Catastrophe bonds and insurance-linked securities news

The latest catastrophe bond news from Artemis. Covering the intersection of reinsurance and risk capital markets. A chronological archive of all of our cat bond news stories. For the latest news and full coverage visit the homepage.

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Clear signs of momentum in ILS market pricing: Twelve Capital

Specialist insurance-linked securities (ILS) and reinsurance investment manager Twelve Capital said that there are "clear signs of momentum" in the ILS market, as pricing responds to the losses of the last two years.Giving its outlook for 2019, Twelve Capital notes that pricing has responded at the reinsurance renewals and also read the full article →

Loss creep sours end of 2018 for some ILS fund returns

It's becoming clear that continued loss creep from catastrophe events that occurred in both 2017 and 2018 has soured end of year performance for some insurance-linked securities (ILS) funds and collateralized reinsurance vehicles.After another difficult year peppered with mid-sized catastrophe loss events, the final month of 2018 saw returns dented read the full article →

FEMA renews NFIP reinsurance program at $1.32bn for 2019

The U.S. Federal Emergency Management Agency (FEMA) has renewed its traditional flood reinsurance program to cover the National Flood Insurance Program (NFIP) for 2019 at the slightly smaller size of $1.32 billion.FEMA said that its 2019 NFIP flood reinsurance renewal saw 28 private reinsurers participating in the transfer of risk read the full article →

PCS to launch Japanese industry loss estimates & index

Property Claim Services (PCS) is set to expand its range of industry loss data aggregation and index reporting services to include non-marine catastrophe losses in Japan, in response to demand from its client base.PCS provides estimates on catastrophe losses in a number of regions around the world, as well as read the full article →