Insurance-Linked Securities (ILS)

From sovereign disaster risk finance and critical infrastructure protection to uncorrelated, attractive, risk-adjusted and ESG meaningful portfolio diversification.

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Where insurance meet capital markets

US National Association of Insurance Commissioners (NAIC) define Insurance-linked securities as "products of the rapid development of financial innovation and the process of convergence between the insurance industry and the capital markets." 

In practical terms that means....

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Cherry picked selection of news on ILS, DRF, Reinsurance and other matters related to our activities. Updated on a weekly basis.

Cat bonds & related ILS reach new $17bn annual issuance record

Catastrophe bond and related insurance-linked securities (ILS) new issuance has now reached $17 billion in 2021, setting a new annual record for the total tracked by our Artemis Deal Directory. It’s also notable that issuance of new Rule 144A property catastrophe bonds has surpassed $10 billion now for the second year running and only the second time in the cat bond market’s history. In fact, property catastrophe bond issuance has already reached almost $10.4 billion in 2021, so is now closing in fast on the annual record set a year ago,

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Reinsurance: Innovative ILS addresses emerging needs

The past two years have seen innovative issuance of Insurance-linked securities (ILS), addressing different emerging needs, notes S&P Global Ratings (S&P) in a report. These needs include: The increase in insured exposure (e.g., properties exposed to typhoon risk in China); The protection gap to address the underserved following events such as the earthquake in Haiti; Additional investment around risk mitigation strategies to navigate new forms of volatility that can be protected against with parametric triggers, such as business interruption following no physical damage to property or damage to important infrastructure;

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