This article summarizes the key discussions and findings from the Artemis 2025 Monte Carlo Rendezvous Executive Roundtable. Industry leaders provided their insights into the evolving landscape of insurance-linked securities and reinsurance, covering market sentiment, capital dynamics, and emerging opportunities. The overall sentiment was positive, reflecting a robust market and increasing recognition of ILS as a vital component of the global re/insurance market. The dialogue also touched upon the industry's ability to withstand significant losses and the potential for new growth areas like casualty and cyber ILS.
Key Discussions and Insights from the 2025 Artemis Monte Carlo Roundtable
On October 21, 2025, Artemis hosted its annual Monte Carlo Rendezvous Executive Roundtable, bringing together nine distinguished leaders and experts from the insurance-linked securities (ILS) and reinsurance sectors. The event, held in collaboration with SCOR Investment Partners and Vantage Risk, offered an in-depth look into the current state and future prospects of the market. Participants noted a prevailing sense of optimism, driven by strong market momentum and the growing acceptance of ILS as a fundamental pillar of the global re/insurance environment.
A significant point of discussion was the highly favorable investor sentiment towards ILS. This positivity is fueled by consistently attractive returns and the market's demonstrated resilience even in the face of elevated catastrophe events. Experts also explored the increased maturity, sophistication, and understanding of the ILS asset class among both seasoned and new investors. The conversation further delved into the diverse and sustained capital seeking entry into the market, alongside strategies for capital raising and deployment.
Maintaining stable terms and conditions, coupled with stringent discipline, emerged as crucial factors for the industry. Participants debated the market's capacity to absorb substantial losses and the anticipated reactions from investors in such scenarios. The softening market environment was also addressed, specifically examining ILS's role as a driver, given its contributions of collateral, capacity, and flexibility.
Following a record-breaking first nine months for the catastrophe bond market, attendees projected that the $20 billion issuance milestone would be surpassed for the first time in 2025, with a healthy pipeline expected for the fourth quarter. The roundtable concluded with discussions on diversifying within ILS, particularly the potential for developing casualty ILS and cyber ILS as avenues for future market expansion.
The distinguished participants included Peta White, President of Vantage Risk; Sidney Rostan, Head of ILS Strategies at SCOR Investment Partners; Henning Ludolphs, Managing Director of Retrocession and Capital Markets at Hannover Re; Luca Albertini, Founding Partner & CEO of Leadenhall Capital Partners; Alexandre Delacroix, EMEA & South West Executive Director at Gallagher Securities & ILS; Nina Nikolova, Head of Origination ILS at Schroder Investment Management; Fergus Reynolds, Head of ILS at Cedar Trace; Jessica Laird, CEO of Nephila Capital; and Vincent Prabis, Managing Principal at Hiscox ILS. The comprehensive report from this roundtable is now available for free download.
This roundtable highlights the dynamic evolution of the ILS and reinsurance markets. The sustained optimism and growth projections underscore the sector's increasing importance in global financial resilience. The focus on diversification into areas like casualty and cyber ILS demonstrates a forward-thinking approach, recognizing new opportunities for risk transfer and capital deployment. It's clear that continuous innovation and robust market discipline will be key to navigating future challenges and maximizing the potential of these sophisticated financial instruments.
