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Insurance Insider ILS is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
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Entries for this year's Insurance Insider ILS awards are now open!

Awards Ceremony: 27 June 2024 | London

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Celebrating convergance market talent

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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.

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 14 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.

Get involved for 2024! For sponsorship opportunities please email Pierre Aghabala on +44 (0) 7985 350 666 or Goran Pandzic on +1 917 232 0308.

Accordion List - 2024 Categories

2024 Categories

  • Broker-Deal of the Year

    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.
  • Nat-cat Transaction of the Year

    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.
  • Closing the Protection Gap Award

    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.
  • D&I Initiative of the Year

    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
    Judges will be particularly interested in measurable evidence of the impact of the project or initiative at the firm or at a market-wide level. They will be looking at the overall impact of the initiative, and its efficacy in welcoming diversity in the workplace.
  • ESG Initiative of the Year

    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.
  • ILS InsurTech Solution of the Year

    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.
  • Initiative of the Year

    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.
  • Manager of the Year

    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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  • Non-cat Transaction of the Year

    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.
  • (Re)Insurer/Sponsor of the Year

    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.
  • Reinsurance Facilitator of the Year

    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.
  • Young ILS Person of the Year

    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.
  • End Investor Achievement Award

    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.
  • Fund of the Year

    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.
  • Reporting Initiative of the Year

    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.
  • Cyber ILS Award

    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.
Submit Your Entry View Entry Guide
Key Dates

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Submissions deadline

 25 January 2024

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Shortlist announcement

14 March 2024

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Award ceremony

27 June 2024

Judges

Meet our panel of judges

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Andre Perez

Chairman, Las Olas Holdings

Mr. Perez is a successful entrepreneur with over 30 years of experience in the global (re)insurance industry. Most recently, he was the founder and Chairman of the Horseshoe Group, a leading financial market services provider dedicated to both Insurance-Linked Securities (“ILS”) and the alternative investment fund markets.

Mr. Perez is currently the Chairman of Las Olas Holdings, a Bermuda-based holding company, predominantly focused on investing in start-ups and entrepreneurs embracing and commercializing disruption within a particular sector or market.

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Craig Hupper

Senior Vice President and Managing Director, TransRe

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Des Potter

Special Advisor to Chief Financial Officer, Lloyd’s

Des Potter joined Lloyd’s in March 2022 as Special Advisor to the Chief Financial Officer, Burkhard Keese, focusing on enhancing access for institutional investors to the Lloyd’s market.

He has over 20 years senior executive experience in the (re)insurance and Insurance-Linked Securities markets, having previously worked at Aon Benfield Securities Ltd, Barclays Bank and, most recently, spending ten years at Guy Carpenter as both CEO of investment advisory firm MMC Securities Ltd and Managing Director of GC Securities.

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Jutta Kath

CEO and Founder of uni-kath

Jutta has held executive positions in the insurance and reinsurance industry in companies like HDI, Hannover Re, Converium, Winterthur Insurance, Zurich Insurance Group and Allianz.

Before founding her own consulting and coaching firm in late 2020, she was part of the ILS team at Schroder Secquaero. Since 2016, she has held NED positions at Uniqa Insurance Group, Uniqa Insurance Austria and Uniqa Re. She also acts as the Chair of the Swiss branch of ISC, a womens’ network in the insurance industry.

 

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Kirby Wisian

Cat Risk Management and Cat Reinsurance Consultant, USAA

An experienced catastrophe reinsurance leader in the Property and Casualty Industry, Kirby Wisian retired from the United States Automobile Association (USAA) in 2022, where he was a Vice President of catastrophe risk management. A proficient Actuary FCAS, Wisian focused on catastrophe risk management, acquiring catastrophe reinsurance, managing risk concentrations, and purchasing catastrophe reinsurance, both traditional and ILS (catastrophe bond) reinsurance. Wisian was the winner of the 2017 Trading Risk Outstanding Contributor of the Year. Wisian served USAA for more than 30 years.

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Nicky Payne

Partner, McGill & Partners’ Treaty Reinsurance

Nicky is a Partner in McGill & Partners’ Treaty Reinsurance team focusing on delivering ILS solutions across the full value chain and supporting our retro and reinsurance teams.

Nicky worked in senior reinsurance broking roles in London for Aon and Alexander Howden for 25+ years before transitioning to the ILS sector in 2013. Nicky became the Head of Origination in London for the Credit Suisse ILS operations, before taking a leading role in the structuring ,set-up and underwriting of an fully backed ILS Lloyd’s syndicate. Nicky was CUO and Active Underwriter of the multi-class syndicate.

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Steve Emmerson

TP ICAP, Tullett Prebon

Steve set up the Tullett Prebon ILS desk in September 2008 and has traded with over 50 ILS counterparties throughout the world, typically based in Europe, Bermuda and the USA. Product areas include Catastrophe Bond Secondary Market Trading (& Life & Health Bonds), ILS Valuation Services and the TP Insurance Linked Notes platform (ILNs).

Prior to joining Tullett Prebon, Steve was a main board Director of HSBC Insurance Brokers Ltd, with overall responsibility for Business Development across all lines.

Event Partners

Event Partner

Accordion List - 2023 Winners

View the 2023 winners

  • Broker-dealer of the Year | Sponsored by Schroders Capital

    WINNER: Howden Tiger Capital Markets & Advisory
    • Aon Securities
    • GC Securities
    • Goldman Sachs & Co
    • Swiss Re Capital Markets
  • Closing the Protection Gap Initiative of the Year

    WINNER: African Risk Capacity’s (ARC) Outbreaks & Epidemics Programme | African Risk Capacity Group; Munich Re


    • At-Bay Cyber Transaction
    Vesttoo


    • Ferian Re
    Ferian Re
  • D&I Initiative of the Year

    WINNER: Hudson Structured Capital Management (“HSCM”)
    • Beazley
    • Brit Insurance
  • ESG Initiative of the Year

    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)
  • Initiative of the Year

    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
  • InsurTech Solution of the Year

    WINNER: Alternative Capital Partners iLink ("ACP iLink") | Swiss Re Capital Markets



    The Vesttoo Platform
    Vesttoo
  • Manager of the Year | Sponsored by Artex

    WINNER: RenaissanceRe Capital Partners
    • Hiscox Re & ILS
    • Leadenhall Capital Partners
    • Schroders Capital ILS
  • Non-life Transaction of the Year | Sponsored by Conyers

    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
  • (Re)insurer/Sponsor of the Year | Sponsored by Howden Tiger

    WINNER: Accelerant Insurance

    • Beazley
    • Everest Re Group
  • Reinsurance Facilitator of the Year

    WINNER: Sidley Austin
    • Artex Capital Solutions
    • Mayer Brown
    • The Bermuda Stock Exchange
  • Young ILS Professional of the Year

    WINNER: Andrew Lauer, Elementum Advisors



    Tanner Sowa
    Howden Tiger Capital Markets & Advisory
  • Young ILS Underwriter of the Year

    WINNER: Agnes (Xing) Chang, OTPP



    Jason Saints
    Hudson Structured Capital Management



    Mike Rich
    K2 Advisors
  • Outstanding Contributor of the year - Sponsored by Aon

    WINNER: Henning Ludolphs, Hannover Re
Partnership Enquiries

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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