Gallagher Securities reports a surge in institutional appetite for insurance-linked investments, with investors increasingly prioritising structure, transparency, and scalability amid ongoing growth in the sector.
Gallagher Securities says institutional appetite for insurance-linked investments is continuing to build, with 60% of investors surveyed saying they plan to raise allocations over the next two years.
The broker-dealer, which sits within Gallagher Re, said the results point to a market that is becoming more selective as it grows. According to the firm, investors are no longer focused only on how much capital they can deploy, but increasingly on the structure, transparency and scalability of the vehicles they use.
Catastrophe bonds remain the clearest beneficiary of that trend. Gallagher Securities said 79% of respondents were targeting cat bonds or similar insurance-linked securities, drawn by their defined risk profiles, repeatable issuance and post-loss transparency. Sidecars and other structured balance-sheet solutions were also popular, with 53% of respondents indicating interest. By contrast, only 21% said they were looking at direct equity or debt investments in insurance companies.
The survey was based on conversations with more than 60 large institutional investors, most of them senior decision-makers with direct allocation authority. Gallagher Securities said the group included asset managers, pension funds, private equity firms, family offices and private credit platforms, with many overseeing portfolios of more than $1 billion and some managing assets above $100 billion.
The data suggests property catastrophe reinsurance remains the main draw. Almost 73% of respondents cited access to property cat returns as a key reason for allocating to insurance-linked assets. Cyber risk was the next most popular area of interest, at just over 27%, followed by casualty at almost 23%.
Jason Bolding, chief executive of Gallagher Securities, said the market was being shaped by a growing match between investor demand for high-quality underwriting returns and insurers’ need for durable, scalable capital. He said the challenge was to connect those two sides efficiently.
The findings also reflect a broader shift in institutional portfolios, where insurance-linked securities are increasingly being considered alongside private credit and other alternative strategies. Gallagher Securities said the appeal lies in their low correlation with public markets, the potential for returns from underwriting rather than asset price movements, and the diversification they can offer across cycles.
As the asset class expands, the firm said investors are placing more weight on governance, liquidity and expected returns from specific structures. That suggests the next phase of growth for insurance-linked investing may depend less on novelty than on packaging capital in a form institutions are comfortable scaling.
- https://www.artemis.bm/news/60-of-institutional-investors-intend-to-increase-ils-allocations-gallagher-securities-survey/?utm_source=rss&utm_medium=rss&utm_campaign=60-of-institutional-investors-intend-to-increase-ils-allocations-gallagher-securities-survey – Please view link – unable to able to access data
- https://www.artemis.bm/news/60-of-institutional-investors-intend-to-increase-ils-allocations-gallagher-securities-survey/ – A recent survey by Gallagher Securities reveals that 60% of institutional investors plan to increase their allocations to insurance-linked investments over the next two years. The survey highlights a preference for scalable, transparent investment structures that provide direct access to underwriting returns. Catastrophe bonds are the primary focus for 79% of respondents, while 53% are targeting reinsurance sidecar investments. The findings suggest a growing appetite for insurance-linked securities, indicating a significant build-up of third-party capital from institutional investors in the reinsurance sector.
- https://www.globalreinsurance.com/home/investors-favour-scalable-ils-structures-as-allocations-rise-gallagher-re-says/1458630.article – Gallagher Re reports that institutional investors are increasing allocations to insurance-linked assets, with a clear preference for scalable and transparent structures offering direct access to underwriting returns. The report, ‘Unlocking Insurance Capital: The View from Investors’, finds that 60% of surveyed investors plan to increase their exposure to insurance-related assets over the next two years. Catastrophe bonds remain the primary destination for new allocations, with 79% of respondents targeting the asset class. Sidecars and structured balance sheet solutions are also attracting strong interest, with 53% of investors planning allocations.
- https://ils-course.com/2026/04/28/notable-rise-in-ils-investor-appetite-and-sophistication-evident-in-2026-gallagher-re/ – A recent survey by Gallagher Re and Gallagher Securities indicates a notable rise in market appetite for insurance-linked securities (ILS) in 2026. The findings reveal that a clear majority of both specialist and generalist allocators intend to expand their exposure to insurance-related assets over the next two years. The survey also shows that almost none of the investors currently plan to reduce their positions in the sector, highlighting a growing sophistication in ILS investment strategies.
