Catastrophe risk and insurance-linked securities

• How alternative capital is shaping the global reinsurance industry

  By Karl Goring | 31 August 2017

  The infusion of alternative capital into catastrophe reinsurance has reshaped the market and continues to ripple through the industry as it expands to include new structures and cover new perils.

• Reviewing Hurricane Matthew: Wide-reaching economic impacts, but unlikely to shake the reinsurance and ILS markets

  By Aaron C. Koch | 11 October 2016

  It is worth considering what impacts Hurricane Matthew may have on the insurance-linked securities market and on alternative capital investors more generally.

• Rise of private ILS creates valuation complexities

  By Aaron C. Koch | 23 June 2016

  Growth in insurance-linked securities has increasingly come from private transactions that closely resemble traditional reinsurance business, but these contracts and structures can be more difficult to value.

• Measuring the impact of “locked collateral” on collateralized reinsurance returns

  By Aaron C. Koch | 22 April 2016

  Collateralized reinsurance has become an essential tool for catastrophe-focused investment managers (insurance-linked securities managers).

• Life ILS: 2015 year in review and looking ahead to 2016

  By Alan J. Routhenstein, Steven I. Schreiber, Stuart Silverman | 02 March 2016

  In 2015, we saw an evolution in the reserve financing structures to comply with Actuarial Guideline XLVIII (AG48), and we saw more uniformity in regulatory approvals for such AG48 financings than ever before.

• A game of cat and nous

  By Aaron C. Koch | 27 December 2015

  The insurance-linked securities market is starting to focus on bringing new types of risk and new sponsors.

• Insurance-linked securities (ILS) market explained

  By Aaron C. Koch | 10 December 2015

  Aaron Koch sits down with captive.com for a discussion on insurance-linked securities.

• A new model for weathering risk: CDOs for natural catastrophes

  By Aaron C. Koch | 13 May 2015

  Catastrophe risk markets can create a broader range of investment opportunities, including both very low risk, highly rated catastrophe instruments as well as low-rated, higher-yielding instruments, through the use of collateralized debt obligations.

• Life ILS: 2014 year in review and looking ahead to 2015

  By Alan J. Routhenstein, Steven I. Schreiber, Stuart Silverman | 24 February 2015

  The reserve financing marketplace has evolved in response to changing market conditions since the market started over 10 years ago, and 2015 will be a watershed year.

• Risk-spreading tools for healthcare financing

  By Keith Kennerly, John P. Cookson | 18 February 2015

  Health insurers are starting to look beyond traditional reinsurance and are examining the value of other risk-spreading tools.

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