Insurance-Linked Securities Increasingly Important To Reinsurers: S&P

Reinsurers are increasingly turning to third-party capital to support their retrocession needs amid rising catastrophe losses, a new report has shown. According to S&P Global Ratings, nearly 15 percent of total reinsurance capital is sourced through insurance-linked securities (ILS) issuances, while the share is increasing significantly within the retrocession market. “In 2021, they ceded about […]

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; […]