Artemis Live - Insurance-linked securities (ILS), catastrophe bonds (cat bonds), reinsurance

This episode features another of our panel discussions at Artemis ILS NYC 2026, our tenth catastrophe bond and insurance-linked securities (ILS) conference in the ILS NYC series, held on February 6th 2026 in New York.This panel was focused on the catastrophe bond market segment and titled "Cat bonds: Maintaining an equilibrium in value, for both sponsors and investors."This cat bond focused panel discussion was kindly moderated by Philipp Kusche, Chairman HCMA Europe, Global Co-Head ILS, Howden Capital Markets & Advisory.He was joined on stage by: Stephan Ruoff, Co-Head of Private Debt & Credit Alternatives, Chairman ILS, Schroders Capital; Michael Bennett, Global Head Market Solutions & Structured Finance, World Bank; Niklaus Hilti, Chief Investment Officer, Euler ILS Partners; and Paul VanderMarck, Chief Technology & Innovation Officer, SageSure.Our panellists explored the current state of the catastrophe bond market and the need to balance investor and sponsor demands, highlighting a record-fast spread tightening in recent months and still-increasing interest from an increasingly broad range of investors.Key points included the impact of investor interest on the cat bond asset class from both traditional allocators, as well as newer types of quantitative investors and wealth platforms. The discussion covered the importance of capacity and pricing, the need for continued evolution in parametric cat bond triggers, and the challenges of managing liquidity in the market.Panellists suggested that future growth predictions for the cat bond market ranged from 5-10% annually, sometimes higher, with a goal of reaching an asset class sized at around $100 billion in outstanding cat bonds by 2030.They also discussed the importance of managing capacity against demand and how this could become a challenge as the cat bond market grows, as well as the need to keep improving secondary market liquidity and functionality.Listen to the full audio of this panel discussion from our Artemis ILS NYC 2026 conference to learn more about conditions in the catastrophe bond marketplace, from the perspective of both investors and sponsors.

On February 6th 2026, Artemis held its tenth conference in the NYC series in Midtown Manhattan, New York City. With over 450 registered attendees, it was the largest catastrophe bond and insurance-linked securities market conference hosted by Artemis to-date.Using the power of AI, you can now listen to a review of the conference that provides insights into the main themes of discussion during the panel sessions at the event.Please note, being AI generated this is embellished somewhat, but it does provide an accurate representation of discussions that took place, key themes that emerged and how the conference went on the day.It’s clear from the discussions had at the conference that the insurance-linked securities (ILS) market is in good health, but still has a lot more it can do to meet its potential.Opportunities abound, but the need to meet them with discipline remains critical, to ensure the resilience and sustainability of the ILS product offering for both protection buyers and investors.At the same time, the industry has a clear need to continue its process of educating customers on both sides of the trade, while also explaining the beneficial way capital markets can play a growing role in global insurance, reinsurance and risk transfer.While the ILS market is in good health and considerably more mature in 2026, it still has the potential to grow and evolve much further, to play an increasingly important role by embedding itself ever more deeply into global risk and reinsurance capital provision.

The catastrophe bond market broke numerous records in 2025, as issuance soared to new heights. Insurance and reinsurance sponsors of cat bonds came to market in their droves, lifting the number of new catastrophe bond deals tracked by Artemis.bm to a new record in 2025, cementing the instruments role as both reinsurance and investment strategy.

This podcast episode features the third panel discussion of the day at Artemis London 2025, a session focused on the non-catastrophe opportunities in ILS, from our fourth cat bond and insurance-linked securities (ILS) conference in the City of London, UK, held on September 2nd 2025.The panel, titled "Broadening the non-cat ILS landscape", was moderated by Des Potter, Special Advisor, Lloyd’s (INED – Howden Capital Markets & Advisory).He was joined by: Jonathan Gray, Chief Underwriting Officer, Pool Re; Sébastien Bamsey, Managing Director, Howden Capital Markets & Advisory; Callum O’Rourke, Vice President, Neuberger Berman; and Fergus Reynolds, Head of ILS, Cedar Trace.Our expert speakers discussed the non-catastrophe insurance-linked securities market, highlighting its still relatively small but now growing size.Key areas of focus included terrorism, cyber, and quota share structures to access broader types of risk, as well as innovations around stop-loss notes and the potential for investors to access new classes of risk via Lloyd’s. The panel emphasised the need for transparency, modelling accuracy, and building investor comfort, particularly in non-property risks. They also discussed the role of London Bridge in facilitating ILS transactions at Lloyd’s and the importance of continued regulatory responsiveness and cost-efficiency. The conversation underscored the potential for growth in non-cat ILS, driven by demand for flexible capital and diversification benefits, but also noted that communicating the opportunity is key with both cedents and investors.Listen to this full podcast episode from our Artemis London 2025 conference to learn more about insurance-linked investment opportunities outside of catastrophe risks.

