December 10, 2026 • Public Finance • Senior Research Analyst

How Sovereign Risk Transfer Instruments Protect Public Finances

Governments increasingly use insurance-linked securities to transfer natural disaster risk to capital markets. This article examines how sovereign risk transfer structures work, how they differ from private catastrophe bonds, and what institutional investors should evaluate when considering public sector instruments.

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October 15, 2026 • ILS Mechanics • Lead Research Analyst

How Catastrophe Bond Trigger Types Shape Investor Payouts

Different trigger designs determine when and how investors receive payouts after a natural disaster. Understanding these mechanics is essential for evaluating insurance-linked securities.

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October 28, 2026 • Risk Analysis • Senior Structuring Analyst

Collateral Pools and Counterparty Risk in Insurance-Linked Securities

Collateral arrangements protect investors when sponsors face distress, but the mechanics vary widely across insurance-linked structures. Understanding these protections requires looking past headline yields to the legal and operational details that determine recovery.

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November 5, 2026 • Market Analysis • Lead Research Analyst

How Climate Trends Are Reshaping Catastrophe Bond Pricing Assumptions

Traditional catastrophe models rely on historical loss data that may increasingly understate future risk. This article examines how climate trends affect pricing assumptions and what investors should consider when evaluating forward-looking models.

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November 12, 2026 • ILS Structures • Senior Structuring Analyst

Understanding Sidecar Structures and Their Role in Reinsurance Markets

Reinsurance sidecars offer investors a way to participate directly in underwriting results through limited-duration vehicles. This article explains how these structures work, how they differ from catastrophe bonds, and what investors should examine before committing capital.

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November 19, 2026 • Risk Analysis • Lead Research Analyst

How Basis Risk Separates Sophisticated Investors from the Rest

Basis risk is the quiet killer in insurance-linked securities. It describes the gap between what a model predicted and what actually happened. This article examines how basis risk manifests across trigger types and why investors who ignore it often discover its significance at the worst possible moment.

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November 26, 2026 • Market Structure • Senior Market Analyst

Understanding Liquidity and Secondary Market Dynamics in Insurance-Linked Securities

Liquidity in insurance-linked securities markets behaves differently from conventional fixed income. This article examines how secondary market dynamics function, what factors affect pricing between issuance and maturity, and why liquidity assumptions deserve careful scrutiny before capital commitment.

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December 3, 2026 • Market Analysis • Senior Research Editor

An Interview with a Catastrophe Bond Structuring Specialist on Market Evolution

David Chen has spent fifteen years designing alternative risk transfer instruments for institutional sponsors. In this interview, he discusses how catastrophe bond structures have evolved, what investors misunderstand about trigger mechanics, and why the quietest provisions in offering documents often matter most.

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