This video features the first panel discussion of the day at Artemis London 2025, a session focused on the private insurance-linked securities market segment, from our fourth catastrophe bond and insurance-linked securities (ILS) conference in the City of London, UK, held on September 2nd 2025.Over 220 attendees joined our Artemis London 2025 conference to hear insightful talks and benefit from valuable networking, with over 120 organisations represented across a mix of ILS industry participants, insurance and reinsurance specialists, institutional end-investors and those considering allocating to the asset class, entities looking for efficient risk transfer, and service providers to the sector.
With investor confidence in private ILS opportunities having markedly improved over the last few years, not least because ILS managers have worked hard to evolve market structures and contract terms, this panel discussion explored the current state of play in 2025.
The panel, titled Private ILS: Enhancing Flexibility, Managing Complexity, Scaling with Investor Confidence, was moderated by Luca Albertini, Chief Executive Officer, Leadenhall Capital Partners LLP.
He was joined by: Chantal Berendsen, Hedge Fund IDD Senior Analyst, Insurance Specialist, Albourne Partners; Niklaus Hilti, Chief Investment Officer, Euler ILS Partners; and Stefan Knab, Managing Director, PG3 Insurance Core AG.
Our expert speakers discussed the evolution and current state of private insurance-linked securities investments, contrasting them with catastrophe bonds.
Key points raised during the session included the diverse investment opportunities available in private ILS, offering greater geographic diversification and a broader range of risk profiles for investors.
Panellists highlighted the importance of transparency, communication, and long-term relationships between managers and investors.
They noted the challenges of illiquidity and complexity in private ILS, but also its potential for higher returns through leverage and customisation.
Additionally, the discussion touched on the impact of reinsurance market conditions, the appetite of investors, and the strategic importance of maintaining relationships through market cycles.
Watch the full video from our Artemis London 2025 conference (embedded below) to learn more about the state of play in the private insurance-linked securities (ILS) marketplace.
Thank you again to everyone who attended Artemis London 2025, to our wonderful speakers and supportive sponsors.
Registration is now open for our ILS NYC 2026 conference that will be held in New York on February 6th 2026.
Watch videos from our previous Artemis conferences.
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Our Artemis London 2025 conference sponsors can be seen below, we thank them all for their valued support:
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