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.
Axis closes landmark $75m cyber catastrophe bond
Bermudian carrier completes market's first 144A cyber bond with ‘broad investor support’ as the ILS market continues to open up to cyber risk
Miller executive Alexander to join Gallagher Re
Gallagher Re hires Robert Alexander to support production in the property retrocession and ILS sector
Asia the ‘next frontier’ for cyber growth: CyberCube
Carriers and reinsurers are already showing interest in the region, modelling firm says
Radian secures $353m of collateralised reinsurance cover
Eagle Re issuance provides cover for mortgage insurance policies written by Radian Guaranty unit during the final three quarters of 2022
Howden Tiger names Kenworthy MD of capital markets
Kenworthy was previously head of business development at ILS manager Securis Investment Partners
Investors still reluctant to back ILS: AM Best
Insurance-linked securities capacity edges up to $99bn at half year point amid ‘tepid’ capital inflows
Anchor Re closes debut $50m cat bond
The captive reinsurer claims this is the first ILS product to use Property Claim Services country level loss reporting as a trigger
Blackstone secures $250m catastrophe bond cover for real estate portfolio
Deal offers collateralised cover against losses from named storms and earthquakes in the US and Canada
Cyber catastrophe event could deter investors, Conning warns
Investor confidence and carriers’ risk appetite already fragile, investment management company says
Cyber ILS is evolving but remains in its infancy
Investors and carriers are dipping their toes into cyber insurance-linked securities, but the market is still a long way from raising a substantial amount of capital through these structures
Slide secures $100m in cover from new cat bond
Insurtech sponsors second catastrophe bond of the year to protect against named storms and hurricanes in South Carolina and Florida
Cyber ILS will struggle to attract investors
There are more tested, transparent and potentially profitable investments than cyber risk, Intangic CEO says
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