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Casualty: The next ILS frontier?11 July 2018 - By Aaron C. Koch - Article

Important progress has been made in establishing a precedent for casualty insurance-linked securities transactions in the last several years, but there is still significant work to do.

Non-NatCat insurance-linked securities: Identifying market opportunities for diversifying perils28 November 2017 - By Aaron C. Koch - Article

This paper, the first in a three-part series, provides an overview of non-NatCat insurance-linked securities.

Surveying the damage: The impact of Harvey, Irma, and Maria on the alternative capital market31 October 2017 - By Aaron C. Koch - Article

In the wake of Hurricanes Harvey, Irma, and Maria, the property and casualty insurance and reinsurance markets are positioned to step in and provide perhaps the largest series of storm-related payouts in history.

Reviewing Hurricane Matthew: Wide-reaching economic impacts, but unlikely to shake the reinsurance and ILS markets11 October 2016 - By Aaron C. Koch - Article

It is worth considering what impacts Hurricane Matthew may have on the insurance-linked securities market and on alternative capital investors more generally.

Rise of private ILS creates valuation complexities23 June 2016 - By Aaron C. Koch - Article

Growth in insurance-linked securities has increasingly come from private transactions that closely resemble traditional reinsurance business, but these contracts and structures can be more difficult to value.

Measuring the impact of “locked collateral” on collateralized reinsurance returns22 April 2016 - By Aaron C. Koch - Article

Collateralized reinsurance has become an essential tool for catastrophe-focused investment managers (insurance-linked securities managers).

A game of cat and nous27 December 2015 - By Aaron C. Koch - Article

The insurance-linked securities market is starting to focus on bringing new types of risk and new sponsors.

Insurance-linked securities (ILS) market explained10 December 2015 - By Aaron C. Koch - Article

Aaron Koch sits down with captive.com for a discussion on insurance-linked securities.

A new model for weathering risk: CDOs for natural catastrophes13 May 2015 - By Aaron C. Koch - Article

Catastrophe risk markets can create a broader range of investment opportunities, including both very low risk, highly rated catastrophe instruments as well as low-rated, higher-yielding instruments, through the use of collateralized debt obligations.

Hedge fund today...reinsurer tomorrow?23 October 2014 - By Aaron C. Koch - Article

The rise of collateralized reinsurance and what it means for the future of insurance-linked securities.


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