Insurance-Linked Securities
Evaluate the risk of every live catastrophe bond, whether you’re a reinsurer, an established ILS fund, a startup fund, an end investor, a corporate entity, or a government agency.
Understand Risk and Return
Swiftly analyze insurance-linked securities (ILS) as soon as they come to market and explore the associated risk to your entire portfolio.
Prevent Surprises
Invest with confidence using the latest view of industry risk, backed by world-class data and model methodologies.
Gain Competitive Edge
Optimize investments with the most trusted view of risk, whether structuring a transaction or trading securities during an ongoing catastrophic event.
Structure Complex Risks
Use best-available analytics to structure even the most complex transactions, including parametric transactions.
An Expert Team That Understands the Market
Leverage the largest, most experienced insurance-linked securities team in the market today, with a deep understanding of investor needs and goals developed through strong relationships with global reinsurers, specialist catastrophe, pension, and hedge fund managers.
Related Products
Miu
Gather essential catastrophe risk management insights for competitive portfolio management as alternative capital markets reach an all-time high.
Intelligent Risk Platform
The Moody's RMS Intelligent Risk Platform™ is an unified risk analytics platform purpose-built for the needs of the global risk landscape.
HWind
Moody's RMS HWind provides observation-based tropical cyclone data for real-time and historical events in the Atlantic, East Pacific, and Central Pacific Basins.
Sierra Ltd. – Parametric Mortgage Risk Transfer
Earthquake can lead to widespread mortgage defaults. As borrowers hand back keys for destroyed properties, lenders are left with no possibility to recover their losses. Moody's RMS analytics and expertise on parametric risk transfer enabled a large investor in U.S. mortgage-related securities to transfer a layer of this risk to the capital markets, through a first-of-its-kind catastrophe bond issuance, Sierra Ltd.
Cape Lookout Re Ltd. – U.S. Indemnity Transaction
When the North Carolina Insurance Underwriting Association (NCIUA) was seeking indemnity cover for U.S. windstorm and convective storm, it turned to the capital markets and the support of Moody's RMS to provide analytics for two separate transactions, totaling $550 million in protection.
Tangency Capital
Upon its inception, Tangency entered into an outsourcing arrangement with Moody's RMS where pricing and portfolio analytics would be conducted by the ILS team. This enabled Tangency to focus on risk origination and raising capital until the assets under management (AUM) was sufficient to support a full Miu license. The relationship was a success and Tangency now has over $400 million AUM.
Swiss Re Chooses Moody's RMS for Pandemic Risk
Moody's RMS was selected by Swiss Re for the 2020 reissuance of its excess mortality bond (‘Matterhorn’). Moody's RMS models provided in-depth insights into the risk of extreme mortality from a variety of perils, most notably pandemics and terror attacks. The bond was well-received by investors, taking Swiss Re’s protection from the Matterhorn program to US$855 million.
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