Casualty ILS to become core component of capacity strategy: Ecclesia Res Ziser

Jens Ziser, Managing Director, Treaty Reinsurance at Ecclesia Re, the reinsurance broker of Ecclesia Group, has expressed his belief that insurance-linked securities (ILS) pertaining to casualty risks will play a vital role in the capacity strategy of the future.At the same time, he confirmed that the broker is seeking to identify and implement effective ILS-based solutions, that are not only for traditional catastrophe exposures, but increasingly for structured casualty and long-tail segments.In the company’s latest ILS Playbook, Ziser said: “While ILS originated in the property-catastrophe space, the need for alternative capital solutions in long-tail lines is growing rapidly.Rising claims volatility, reserve uncertainty, and reduced appetite among traditional reinsurers are driving cedents and investors to consider structured casualty formats.

“At Ecclesia Re, we believe that ILS for casualty risks—whether quota shares, structured reinsurance notes or runoff exit structures—will be a critical component of tomorrow’s capacity strategy.” Ziser, added: “There’s a growing recognition that long-tail casualty risk is not just a challenge for insurers – it’s also a diversification opportunity for alternative capital.But the structures need to reflect the reality of the liabilities.Casualty ILS will only succeed if investor alignment is built into every layer.” Whilst the company is becoming active in the ILS space, it’s important to note that Ecclesia Re does not structure ILS transactions.

Instead, the company advises clients independently with access to a wide variety of relevant platforms.“We approach reinsurance with a portfolio mindset.ILS is a tool to solve specific capacity or earnings management challenges, not an end in itself,” Ziser explained.

“With a lean and focused treaty team, our value lies not in building internal structuring capacity—but in combining technical knowledge, market access and client proximity to deliver tailor-made solutions.We remain fully platform-open and work across traditional and alternative capital markets,” he added.Moreover, Ziser affirmed that the company is currently involved in ongoing discussions with a wide range of ILS platforms, institutional investors, and model-based structuring specialists.

Ziser also added: “What we’re working on at Ecclesia Re is not about replicating cat bond mechanics for casualty – it’s about designing tailored, collateralised structures that reflect the complexity of liability development while offering institutional investors a clear, transparent risk/return profile.” Looking ahead, the company aims to identify and implement effective ILS-based solutions not only for traditional catastrophe exposures, but increasingly for structured casualty and long-tail segments.According to Ziser, the company’s current discussions and pilot projects reflect this shift in demand.He also noted that Ecclesia Re’s approach is “independent, project-specific, and guided by client needs.” “After more than 30 years in treaty, facultative, runoff and structured reinsurance, I see ILS not as a trend – but as a precise tool in the right context.

Clients increasingly ask for solutions that are portfolio-aligned, capital efficient, and transparent.ILS can support that – if the structuring is clean and the broker remains neutral,” Ziser added.Concluding: “With Ecclesia Re, we focus on smart capacity, not just capacity.

This Playbook outlines how we aim to deliver on that promise.”.All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.Our can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.


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Publisher: Artemis