When Will We See a $50 Billion ILS Issuance Year?

By Gary Kerney April 25, 2013

Issuance of insurance-linked securities is growing rapidly. A recent Artemis report put the total outstanding at more than $40 billion. At $5.9 billion, last year was the second most active for catastrophe bond issuance. And third-party capital has become a greater force in the reinsurance industry.

So what happens next?

To find out, join me at the Verisk Insurance Solutions 2013 Risk Symposium — June 24 in London — and attend Session 203: How Far Away Is $50 Billion? I’ll be moderating a panel of key ILS community members, who will discuss the issue in detail. Topics will include:

  • the reasons for recent rapid market growth — and their implications for insurers and reinsurers
  • structural barriers to ILS sector growth and what it will take to get to a $50 billion issuance year
  • how to attract midmarket sponsors to the sector
  • the effect of frictional costs on the ILS market and how to reduce them
  • ideas for innovation that could make the capital markets more accessible

We’re planning to leave plenty of time for questions, and I hope our discussion stimulates many. I’ll be in London all week, in case you want to meet later to discuss ILS market developments one on one.

A clear understanding of capital market risk transfer is more important than ever. Join us to learn how you can use ILS more effectively.


Gary Kerney

Gary Kerney, one of the most prolific contributors to this blog, retired from Verisk in 2013. Mr. Kerney served as assistant vice president, Property Claim Services (PCS). Since joining PCS in 1981, he worked on catastrophe identification, loss estimating, and catastrophe response and mitigation.