This episode features the second panel discussion of the day at Artemis London 2025, a session focused on the catastrophe bond market segment, from our fourth cat bond and insurance-linked securities (ILS) conference in the City of London, UK, held on September 2nd 2025.The panel, titled Catastrophe bonds: Sustaining momentum as relevance grows, was moderated by Tanja Wrosch, Executive Director, Cat Bond Portfolio Manager, Twelve Securis.She was joined by: Joe Tolen, Senior Investment Director, Credit Investment Group, Cambridge Associates; Gina Hardy, CEO, North Carolina Insurance Underwriting Association (NCIUA), North Carolina Joint Underwriting Association (NCJUA); Andre Rzym, Partner and Portfolio Manager, Man AHL; and Andy Palmer, Head ILS Structuring EMEA & APAC, Swiss Re Capital Markets.Our expert speakers discussed the growth of the market as well as potential challenges in sustaining that through different and increasingly competitive reinsurance market conditions.The need for efficient market processes was highlighted, as well as a desire to continue attracting and supporting new cat bond sponsors, including corporates and governments. The panellists also recognised that cat bonds and other ILS can still be a difficult sell to investors, with education and transparency remaining critical, while communication with sponsors was also highlighted. The discussion also covered the impact of ESMA’s recommendations on UCITS asset eligibility and how this might affect the cat bond market over-time, as well as the potential for product innovations in the catastrophe bond space.Listen to this full podcast episode from our Artemis London 2025 conference to learn more about the state of play in the catastrophe bond marketplace.

This podcast episode features the first panel discussion of the day at Artemis London 2025, a session focused on the private insurance-linked securities market segment, from our fourth catastrophe bond and insurance-linked securities (ILS) conference in the City of London, UK, held on September 2nd 2025.The panel, titled Private ILS: Enhancing Flexibility, Managing Complexity, Scaling with Investor Confidence, was moderated by Luca Albertini, Chief Executive Officer, Leadenhall Capital Partners LLP.He was joined by: Chantal Berendsen, Hedge Fund IDD Senior Analyst, Insurance Specialist, Albourne Partners; Niklaus Hilti, Chief Investment Officer, Euler ILS Partners; and Stefan Knab, Managing Director, PG3 Insurance Core AG.Our expert speakers discussed the evolution and current state of private insurance-linked securities investments, contrasting them with catastrophe bonds.Key points raised during the session included the diverse investment opportunities available in private ILS, offering greater geographic diversification and a broader range of risk profiles for investors.Panellists highlighted the importance of transparency, communication, and long-term relationships between managers and investors.They noted the challenges of illiquidity and complexity in private ILS, but also its potential for higher returns through leverage and customisation.Additionally, the discussion touched on the impact of reinsurance market conditions, the appetite of investors, and the strategic importance of maintaining relationships through market cycles.Listen to the full podcast episode from our Artemis London 2025 conference to learn more about the state of play in the private insurance-linked securities (ILS) marketplace.

Listen to this podcast episode for a recap of top catastrophe bond, insurance-linked securities and alternative reinsurance capital news, from the week-ending September 14th 2025.Listen to a recap of Artemis' most read catastrophe bond and insurance-linked securities (ILS) news of the last week. We hope this summary provides an easy way to listen to a recap of some of last week's top stories.This week we covered: Swiss Re's moves to consolidate its ILS management platform while its executives explained that alternative reinsurance capital can only become more important; major reinsurers Everest Re, Liberty Mutual Reinsurance, and Mapfre Re all signal stability for attachments and terms is desired; Gallagher Re says property aggregate limit is becoming more available; the Florida Retirement System Pension Plan has specialty and quota share ILS opportunities in its pipeline; Lorenzo Volpi, Deputy CEO of Leadenhall Capital Partners explains that manager selection needs to consider more than just performance; our roundtable in Monaco saw executives with a positive outlook; Aon calls on the re/insurance market to optimise its capital stack and align it with strategy; and more.

