industry loss index

Spreads for industry-loss index trigger catastrophe bond instruments have declined or tightened so much in recent months that indemnity cat bonds now look relatively more attractive for the first time, which necessitates a rethink about how cat bond portfolios are constructed, according to Florian Steiger, of Icosa Investments.

Nephila Capital, the insurance-linked securities (ILS) investment manager owned by Markel, is in the catastrophe bond market seeking $100 million or more in aggregate industry-loss index based retro reinsurance for its flagship Lloyd’s syndicate 2357, through an Atela Re Ltd. (Series 2024-1) cat bond issuance.

PCS, a unit of Verisk, has announced an expansion of its insurance industry loss index for terrorism risks, with SRCC (Strikes, Riots, Civil Commotions, and Civil Unrest) now being added to the PCS Global Terror Index.

In the wake of Tom Johansmeyer, the former Head of Verisk unit PCS, joining the Ardonagh Group reinsurance broking division Inver Re in Bermuda, the company has now launched an integrated global index practice and sees an advantage in leveraging his experience in ILW’s.

Verisk, the insurance and reinsurance market claims, data and technology focused service provider, has named two new leadership appointments within its PCS (Property Claim Services) business unit, in the wake of the departure of former PCS leader Tom Johansmeyer.

Inver Re, the Ardonagh Group’s reinsurance broking arm, has made a key hire in taking well-known industry executive Tom Johansmeyer from Verisk’s PCS unit, to become the brokers’ new Global Head of Index products, Artemis has learned.

Reinsurance broker Gallagher Re has appointed industry-loss warranty (ILW) and retrocession broker Alex McManus to lead its index-based capabilities in Bermuda.

Allianz Risk Transfer’s (ART) latest catastrophe bond, the Blue Halo Re Ltd. (Series 2022-1) issuance, has now been achieved its upsized $125 million target, while both tranches of notes have priced below guidance in a vote of confidence for the sponsor and the subject business, which is suspected to include risks fronted for ILS manager […]

The latest catastrophe bond from Allianz Risk Transfer (ART), Blue Halo Re Ltd. (Series 2022-1), appears to have been well-received by investors, as Artemis has learned that the issuance is set to upsize by 25% to $125 million, while the price guidance has been lowered for both tranches of notes.

Allianz Risk Transfer (ART), the specialist and alternative risk focused unit of the Allianz global insurance and reinsurance group, is back in the catastrophe bond market seeking at least $100 million of annual aggregate and industry loss index based protection with a Blue Halo Re 2022 cat bond issuance.