This award will highlight a natural catastrophe risk transfer bond which either breaks new boundaries or cements the foundations of a core bond series.

The winner will be an efficiently structured, well-priced and successfully executed bond, recognising both the cedant and lead structuring agent(s).

This award highlights reinsurance or ILS transactions that cover risk (whether peril, region or cedant grouping) 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 insuring a risk which has not previously been well covered.

Candidates for this award will be from any sector within the convergence market, whose specific initiative has significantly aided the development and success of the business and/or transaction. 

The winner of this category will be a team who can demonstrate innovation and has made a positive 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. 

Please note that technology focused solutions can enter Best Digital Solution or Modelling Initiative 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 investors to the sector and an innovative approach in sourcing risk.

Submissions will be welcomed for a non-elemental risk transfer bond – including life and longevity securitisations, swaps and cyber risk bonds – 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 bond, with the recipient either the individual or team that structured the bond.

This award recognises (re)insurers that have either demonstrated an ongoing commitment to the convergence sector through consistent ILS issuance 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, accounting and banking services and risk transformers among other facilitators of insurance-linked transactions.

The winner will be able to demonstrate that they have helped smooth the path of innovative ILS transactions and provided market-leading services that help ILS market participants to lift their performance

Candidates will be an individual, aged 35 or under on 31 December 2025, who works in any corner of the ILS market. Although young, the winner would already have made a significant contribution to the sector, showing skills either in managing ILS assets or investor education, broking noteworthy transactions, or servicing ILS firms. Candidates must be nominated or supported by their departmental manager with a testimonial or supporting statement.

This award aims to recognise the overall best single ILS fund of 2025, 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 to outpace the competition.

With end-investors placing high priority on timely, accurate communications about fund performance and valuations, this award aims to honour initiatives that 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.

This award is open to law firms of all sizes providing legal services and advice to the ILS sector and wider market. The winner will be a law firm driving success through appropriate advice and representation for its clients across the sector.

Judges will be looking for demonstrable success from advice, impact cases and testimonial evidence.

This award recognises the work of a modelling firm that excelled in the past year. Entrants may demonstrate accuracy of the models developed, client service levels, and/or successful innovations in the science of risk modelling. 

Demonstrable evidence of a modeller’s response to an event and its subsequent service to clients will be considered, with a focus on where the firm has gone above and beyond typical expectations to distinguish itself in this field.

This award is open to any organisation able to demonstrate the successful application of effective new technologies to the ILS market. It is open to insurance industry incumbents as well as pure InsurTech businesses.

The focus for candidates should be on demonstrating the successful launch of a product or service that transfers and/or distributes (re)insurance risk in more effective, innovative, and revolutionary ways.
Judges will be particularly interested in the level of originality, efficiency and scale of ambition shown by the entry as well as evidence of its acceptance by the investor community and/or successful collaboration with the existing traditional (re)insurance industry.

As well as innovation, judges will also be looking for tangible and effective measurement of success within the context of profitable growth.

This award is open to women in any role that serves the ILS market and who have made a valuable business contribution by pioneering or driving through change. This could be related to a project, product, task or process. 

The judges are looking for individuals who have had a lead or played a key role in either identifying and defining a challenge and/or delivering a change project.

This category will recognise innovative or challenging transactions that have made a particularly strong impact on the market for example this may include a private ILS transaction, sidecar or other transactions, excluding cat bond issuance.

Judges will consider the sophistication and complexity of the work and the impact of the innovation, as well as contextual challenges in execution. The deal may also not be the most difficult or challenging but could be straightforward yet timely and successful. 

This award recognises an outstanding start-up operating within the ILS market that has demonstrated exceptional innovation, early-stage growth, and market impact in the past year. 

Entries should showcase creative solutions and innovations for supporting risk transfer to capital markets, leveraging technology, and demonstrating strong performance with clear potential for scalability. The judges are looking for a focus on entrepreneurialism within ILS, enhancing efficiency through the value chain, and support from clients with a positive testimony.

Eligible start-ups should be early-stage businesses (3 years and under).

This award recognises the pivotal role of end-investors within the convergence community and highlights the immense contribution that their expertise as allocators brings to the ILS sector. 

This winner is selected by our editorial team and cannot be entered

The editorial tribunal award this honour to a person who they believe has distinguished themselves whilst making the highest contribution to the industry over the course of their working life.

The winner is an individual working in – or providing services to – the UK markets through a career that has spanned at least 20 years.

This winner is selected by our editorial team and cannot be entered