Listen to this podcast episode for a recap of top catastrophe bond, insurance-linked securities and alternative reinsurance capital news, from the week-ending August 31st 2025.Listen to a recap of Artemis' most read catastrophe bond and insurance-linked securities (ILS) news of the last week. We hope this summary provides an easy way to listen to a recap of some of last week's top stories.This week we covered: a new CEO for Nephila Capital; Sompo acquiring Aspen Insurance Group; Enstar Group launches its first sidecar; Munich Re exec cautions on staying power of ILS capital; PartnerRe Capital Management hires Benjamin Baltesar; Aon says alternative capital hits $121bn record high; Twelve Securis appoints Paul Larrett as Head of Private ILS; AM Best on expectations for the cat bond market to continue growing and reinsurance efficiency; and Howden Re's David Flandro on the reinsurance cycle.

Listen to this podcast episode for a recap of top catastrophe bond, insurance-linked securities and alternative reinsurance capital news, from the week-ending August 17th 2025.Listen to a recap of Artemis' most read catastrophe bond and insurance-linked securities (ILS) news of the last week. We hope this summary provides an easy way to listen to a recap of some of last week's top stories.This week we covered: industry CEO's comments on the soft market and the state of returns in natural catastrophe reinsurance; catastrophe bond fund performance year to date; growth in capital under management at RenaissanceRe and the latest projection for ILS capital in reinsurance from AM Best and Guy Carpenter; strong continued traction in Bermuda as more new ILS structures are registered in the first-half of the year; and more.

Listen to this podcast episode for a handy recap of top catastrophe bond, insurance-linked securities and alternative reinsurance capital news, from the week-ending August 3rd 2025.Listen to a recap of our most read catastrophe bond and insurance-linked securities (ILS) news of the last week. We hope this summary provides an easy way to listen to a recap of some of last week's top stories.This week we covered: Nephila Capital's catastrophe premium growth; new hires in the industry; Aon's CEO commenting that his firm is unlocking new capacity for clients with parametrics and ILS; SageSure's CEO on his firms first reinsurance sidecar deal Seawall Re; Ascot on its debut casualty sidecar Wayfare Re; Swiss Re Capital Markets on catastrophe bond market momentum; Allstate buying a new homeowners aggregate reinsurance arrangement; The Los Angeles Department of Water and Power returning for its third wildfire catastrophe bond; Japan Post Insurance making a significant investment alongside Global Atlantic; and more.

Listen to this podcast episode for a handy recap of our most read catastrophe bond, insurance-linked securities and alternative reinsurance capital news, from the week-ending July 20th 2025.Listen to a recap of our most read catastrophe bond and insurance-linked securities (ILS) news of the last week. We hope this summary provides an easy way to listen to a recap of some of last week's top stories.This week we covered: an exclusive interview with Nephila Capital leaders discussing the business now six year's after the acquisition by Markel Group; the Texas Windstorm Insurance Association may buy less reinsurance and cat bonds next year; the cat bond market sees a $23bn 12-month run of issuance; Arch Capital Group Ltd.'s Claveau Re cat bond faces total loss; the UK Government launches new ILS consultation; Aon estimates H1 2025 global insured catastrophe losses at over $100bn; Augment Risk's Jag Jass discusses the need for casualty ILS to consider built-in legacy exit strategies; who can you meet at our upcoming Artemis London conference; MLC Asset Management's Gareth Abley and Jehan Sukhla on ILS as essential social infrastructure; and HSBC Bank USA hires Michael Commisso to enhance cat bond and ILS trust capabilities.

Listen to this podcast episode for a handy recap of our most read catastrophe bond, insurance-linked securities and alternative reinsurance capital news, from the week-ending July 13th 2025.Listen to a recap of our most read catastrophe bond and insurance-linked securities (ILS) news of the last week. As we continue to experiment with artificial intelligence tools, we hope this summary provides an easy way to listen to a recap of some of last week's top stories.This week we covered a full-year record for the catastrophe bond market which fell by the first week of July in 2025, the latest data on property catastrophe reinsurance rates-on-line, Florida market dynamics, retrocession buyers being more commercial on trapped collateral, catastrophe exposure growth, the latest hurricane forecasts, cat bond market yields and pricing, plus aggregate reinsurance demand being increasingly met.