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.
Peak Re adds second Black Kite catastrophe bond
Latest bond secures $50m reinsurance protection for earthquake and typhoon risks in Japan and introduces parametric earthquake cover for China and India
London ILS market ‘catching up’: Lloyd’s Keese
Underwriting discipline remains key to ensuring the Lloyd’s market provides the return on capital needed to attract third-party investors, the corporation’s outgoing CFO says
Pool Re completes third catastrophe bond placement
£100m bond offers collateralised retrocession cover and aims to safeguard UK taxpayers against the financial impact of terrorism, according to Pool Re
Catastrophe bond issuance hits record $7.1bn in Q1: report
Issuance was more than $2.8bn higher than the year-earlier period, with growth driven by traditional 144A property catastrophe bonds
California fires to hit property sidecars
Aon expects sidecars to book negative returns in first quarter following wildfires, but impact on catastrophe bonds will be ‘limited’
Hannover Re sponsors second cloud outage bond
$20m Cumulus Re II will offer coverage against losses caused by sustained outages across major cloud service providers
Kin hails ‘improved pricing’ of latest Hestia catastrophe bond
US insurtech secures $300m of catastrophe bond cover for named storms
ILS capacity rises to record $107bn in 2024: AM Best
Rating agency says growth boosted by two consecutive years in which the securities did not incur any material catastrophe losses
Mt Logan appoints Liew as chief analytics officer
Liew joins from RenaissanceRe, where he was portfolio analytics senior vice-president
ILS market poised for strong growth after ‘exceptional’ 2024
Alternative capital totalled around $110bn last year and should keep rising, experts says, with record catastrophe bond issuance already seen in January
Hong Kong extends ILS grants for three more years
City has been making efforts to attract Apac insurance-linked securities business, but lags behind Singapore
The coming of age of non-catastrophe insurance-linked securities
Non-catastrophe ILS investments can generate consistent cashflows, with the float available to asset managers for further investment
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