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.
Market conditions impede World Bank catastrophe bond issuance
Bank’s issuance this year has been well below a typical ‘good year’, a senior official at the organisation says
Hurricane Ian may curb ILS investor appetite
Insurance-linked securities market will assume ‘a fair share’ of Ian-related losses of $35bn to $55bn, Fitch says
Cat bonds face 'depletion' in wake of Ian losses
Losses on Floridians’ indemnity bonds and potentially ‘significant erosion’ to aggregate bonds expected as brokers warn of ‘mid-single digit’ falls in fund valuations
Arch secures $358m in mortgage reinsurance
Bermuda-based carrier turns to traditional market as it pares back ILS placement
Essent closes $238m mortgage ILS deal
Deal covers mortgage insurance policies Essent Guaranty wrote between October 2021 and June 2022
Arch launches $358m Bellemeade Re mortgage ILS deal
Deal marks the Bermuda-based group’s second Bellemeade Re offering of the year and its 17th directly sponsored rated mortgage insurance-linked note transaction overall
Envelop Risk launches capital markets practice
Bermuda-based operation will develop and underwrite indemnity, parametric and index-based structures
LGT Capital builds out Lumen Re
Klaus Sapelza appointed chief underwriting officer and Mario Spescha named chief operations officer
Cyber ILS deal 'will be done in 2023': Aon's Schultz
But demand for primary cyber insurance needs to increase for the cyber ILS market to take off, according to Aon Securities chief executive
Lockton Re launches capital markets unit
New business will help clients access ‘broader capital pools’
Alternative capital market ‘poised for growth’ amid higher reinsurance prices: Moody’s
Capacity could top $100bn as institutional investors look to capitalise on high US property catastrophe rates
Growth in cyber ILS 'to remain slow despite demand for capacity'
Investors are being put off by the complexity and the potential accumulation risk from cyber perils, rating agency says
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