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.
AI-related securities lawsuits double in H1
US securities class action settlements climbed to $2.1bn in the first half of the year, up from $1.1bn a year earlier, according to Gallagher
Reinsurance market at ‘inflection point’
Property catastrophe reinsurance market faces first real test since the 2023 market reset, rating agency warns
Lockton Re announces combined property-cyber ILW
New product reflects the ‘convergence of property catastrophe and cyber risk transfer’, says head of international and cyber ILS Theo Norris
UK advances risk transformation reform, but defers key opportunities
HM Treasury’s plans will make it harder for the UK to become a leading jurisdiction in insurance-linked securities market
Singapore proposes protected cell companies law
Protected cell companies would initially be limited to captives, insurance-linked securities and sovereign risk pools
Fidelis Partnership inks inaugural cat bond for syndicate 3123
$75m Woody Re issuance provides three-year reinsurance protection against a range of perils in North America
Hedge funds and multi-asset managers grab ILS market share
Banks and hedge funds reported to be hunting catastrophe modelling talent, but experts say specialists funds will remain dominant
Will a soft market dampen the sidecar boom?
Growing appetite for casualty and MGA-focused sidecars should support continued investor demand, experts say
Blockchain promises faster and cheaper ILS transactions
Regulators and re/insurers need time to become accustomed to the technology, which offers ‘accessibility and scalability’
Oak Global enters cat bond market
Lloyd’s platform secures $150m of collateralised retrocession protection against North American natural catastrophe risks
Investors plan to increase allocation to insurance-linked structures
Three-fifths of investors plan to increase exposure to insurance-related assets over the next two years, Gallagher Re survey finds
UK government to liberalise ILS and protected cell rules
Plans welcomed by the London Market Group
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