Alternative Capital
The emergence of a $30bn global marketplace for insurance-linked securities has served as evidence of the increasingly prominent role third-party capital now plays in risk transfer. Over the medium to long-term this sector is expected to continue its growth as investors take advantage of the low correlation insurance has with other asset classes. This section brings together Insurance Day’s coverage of alternative capital and the way it is helping reshape global insurance markets.
Howden Tiger names Kenworthy MD of capital markets
Kenworthy was previously head of business development at ILS manager Securis Investment Partners
Investors still reluctant to back ILS: AM Best
Insurance-linked securities capacity edges up to $99bn at half year point amid ‘tepid’ capital inflows
Anchor Re closes debut $50m cat bond
The captive reinsurer claims this is the first ILS product to use Property Claim Services country level loss reporting as a trigger
Blackstone secures $250m catastrophe bond cover for real estate portfolio
Deal offers collateralised cover against losses from named storms and earthquakes in the US and Canada
Cyber catastrophe event could deter investors, Conning warns
Investor confidence and carriers’ risk appetite already fragile, investment management company says
Cyber ILS is evolving but remains in its infancy
Investors and carriers are dipping their toes into cyber insurance-linked securities, but the market is still a long way from raising a substantial amount of capital through these structures
Slide secures $100m in cover from new cat bond
Insurtech sponsors second catastrophe bond of the year to protect against named storms and hurricanes in South Carolina and Florida
Cyber ILS will struggle to attract investors
There are more tested, transparent and potentially profitable investments than cyber risk, Intangic CEO says
Property catastrophe bond market sets six-month issuance record
Six-month issuance hits $9.67bn, surpassing total for all of 2022, amid strong demand from sponsors and abundant capital, according to market tally by Artemis.bm
BMS Re expands Bermuda operation with O'Brien hire
Reinsurance broker appoints Brendan O’Brien as vice-president to support alternative risk-transfer initiatives
Increased interest in regional Caribbean catastrophe bond
Jamaica’s finance minister confirms country will reissue its own catastrophe bond and promotes wider regional bond
Guy Carpenter proposes new climate resilience bond
Climate Resilient Development bond seeks to facilitate financial resilience and loss prevention in relation to climate-related weather risks
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