Become a Partner
After 15 years of the Trading Risk Awards we've changed the name and bid farewell to the Trading Risk moniker, but the awards still stand as a trusted and impartial benchmark of quality and excellence within our sector.
Introducing the Insurance Insider ILS Awards.
We are pleased to return to celebrate the (re)insurance convergence industry and reflect on the outstanding contributions and achievements of the last 12 months. Take part in the awards conversation by nominating individuals and companies whose work deserves to be acknowledged.
Entries are now open! Click here to submit your entry. The submission deadline is 21 March 2024.
Please find the 2024 categories, criteria, and entry guide below. If you need assistance or have any questions about the submissions or awards process, please contact Ivan Petkovon +44 20 3835 8448.
For sponsorship opportunities please email Pierre Aghabala (+44 (0) 7985 350 666) or Goran Pandzic (+1 917 232 0308).
2024 Categories
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Open to investment banks, capital markets divisions within broking houses or (re)insurance companies that have demonstrated an ongoing commitment to the convergence sector. Winners will demonstrate consistent management of ILS transactions and/or the successful launch of new trading risk technology, or a newcomer to the market that as enriched the sector through its involvement.
Judges will be interested in detail from relevant transactions, and evidence of the nominee’s impact or innovation within the market. -
This award will highlight an elemental risk transfer transaction which either breaks boundaries in elemental risk transfer or cements the foundations of a core transaction.
The winner will be an efficiently structured, well-priced and successfully executed transaction, with the recipient either the individual or team that structured the transaction. -
This award highlights reinsurance or ILS transactions that insure risk that was previously uninsured or not highly insured. The winning transaction will be able to show significant participation from ILS markets and demonstrate a benefit to the cedant in meeting their need for protection.
Judges will be particularly interested in the level of innovation and uniqueness of the transaction while ensuring a risk which has not previously been well covered. -
This award honours firms with projects or initiatives which have sought to broaden personnel diversity within the ILS market – whether through targeting new talent in the market, making individual workplace processes more inclusive, or providing networking or industry-wide collaboration platforms.
Initiatives can target diversity and inclusion in any of the following protected characteristics:- Age
- Gender
- Race
- Ethnicity
- Sexual orientation
- Disability
- Religion
- Education
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This award will recognise a ESG initiative or programme within the ILS market, either market-wide or at a specific firm, which could include one or more elements.
The winning initiative will show a solid advancement of ESG goals at the firm or within the industry. Judges are looking for an initiative or programme with demonstrable, realised and ongoing results. Evidence of success will be required, and judges will give special consideration to an initiative that sits within a wide-ranging corporate ESG strategy. -
This award will recognise firms that have adopted a new technology or can show uptake of a recent technology that has benefitted the ILS market, whether through cost savings, information efficiencies or opening new market opportunities.
Firms will have to demonstrate uptake of new technology launched after January 2021 or recent successful launch after January 2023, of a product or service which has benefited the market. Judges will be particularly interested in the level of originality, efficiency and scale of ambition shown by the entry. -
Candidates for this award will be from any sector within the convergence market, whose specific initiative – including new trading technology, IT development, modelling innovation, new product, or introduction of new parties to the convergence market – has significantly aided its development. The winner of this category will be a corporation or a team whose specific innovation has made an outstanding contribution to improving the way that (re)insurance risk is transferred in the past year.
Judges will be looking for evidence of the initiative’s impact on the wider market, as well as its effectiveness. -
Candidates will be institutions or investment teams that have made an outstanding contribution to the development of the ILS investor community in the previous year. The winner will have demonstrated a continued, deep commitment to the ILS sector alongside strong financial results, success in attracting new investors to the sector and an innovative or pioneering approach in sourcing risk.
Questions specific to this category- Please provide 2023 returns and 5 year annualised return figures (this information will not be cited in public material about award-winners). If you do not provide any return information your chances of success in this category will be diminished. If disclosure is an issue, please get in touch to discuss.
- Detail your assets under management in 2023 and how AuM levels fared throughout the year
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Submissions will be welcomed for a non-elemental risk transfer transaction – including non-elemental, life and longevity securitisations, swaps, pension buy-ins or buy-outs, transactions and casualty ILS deal – which either breaks boundaries in non-elemental risk transfer or cements the foundations of a core transaction.
The winner will be an efficiently structured, well priced, and successfully executed transaction, with the recipient either the individual or team that structured the transaction. -
This award recognises (re)insurers that have either demonstrated an ongoing commitment to the convergence sector through consistent ILS issuance and/or adoption of new trading risk technology, or a newcomer to the market that has researched the sector and sponsored an innovative deal.
Judges will be particularly interested in transactions with strong ILS backing, evidence of how the nominee has integrated new risk products into the ILS market, and the efficiency of these efforts. -
This category will recognise professional advisers to the convergence sector specialising in reinsurance services – including actuarial services, risk modelling firms and risk transformers among other facilitators of insurance-linked transactions such as law firms, actuaries, accounting or banking service providers. The winner will have played a pivotal role in developing either a new trading risk technology or instrument or in developing the convergence sector.