- https://www.captiveinternational.com/insurance-linked-assets-gain-ground-with-institutions – Institutional investors are increasing allocations to insurance-linked assets, with a clear preference for structures that offer scalability, transparency, and direct access to underwriting returns, according to new research from Gallagher Securities. The report, ‘Unlocking Insurance Capital: The View from Investors’, finds that 60% of surveyed investors plan to increase their exposure to insurance-related assets over the next two years. Catastrophe bonds remain the primary destination for new allocations, with 79% of respondents targeting the asset class. Sidecars and structured balance sheet solutions are also attracting strong interest, with 53% of investors planning allocations.
- https://www.captiveinsurancetimes.com/captiveinsurancenews/industryarticle.php?article_id=10376&navigationaction=latestnews&newssection=industry&page=1 – Gallagher Re reports that institutional investors are increasing their allocations to insurance-linked assets, with a clear preference for structures offering scalability, transparency, and direct access to underwriting returns. The new research, published by its capital markets sister company Gallagher Securities in a report titled ‘Unlocking Insurance Capital: The View from Investors’, finds that 60% of surveyed investors plan to increase their exposure to insurance-related assets over the next two years, with almost none planning to reduce it. Catastrophe bonds remain the primary destination for new allocations, with 79% of respondents targeting the asset class. The report identifies non-correlation with public markets as the highest-ranked driver of investor interest, followed by exposure to underwriting returns as a pure source of return, total return potential across cycles, diversification, and recurring income from fee-based business models.
- https://www.pensionsage.com/pa/Institutional-investors-increasing-allocations-to-insurance-related-assets.php – Institutional investors are increasing their allocations to insurance-related assets in search of alternatives to traditional private markets strategies and more resilient portfolios, according to research from Gallagher Securities. Its global analysis found that 60 per cent of institutional investors planned to increase allocations to insurance-related assets over the next two years. More than half had already committed over a quarter of their portfolios to insurance-related investments. The report stated that insurance-linked securities (ILS), such as catastrophe bonds, were attracting the largest share of new capital, as they offered access to returns that were largely uncorrelated with broader equity and credit markets. Insurance risk was therefore increasingly being assessed alongside private credit and other alternative strategies within institutional portfolios. Demand was found to be driven by diversification needs, consistent return profiles, and access to underwriting performance as a distinct source of return. However, investors were becoming more selective as allocations increased, with liquidity constraints, valuation complexity, and transparency requirements playing a greater role in how capital is deployed, especially among larger, multi-asset allocators. Gallagher Securities said that the rise in institutional investment was reshaping how insurance risk was financed, which gave insurers access to a wider and more competitive pool of funding beyond traditional reinsurance models.
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
8
Notes:
The article was published on 21st May 2026, making it current. However, similar findings were reported in April 2026, indicating that the information may not be entirely new. ([artemis.bm](https://www.artemis.bm/news/notable-rise-in-ils-investor-appetite-and-sophistication-evident-in-2026-gallagher-re/?utm_source=openai))
Quotes check
Score:
7
Notes:
The article includes direct quotes from Jason Bolding, CEO of Gallagher Securities. While these quotes are attributed, they cannot be independently verified through external sources, raising concerns about their authenticity.
Source reliability
Score:
6
Notes:
The article originates from Artemis.bm, a niche publication focusing on insurance-linked securities. While it provides detailed information, the source’s limited reach and potential biases may affect the reliability of the content.
Plausibility check
Score:
7
Notes:
The claims about institutional investors increasing allocations to insurance-linked assets align with industry trends. However, the lack of independent verification and the reliance on a single source raise questions about the accuracy of the information.
Overall assessment
Verdict (FAIL, OPEN, PASS): FAIL
Confidence (LOW, MEDIUM, HIGH): MEDIUM
Summary:
The article presents information about institutional investors increasing allocations to insurance-linked assets, citing a survey by Gallagher Securities. However, the reliance on a single, potentially biased source, the inability to independently verify direct quotes, and the lack of independent verification sources raise significant concerns about the accuracy and reliability of the content. Given these issues, the content does not meet the necessary standards for publication under our editorial indemnity.