Artemis Live - Insurance-linked securities (ILS), catastrophe bonds (cat bonds), reinsurance 166: Capital markets structures for originators (sidecars for MGA's) - Artemis Live webinar
Dec 12, 2024
01:02:03
This is a recording of our "Capital markets structures for originators (sidecars for MGA's)" live webinar that was held on November 21st 2024 and featured insurance-linked security (ILS) and reinsurance industry experts that joined us to discuss the developing trend for risk originators using ILS structures to source capital markets risk and partner capacity.
The use of alternative sources of risk and reinsurance capital by the originators of insurance risk, such as managing general agents (MGAs), is a notable trend and one we anticipate expanding over time.
There have been numerous attempts to achieve this in the past, effectively bringing the capacity of ILS funds and institutional investors closer to the sources of risk. Some of these have faced challenges, in terms of controlling attritional losses to find the right balance between risk and return.
But now, the market has started to make innovative use of ILS structures such as sidecars, to provide aligned mechanisms through which investors can participate in the underwriting performance of MGAs, while those MGAs can benefit from access to an efficient, alternative capital source.
This Artemis Live webinar was moderated by Steve Evans and featured participants: Scott Cobon, Managing Director of Insurance Management Services at Artex Capital Solutions; Raoul Lobo, Vice President at Stone Point Capital; Brad Adderley, Managing Director and the Bermuda Managing Partner at Appleby; and Ethan Allen, Executive Vice President, Chief Risk Officer at MS Transverse Insurance Group.
Speakers explored what potential sponsors of these structures need to be aware of and preparing for, as well as the opportunity for investors to partner with risk originators using sophisticated ILS and capital market structures.
Listen to the full podcast episode to gain insights from industry experts and hear discussion on this developing area of the insurance-linked securities (ILS) and reinsurance capital market.
The use of alternative sources of risk and reinsurance capital by the originators of insurance risk, such as managing general agents (MGAs), is a notable trend and one we anticipate expanding over time.
There have been numerous attempts to achieve this in the past, effectively bringing the capacity of ILS funds and institutional investors closer to the sources of risk. Some of these have faced challenges, in terms of controlling attritional losses to find the right balance between risk and return.
But now, the market has started to make innovative use of ILS structures such as sidecars, to provide aligned mechanisms through which investors can participate in the underwriting performance of MGAs, while those MGAs can benefit from access to an efficient, alternative capital source.
This Artemis Live webinar was moderated by Steve Evans and featured participants: Scott Cobon, Managing Director of Insurance Management Services at Artex Capital Solutions; Raoul Lobo, Vice President at Stone Point Capital; Brad Adderley, Managing Director and the Bermuda Managing Partner at Appleby; and Ethan Allen, Executive Vice President, Chief Risk Officer at MS Transverse Insurance Group.
Speakers explored what potential sponsors of these structures need to be aware of and preparing for, as well as the opportunity for investors to partner with risk originators using sophisticated ILS and capital market structures.
Listen to the full podcast episode to gain insights from industry experts and hear discussion on this developing area of the insurance-linked securities (ILS) and reinsurance capital market.