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Candidates will be an individual, aged 35 or under on 31 December 2023, and working in a non-underwriting role or supporting underwriting functions as an ILS manager, sourcing and/or analysing risk. Although young, the winner would already have made a significant contribution to the sector, clearly demonstrating a solid contribution to the future of the convergence market. Candidates must be nominated, or supported by, their departmental manager.
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This new award has been introduced with the aim to recognise the pivotal role of end-investors within the convergence community, and to highlight the immense contribution that their expertise as allocators brings to the ILS sector. Nominations for the winner in this category are sought from ILS professionals across the value chain. Particular weight will be given to investors that have demonstrated commi, with a particular weight.
There are no entry questions for this category, judges will be looking for suggestions of organisations and a short description to support their nomination. Similar to our Outstanding Contributor, we will not produce a shortlist for this category but announce the winner during the awards ceremony. -
This new award aims to recognise the overall best single ILS fund of 2023, taking account of factors such as performance against similar strategies, AuM growth both organic and through inflows, innovations in strategy and/ or investment process, and pioneering use of technology. The winner will be able to demonstrate excellence in having taken steps with the aim of outpacing the competition, as well as success in the outcomes.
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With end-investors placing high priority on timely, accurate communications about fund performance and valuations, this new award for 2024 aims to honour initiatives to provide best-in-class investor-facing information and communication approaches. The winner will demonstrate originality and ingenuity in developing timely, accessible methods for keeping investors appraised of fund developments, investment approaches, loss impacts, performance updates and returns information either via a product or a project.
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This award will highlight a cyber risk transfer transaction which has broken new boundaries in this emerging market niche.
The winner will be an efficiently structured, well-priced and successfully executed transaction, with the recipient either the individual or team that structured the transaction. -
There will be no shortlist for this category. The winner will be announced at the ILS Awards ceremony in June.
Submissions deadline
Thursday, 21 March 2024
Shortlist announcement
Thursday, 25 April 2024
Award ceremony
Thursday, 27 June 2024
Our judging panel
View the 2023 winners
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WINNER: Howden Tiger Capital Markets & Advisory
- Aon Securities
- GC Securities
- Goldman Sachs & Co
- Swiss Re Capital Markets
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WINNER: African Risk Capacity’s (ARC) Outbreaks & Epidemics Programme | African Risk Capacity Group; Munich Re
- At-Bay Cyber Transaction
Vesttoo- Ferian Re
Ferian Re -
WINNER: Hudson Structured Capital Management (“HSCM”)
- Beazley
- Brit Insurance
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WINNER: Zurich ILS Working Group (Credit Suisse Insurance Linked Strategies, LGT ILS Partners, Plenum Investments , Schroders Investment Management (Switzerland) , Solidum Partners , Twelve Capital) | Zurich ILS Working Group
Voluntary Carbon Credit Invalidation Insurance
Howden
KCC Climate-Conditioned Models for Hurricanes, Floods, and Wildfires
Karen Clark & Company (KCC) -
WINNER: Fontana Holdings (“Fontana”) | RenaissanceRe Holdings
Creation of the London Bridge 2 PCC Platform
The Society of Lloyd's; Clifford Chance; Artex Capital Solutions
Cyber Analytics in the ILS Space
CyberCube
Cat SWAT team
Howden Tiger Capital Markets & Advisory
The Fundamentals of Insurance-Linked Securities Education Programme
Phoenix CRetro -
WINNER: Alternative Capital Partners iLink ("ACP iLink") | Swiss Re Capital Markets
The Vesttoo Platform
Vesttoo -
WINNER: RenaissanceRe Capital Partners
- Hiscox Re & ILS
- Leadenhall Capital Partners
- Schroders Capital ILS
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WINNER: Beazley Cyber Cat Bond (Cairney) | Gallagher Securities
Flywheel Re SPC
Accelerant Insurance
Fontana Holdings (“Fontana”)
RenaissanceRe Holdings
Matterhorn Re (Argon) 2022-1
Swiss Re Capital Markets
The Partnership Capital Platform AdVantage Retro I (“AdVantage”)
Vantage Risk -
WINNER: Accelerant Insurance
- Beazley
- Everest Re Group
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WINNER: Sidley Austin
- Artex Capital Solutions
- Mayer Brown
- The Bermuda Stock Exchange
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WINNER: Andrew Lauer, Elementum Advisors
Tanner Sowa
Howden Tiger Capital Markets & Advisory -
WINNER: Agnes (Xing) Chang, OTPP
Jason Saints
Hudson Structured Capital Management
Mike Rich
K2 Advisors -
WINNER: Henning Ludolphs, Hannover Re
Event Partnerships
If you are interested in becoming an event partner, please contact Pierre Aghabalaon +44 (0) 7985 350 666 or Goran Pandzic on +1 917 232 0308, to discuss how your company can play a role in the programme.
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