner, Hudson Structured Capital Management. His comments came during the opening panel read the full article →

For investors, there’s no question ILS has a role to play: Prospectus 2021

While challenges around capital consumption and the potential for overlap on the P&C side are clear, for investors, the insurance-linked securities (ILS) asset class represents a great opportunity to complement other private market solutions, according to industry experts. The comments came during the second day of Prospectus 2021 – the new read the full article →