
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.

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

Rates, capital and legal reform: key takeaways from June 1 renewals
Reinsurance prices continue retreat from 2023 peak despite strong demand

Peak Re’s Bermuda chief eyes casualty ILS opportunity
Gene Zhang sees ‘tremendous potential’ in casualty ILS strategy to diversify capital base

Fidelis closes seventh Herbie Re catastrophe bond
Bermuda-based carrier secures $90m of collateralised reinsurance protection with latest transaction

Rates fall up to 20% at 1/6 amid 'market stabilisation'
Capacity continues to return to Florida reinsurance market aided by tort reform and higher FHCF retention

Slide secures $250m of storm coverage through Purple Re catastrophe bond
Transaction is the US insurtech’s fourth and largest catastrophe bond issuance to date

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
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