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.
Vantage Risk sponsors $225m Vista Re cat bond
Offering protects against US named storms and North American earthquake risks
Property cat bond issuance slows in first quarter
Total issuance fell by $1.2bn to $2.6bn year-on-year
ILS funds eye 20% rate hikes on Florida renewals
Investors remain very interested in cat bond structures, fund managers say
Viewpoint: Post-Covid factors will fuel rise in demand for ILS capital
US and European ILS markets continue to be driven by different dynamics, but there is a common trend of increasing investor interest in extending the range of perils
Viewpoint: Better quality risk data will make Asia more attractive to ILS investors
A flow of timely and reliable exposure and loss data will be critical for the further development and sustainability of Asia’s insurance-linked securities markets
Horseshoe names Faries CEO
Andre Perez to become executive chairman of ILS services business
Focus: ILS sector must diversify its risk appetite to maintain captive market interest
The ILS markets are ready to accept business from captive insurers, but there is a notable lack of appetite among most investors to expand into different risk areas
Focus: ESG considerations can help to encourage growth of ILS capital
Cedants must produce relevant data to make investment in ESG-compliant products possible
Focus: ILS can increase the resilience of the specialty risk market
There is a clear role for ILS capital to enable the specialty insurance market to take on perils that would otherwise be uninsurable, but we must be upfront about the challenges
Aeolus appoints Richardson as portfolio manager
Andy Richardson to join from Lancashire
First-quarter cat bond issuance reaches $4.6bn
Third time in the past four years the volume for the period has topped $4bn
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Palomar closes $400m Torrey Pines Re cat bond
Bond provides protection from US earthquakes
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