
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.

Alternative capital ‘struggles to incorporate’ new technology
Insurance-linked securities companies do embrace new technology but have no way to co-ordinate efforts leading to a slower transaction cycle, Radix ILS chief, Hanni Ali, says

Moody’s seeks comment on ILS ratings system
Rating agency plans to use exceedance probability curves to evaluate insurance-linked securities structures

Northern Re launches structured reinsurance portfolio
Collateralised reinsurer responds to increased demand for capital relief solutions

Catastrophe bond market set for record 2025 issuance
Bond issuance of $17bn in the first half of the year has already matched the 2024 levels, according to Aon

Reinsurance capital to hit new high in 2025
AM Best projects reinsurance capital will increase 7% to $649bn by year-end

UN office publishes paper proposing cat bond facility
Failing to complete infrastructure on time would bring insurance penalty

Swiss Re: ILS market continues to boom
Catastrophe bonds account for $55.8bn in capital, a more than 75% jump since the start of the decade

PRA adopts rules to speed up insurance SPV licensing
Reforms aim to make it ‘more attractive’ to establish insurance special-purpose vehicles in a bid to expand UK’s presence in global ILS market

Industry welcomes Treasury plans for UK captives regime
HM Treasury also opens consultations on ILS and senior managers regime in wider deregulation drive

SageSure closes $100m Gateway Re catastrophe bond
Latest issuance will provide carrier partners with protection across a single hurricane season in Louisiana, Mississippi, South Carolina and Texas

Catastrophe bond issuance to hit Q2 record of $10bn
Second-quarter issuances follow a first quarter in which settled deals topped $7bn

Guy Carpenter names Everest’s Maritzen as senior client executive
Reinsurance broker also names Mago as head of cyber ILS for North America
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