Welcome to Artemis’ 2025 Monte Carlo Rendezvous Executive Roundtable, during which nine leaders and experts from across the insurance-linked securities (ILS) and reinsurance sector discussed the current state and future prospects of the market.
The overall tone of the discussion was optimistic, reflecting strong market momentum and a growing recognition of ILS as a core component of the global re/insurance landscape.
On the day, roundtable participants noted that ILS investor sentiment remains highly positive, supported by still attractive returns and a resilient performance despite heightened catastrophe activity.
The increased maturity, sophistication, and understanding of the asset class by investors old and new was also explored, as well as the diversity and longevity of capital looking to enter the market, and capital raising and deployment.
Industry experts also debated the importance of maintaining stable terms and conditions (T&Cs), and importantly, discipline, alongside the industry’s ability to absorb a meaningful loss and how investors might react.
Beyond T&Cs and price, participants discussed the softening market environment and specifically whether ILS is a driver of this, noting that the asset class brings collateral, capacity and flexibility.
After a record-breaking first nine-months of the year for the catastrophe bond market, participants expect the $20 billion issuance milestone to be exceeded for the first time in 2025, noting a healthy pipeline for Q4.
The conversation also explored diversification within ILS, notably the potential development of casualty ILS and cyber ILS as opportunities for future market growth.
For this year’s Monte Carlo Roundtable we were joined by the following participants from across the industry:
- Peta White, President, Vantage Risk.
- Sidney Rostan, Head of ILS Strategies, SCOR Investment Partners.
- Henning Ludolphs, Managing Director Retrocession and Capital Markets, Hannover Re.
- Luca Albertini, Founding Partner & CEO, Leadenhall Capital Partners.
- Alexandre Delacroix, EMEA & South West Executive Director, Gallagher Securities & ILS.
- Nina Nikolova, Head of Origination ILS, Schroder Investment Management.
- Fergus Reynolds, Head of ILS, Cedar Trace.
- Jessica Laird, CEO, Nephila Capital.
- Vincent Prabis, Managing Principal, Hiscox ILS.
Download your copy of the 2025 Artemis Monte Carlo Executive Roundtable here.
Previous Artemis roundtable event reports can also be found here.
