Twelve Securis and Bank J. Safra Sarasin extend distribution partnership to Italy and Spain
Twelve Securis, the specialist catastrophe bond and insurance-linked securities (ILS) investment manager, has extended its long-standing collaboration with Bank J. Safra Sarasin to now include distribution across Italy and Spain. Twelve Securis has been collaborating with Bank J. Safra Sarasin, a private bank and asset management specialist group, since 2011, with a focus on insurance-related […]
Galapagos Capital SSPE issues R$13.5m LRS, its second under the Brazilian ILS regime
Gálapagos Capital Sociedade Seguradora de Propósito Específico S.A., the Brazil based SSPE or special purpose reinsurance vehicle that can issue Letra de Risco de Seguro (Insurance Risk Letters) and is owned by global investment company Galapagos Capital, has now issued its second arrangement under the Brazilian insurance-linked securities regime. Galapagos Capital was authorised by Brazil’s insurance […]
Climate conditioned ILW strategy can outperform: Reask / LGT ILS Partners research
According to a new working paper by catastrophe modelling specialist Reask and specialist insurance-linked securities investment manager LGT ILS Partners, a climate-conditioned Industry Loss Warranty (ILW) strategy can materially outperform traditional static modeling approaches. The firms conducted a systematic back-test of a climate-conditioned strategy across a portfolio of 36 regional ILWs, spanning a 40-year period […]
More details on the Kyrgyz Republic & Tajikistan catastrophe bonds from the ADB
The Asian Development Bank (ADB) has its first catastrophe bond offerings in the market, with two $75 million issuances that each target parametric earthquake and extreme precipitation disaster risk financing from the capital markets for the Kyrgyz Republic and Tajikistan. We revealed on Friday that the first catastrophe bonds to be offered by and set to be issued […]
ADB issuing its first parametric catastrophe bonds, for Kyrgyz Republic & Tajikistan
The Asian Development Bank (ADB) is in the market to issue its first catastrophe bonds with two offerings totalling $150 million of notes, that are designed to provide $75 million of multi-year parametric earthquake and extreme precipitation disaster risk transfer to each of the Kyrgyz Republic and Tajikistan, Artemis can report. We understand these first two catastrophe bonds […]
Reinsurance sidecar market grew more than $5bn in 2025, non-cat a key driver: Aon Securities
The outstanding market for collateralized reinsurance sidecar structures grew by more than $5 billion in capacity terms over the course of full-year 2025, with casualty and non-catastrophe vehicles a key driver of sidecar market expansion, Aon Securities has said. Growing third-party and insurance-linked securities (ILS) capital levels and increased investor appetite are helping reinsurance sidecar sponsors expand […]
Alternative / ILS reinsurance capital grew 18% to $136bn in 2025: Aon
Alternative or third-party reinsurance capital, so that deployed through insurance-linked securities and related collateralized structures, grew by 18% over the course of 2025 and 10% just in the fourth-quarter to reach a record $136 billion at the end of the year, according to the latest estimate from broker Aon. In a just released new report […]
Plenum urges European Commission not to adopt ESMA’s UCITS cat bond recommendation
Plenum Investments, the Zurich based specialist catastrophe bond and insurance-linked securities (ILS) investment manager, has published a position paper clearly communicating its thoughts on the European Securities and Markets Authority (ESMA) recommendation regarding cat bond eligibility under the UCITS investment framework. Recall that, the European Securities and Markets Authority (ESMA) made a recommendation in June 2025 to […]
Lagos State secures up to US$7.5m parametric flood insurance coverage
The Lagos State government has contracted a parametric flood-risk insurance policy in the Nigerian insurance market, which is designed to protect up to 4 million vulnerable people, providing up to USD 7.5 million for flood response and recovery. The policy’s activation marks a major milestone for the Tripartite Agreement Programme, which aims to build developing […]
ILS manager execution quality increasingly important in a normalising market: Twelve Securis
According to a new report from specialist insurance-linked securities (ILS) manager Twelve Securis, as the investment environment within ILS continues to evolve and spreads normalise from recent highs, the margin for error is narrowing, making execution quality more important than ever. The firm outlines that within this environment, sustained performance depends on deep research capabilities, […]