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


  • 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
  • SCI Start the Week - 21 March

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

    PipelineThe pipeline was dominated by auto-related ABS entrants last week. A couple of CMBS and RMBS...

    News    21 March 2016
  • UK ILS commitment reiterated

    In its 2016 Budget announcement yesterday, the UK Government reinforced its commitment to establishi...

    News Round-up    17 March 2016
  • ECB suggests regulatory tweaks

    The ECB has suggested changes to the new securitisation package proposed by the European Commission...

    News Round-up    15 March 2016
  • SCI Start the Week - 14 March

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

    Pipeline Last week's pipeline additions were heavily weighted toward ABS. There were seven new ABS,...

    News    14 March 2016
  • ILW platform bolstered

    Stefano Nicolini has joined Beach & Associates as a vp and will be aid in the development of...

    Job Swaps    10 March 2016
  • Securis launches ILS fund

    Securis Investment Partners is launching a fund which will enable investors to participate directly...

    News Round-up    7 March 2016
  • SCI Start the Week - 7 March

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

    Pipeline With many market participants decamped to Las Vegas for the industry conference, pipeline...

    News    7 March 2016
  • Early redemption for TMNF ILS

    An early redemption notice has been posted for the Kizuna Re II series 2015-1 catastrophe bond, indi...

    News Round-up    3 March 2016
  • UK ILS consultation opens

    HM Treasury has opened a consultation on its proposal for a new regulatory and tax framewor...

    News    2 March 2016
  • Malta gets first RSPV

    USA Risk launched the first reinsurance SPV in Malta last week as the jurisdiction seeks its debut I...

    News Round-up    29 February 2016
  • SCI Start the Week - 29 February

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

    Pipeline The number of ABS deals joining the pipeline slowed last week. The distribution across sec...

    News    29 February 2016
  • Brexit implications weighed

    The UK will hold a referendum on 23 June to decide whether to stay within the EU. Uncertainty about...

    News    25 February 2016
  • Alternative capital pro added

    XL Catlin has appointed Daniel Brookman as alternative capital svp. He will report to Craig Wenzel,...

    Job Swaps    24 February 2016
  • SCI Start the Week - 22 February

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

    PipelinePipeline entrants were dominated by ABS issuers last week. A handful of CDOs/CLOs and CMBS d...

    News    22 February 2016
  • Markel names coo

    Markel CATCo Investment Management has appointed Mark Way as its first coo. The move follow...

    Job Swaps    16 February 2016
  • SCI Start the Week - 15 February

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

    Pipeline As with the previous week, pipeline additions last week were dominated by ABS. There were...

    News    15 February 2016
  • NMS unveils risk management group

    NMS Capital Group has launched a new global risk management services group that will be headed by ne...

    Job Swaps    12 February 2016
  • Insurance solutions to target SMEs

    Newly formed managing general underwriter Ventus Risk Management and XL Catlin have formed a partner...

    Job Swaps    10 February 2016
  • MultiCat Mexico triggered

    S&P says that its single-D rating on the MultiCat Mexico series 2012-I class C notes is unaf...

    News Round-up    10 February 2016
  • SCI Start the Week - 8 February

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

    Pipeline Pipeline additions were heavily skewed to ABS last week. A total of 11 ABS deals were ad...

    News    8 February 2016