Structured Credit Investor SCI’s 5th Annual Capital Relief Trades Seminar 17 October 2019, London

Insurance-linked securities

Insurance-linked securities or ILS are single- or multiple-tranche securitisations facilitating the transfer of risk from the insurance sector to the capital markets. This transfer of risk usually references either catastrophe risk or life risk, though there have been securitisations of other insurance risk, such as motor. Catastrophe risk deals involve the transfer from one party to another of natural catastrophe risk, typically from non-life insurers or reinsurers via the capital markets to investors. It is facilitated by a variety of instruments, chief among them are catastrophe bonds or cat bonds; catastrophe risk obligations (CROs), which utilise collateralised debt obligation (CDO) technology to transfer risk to investors in multiple tranches; and industry loss warranty (ILW) based structures. Life risk transfer involves the transfer of longevity, mortality and pandemic risk from one party to another, typically from life insurers or life reinsurers via the capital markets to investors. Chief among the products used in this sector are life securitisations; life settlement securitisation; and longevity and mortality bonds.

  • Securitisation leader named

    Hannover Life Reinsurance Company of America (Hannover Re US) has promoted Dale Mensik to svp, finan...

    Job Swaps    4 May 2016
  • TigerRisk builds ILS trading capability

    TigerRisk Capital Markets & Advisory has received FINRA approval to trade catastrophe bonds...

    Job Swaps    4 May 2016
  • Kane platform rebranded

    Artex Risk Solutions has rebranded the insurance management operations it recently purchased from Ka...

    Job Swaps    4 May 2016
  • London touted as cyber ILS hub

    The London ILS market is "perfectly positioned to become the global centre for cyber risk insurance"...

    News Round-up    27 April 2016
  • SCI Start the Week - 25 April

    A look at the major activity in structured finance over the past seven days

    Pipeline Last week's pipeline additions were concentrated in ABS. There were six new ABS announced,...

    News    25 April 2016
  • Cat bond issuance hits record

    Catastrophe bond issuance set new records for issuance in 1Q16, according to Aon Benfield's quarterl...

    News    21 April 2016
  • Global ILS head poached

    TigerRisk Partners has recruited Philipp Kusche as partner and global head of ILS and capit...

    Job Swaps    19 April 2016
  • SCI Start the Week - 18 April

    A look at the major activity in structured finance over the past seven days

    Pipeline Last week there were nine ABS deals added to the pipeline. A further three RMBS and two CM...

    News    18 April 2016
  • Bermuda law firm beefs up

    Harneys has recruited corporate and insurance lawyer Michael Skrbic as counsel in its Bermuda office...

    Job Swaps    14 April 2016
  • Cat bond fund launched

    Lombard Odier IM has launched its first catastrophe bond fund, following its recruitment dr...

    News Round-up    13 April 2016
  • Hedging operation

    Debut oprisk ILS prepped

    Credit Suisse is prepping a unique Sfr700m ILS deal. Referred to as OperationalRe, it will utilise c...

    News Analysis    12 April 2016
  • Firms form collateralised ILS fund

    Plenum is launching a new ILS fund to invest in collateralised reinsurance transactions to be source...

    News Round-up    12 April 2016
  • SCI Start the Week - 11 April

    A look at the major activity in structured finance over the past seven days

    Pipeline Pipeline activity picked up again last week. There were 10 ABS additions, as well as an...

    News    11 April 2016
  • Capital markets unit adds DCM director

    Macquarie Capital has appointed Warrick Booth as md in its European debt capital markets team. He wi...

    Job Swaps    7 April 2016
  • Parametric pricing app launched

    Risk Management Solutions (RMS) has launched a new cloud-based app that provides the ability to asse...

    News Round-up    7 April 2016
  • SCI Start the Week - 4 April

    A look at the major activity in structured finance over the past seven days

    Pipeline The week following Easter marked a slow-down in the pace of deals joining the pipeline. At...

    News    4 April 2016
  • ILS lawyer added in NY

    Winston & Strawn has appointed Keith Andruschak to its corporate practice in New York as a p...

    Job Swaps    31 March 2016
  • Everest names risk head

    Everest Re Group has tapped Michael Kerner as its new evp and head of strategy and risk management....

    Job Swaps    31 March 2016
  • Artex makes another acquisition

    Artex Risk Solutions has strengthened its ILS capabilities further by acquiring Hexagon Insurance an...

    Job Swaps    30 March 2016
  • PartnerRe names chairman, ceo

    John Elkann has been appointed as chairman of PartnerRe's board of directors, while Emmanuel Clarke&...

    Job Swaps    29 March 2016
  • Kane sells ILS business

    Artex Risk Solutions is set to acquire Kane's insurance management operations (KIM), with the deal e...

    Job Swaps    22 March 2016