The world’s biggest hub for commercial and specialty risk is angling for a much more prominent role in the $140 billion global market for insurance-linked securities.
The Lloyd's of London office building in the City of London. Photographer: Jason Alden/Bloomberg
Carlyle Group Inc. is unveiling a new framework for portfolio risk so that asset values reflect the insurance implications associated with severe weather shocks.
A significant number of data centers is being built in areas that are exposed to extreme weather risks brought on by climate change, a report by XDI has found.
Flood water covers Worcester, England in Feb. 2026. Photographer: Christopher Furlong/Getty Images
As Wall Street races to incorporate war into its risk scenarios, the same people modeling natural catastrophes are now adapting their methodology to help investors, banks and insurers predict military conflicts.
A car service centre in eastern Tehran that was hit by a missile strike, on March 28.
As Wall Street races to incorporate war into its risk scenarios, the same people modeling natural catastrophes are now adapting their methodology to help investors, banks and insurers predict military conflicts.
A car service centre in eastern Tehran that was hit by a missile strike, on March 28.
Some firms are seeking to expand their insurance-linked securities desks
Homes destroyed by the Eaton Fire in Altadena, California, US, on Monday, Jan. 20, 2025. Hurricane-strength gusts from Santa Ana winds will sweep over the mountains and foothills around Los Angeles, putting the region back on high alert after two weeks of devastating fires. Photographer: Kyle Grillot/Bloomberg
When Mitesh Parikh, a headhunter at UK recruiter Selby Jennings, started looking for an ILS modeler for a large US hedge fund this year, the pool of qualified candidates was disconcertingly small.
Burned vehicles at the Altadena Auto Center after the Eaton Fire in Altadena, California in January 2025.
As Boaz Weinstein’s hedge fund, Saba Capital Management, takes on one of the most high-profile environmental investment trusts in Britain, the standoff is morphing into a particularly brutal moment for ESG.
A losing streak in litigation finance is attracting hedge funds and other alternative investment managers looking to invest in legal claims at distressed valuations, according to people familiar with the matter.
The building that houses the office of boutique fund Attestor in London, on March 14, 2024.
The firm plans to power data centers on a grand scale but has struggled to secure clients.
Neugebauer, center left, and Rick Perry, center right, ringing the closing bell during the company's initial public offering at the Nasdaq on October 1, 2025. Photographer: Victor J. Blue/Bloomberg
Galvanize, the alternative investment manager co-founded by billionaire Tom Steyer, is expanding its commercial real estate portfolio as a war-fueled spike in oil and gas prices supports its strategy of flipping properties after making them more energy efficient.
Tom Steyer, co-chair of Galvanize Climate Solutions, speaks during the Aspen Ideas: Climate conference in Miami Beach, Florida, US, on Monday, March 6, 2023. Aspen Ideas: Climate is a solutions-focused event designed for the public to interact with and learn from climate leaders whose ideas and actions are critical to address our collective future.
Fermat Capital Management has invested in the Asian Development Bank’s first-ever catastrophe bonds, designed to shield Kyrgyzstan and Tajikistan against specific types of natural disasters.
Alternative investment managers are pouring unprecedented sums of money into the market for property cover, and reshaping a 180-year-old reinsurance model in the process.
Homes destroyed by the Eaton Fire in Altadena, California, US, on Monday, Jan. 20, 2025. Hurricane-strength gusts from Santa Ana winds will sweep over the mountains and foothills around Los Angeles, putting the region back on high alert after two weeks of devastating fires.
Subsidies meant for poor regions are inadvertently reaching wealthy enclaves.
Flood water, from the burst banks of River Arun following heavy rains during storm Henk, close to residential properties in Pulborough, UK, on Monday, Jan. 8, 2024. The effects of floods are severe, with this storm affecting over 1,000 homes in England. Photographer: Jason Alden/Bloomberg
Fermat Capital Management says a European proposal to limit retail investors’ access to catastrophe bonds faces serious pushback, as money managers specialized in insurance-linked strategies mount a coordinated front.
Homes surrounded by flood waters after Hurricane Beryl made landfall in Sargent, Texas, US, on Monday, July 8, 2024. Hurricane Beryl made landfall on the Texas coast early Monday, bringing heavy rains and life-threatening storm surge after churning across the Caribbean Sea and the Gulf of Mexico.
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