Expanding the ILS perimeter - New risks, new markets, new capital: ILS NYC 2026

This podcast episode features another panel discussion that was held at the Artemis ILS NYC 2026 event, our tenth catastrophe bond and insurance-linked securities (ILS) conference in the ILS NYC series, held on February 6th 2026 in New York.

This panel was focused on the expansion of the ILS asset class in terms of its product offerings, titled "Expanding the ILS perimeter: New risks, new markets, new capital."

This expansion of the ILS asset class focused panel discussion was kindly moderated by Kathleen Faries, CEO, Artex Capital Solutions.

She was joined on stage by: Joanna Syroka, Director of New Markets, Fermat Capital Management, LLC; Chris McKeown, Chief Executive, Reinsurance, ILS & Innovation, Vantage Risk; Danny Arnett, Managing Director, Insurance Linked Securities, Ryan Specialty Underwriting Managers; and Bob Forness, CEO, MultiStrat Group.

Our panellists discussed the evolution and future prospects of the insurance-linked securities (ILS) market, highlighting its expansion from property catastrophe into casualty, specialty, and cyber lines.

The discussion placed great emphasis on the importance of underwriting discipline, capital management, and alignment with investors, particularly in new market opportunities that are expected to grow, such as risk transfer for data centre projects and cyber insurance.

The panellists also discussed the need for efficient operational infrastructure and the potential for ILS to become an increasingly tradable asset class.

The fact protection gaps are much more prevalent than just in natural catastrophe risks was also pointed out, with opportunities emerging across many lines of insurance and reinsurance given the need for capital and capacity to support the traditional industries growth. While opportunities like the AI data centre build-out may present completely net-new chances for the ILS market to deploy its capital in time.

On the casualty ILS side, speakers explained the need for transparency, alignment, and patience in managing longer-term risks.

Listen to this podcast episode from our Artemis ILS NYC 2026 conference to learn more about the growing range of opportunities for investors, as the insurance-linked securities (ILS) asset class expands.