CEA reinsurance tower stable, but catastrophe bonds grow their share
Following the mid-year reinsurance renewals the California Earthquake Authority (CEA) now sees catastrophe bonds making up an even larger proportion of its more than $7.83 billion risk transfer tower, at over 33% of the limit provided. The earthquake insurer had shrunk its overall reinsurance tower through the last couple of years, but at the same […]
Goldman Sachs rebuilds ILS structuring expertise, hires two from Aon / Swiss Re
Investment banking giant Goldman Sachs has hired two experienced catastrophe bond and insurance-linked securities (ILS) structuring specialists, as it looks to expand its capabilities in the space once again, Artemis has learned. Goldman Sachs is bringing onboard two hires with experience in the structuring and placement of catastrophe bond and reinsurance capital market arrangements this […]
Alternative capital will continue to grow over the long-term, says Moody’s Ratings
Analysts at Moody’s Ratings expect the alternative reinsurance capital space to continue to expand over the long-term, stating that much of the growth will come from reinsurers with additional growth expected from non-catastrophe risk, as the rating agency shifts its outlook on the global reinsurance sector to stable from positive. Moody’s turned positive on the […]
Alternative reinsurance capital rose to $118bn for H1’25: Gallagher Re
According to reinsurance broker Gallagher Re, non-life alternative reinsurance capital grew by USD $4 billion, or 4% over the first half of 2025 to reach $118 billion, with the broker also noting that traditional reinsurance capital is growing at a faster rate. As per the broker’s latest Reinsurance Market Report, global reinsurance industry capital reached […]
Collateralized retro capacity increasingly important for some major reinsurers: S&P
Alternative capital remains a critical source of retrocessional reinsurance capacity for some of the biggest reinsurers in the market, with it seen to increase in importance for some of the top-tier companies over the last year, S&P Global Ratings has said. In one of the rating agencies typical reports timed just in front of the […]
Three dominant trends revealed in record period of cat bond issuance: Pennay, Aon Securities
Three key dominant trends have been revealed following a record period of catastrophe bond issuance according to Richard Pennay, CEO, Aon Securities, the specialist investment banking and insurance-linked securities (ILS) broker-dealer unit of the global insurance and reinsurance broker. In its latest ILS annual report, Aon Securities found that 12-month catastrophe bond issuance over the […]
Philippines seeks enhanced climate-disaster risk transfer with Global Shield support
The government of the Philippines is aiming to secure enhanced climate-disaster risk financing and insurance capacity, with parametric structures likely to play a significant role, while Global Shield financing vehicles are expected to help fund the initiative. The Philippines Department of Finance (DOF) is collaborating with the Global Shield Secretariat and Institute for Climate and […]
Swiss Re’s Urs Baertschi calls for stronger collaboration to manage rising nat cat losses
Urs Baertschi, CEO of Property & Casualty Reinsurance at Swiss Re, recently shared his perspective on the challenges and opportunities facing the insurance industry in 2025. Reflecting on his personal aversion to roller coasters, Baertschi compared the highs and lows of amusement rides to the unpredictability of the current risk landscape, noting that “those of […]
Kingdom of Lesotho receives payout under ARC sovereign drought parametric policy
African Risk Capacity Limited (ARC), a specialised agency of the African Union, has issued an insurance payout of $2,767,958 to the Government of the Kingdom of Lesotho, after its sovereign drought insurance policy for the 2024/25 agricultural season was triggered. This payout was made possible by the Government’s subscription to ARC’s sovereign risk financing mechanism […]
Alternative capital hits $121bn record high. Cat bonds and sidecars the key growth drivers: Aon
The amount of alternative capital in reinsurance supplied by insurance-linked securities (ILS) strategies and structures has reached a new high of $121 billion as of the middle of 2025, which Aon Securities notes was driven by strong catastrophe bond growth and supported by ongoing expansion of the sidecar sector as well. Aon Securities, the specialist […]