Are Side Cars a Good Option for Insurers?

For this one of our sponsor showcase video interviews, for the upcoming Artemis ILS NYC 2022 conference (held April 22nd in New York City), we welcomed speakers from one of our Associate sponsors for the conference, global law-firm Mayer Brown.

As ever, we’re looking at the development of the insurance-linked securities (ILS) market with one eye to the future, as is the way with Artemis’ ILS events. You can register for the event online here: https://www.artemis.bm/ils-nyc-2022/ 

Joining us for this conversation were Steve Rooney, Partner and Co-leader of Mayer Brown's Global Insurance Industry Group; Ricky Spitzer and Colin Scgall, both Partner's in the Global Insurance Industry Group of the law firm. 

The trio highlighted some trends they are watching in insurance-linked securities (ILS), in terms of still converging reinsurance and capital market activities, as well as in certain structures such as catastrophe bonds and reinsurance sidecars. 

They also discussed the emergence of new domiciles for ILS issuance, such as Singapore, Hong Kong and London, highlighting what is working, and where there is more work to do. 

Finally, the three legal executives explained some of the opportunities they see for the ILS market, including environmental, social and governance (ESG), new sponsor entrants and new uses of cat bonds to support humanitarian goals.