Archive for May, 2018

The Texas Windstorm Insurance Association (TWIA), the residual market property insurer for the state, is returning to the catastrophe bond market with a fourth transaction in its Alamo Re series of deals, a $300 million or greater Alamo Re Ltd. (Series 2018-1) multi-peril cat bond.

Here are the ten most popular news articles, week ending 13th May 2018, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.

Mt. Logan Re Ltd., the collateralized reinsurance, sidecar-like investment vehicle of Everest Re which constitutes the reinsurers main third-party capital management strategy, underwrote 50% more premiums in the first-quarter of 2018 compared to the prior year.

Brexit, or the impending exit from the European Union by the United Kingdom, has been seen to be deterring some potential sponsors of insurance-linked securities (ILS) transactions under the recently launched UK ILS regulatory and tax framework.

United Insurance Holdings (UPC Insurance) has renewed its reinsurance for 2018/19 in an enlarged placement that provides $3.1 billion of coverage, with the private market participation all structured as a cascading or drop-down feature, while the capital markets continued to play a key role.

Transatlantic Holdings, the parent to Transatlantic Reinsurance (or TransRe), first catastrophe bond has now been priced and the reinsurer has secured a $250 million source of collateralized multi-peril and multi-year retrocession with pricing that was fixed at the middle of initial guidance.

A market diversified portfolio of catastrophe bonds could have beaten the returns of many asset class benchmarks during the first-quarter of 2o18, despite increasing hurricane losses from prior year catastrophe events, as a low volatility, peril diversified approach to ILS investing demonstrated its robustness.

Speedwell Weather, a leading service provider to the weather risk management market, has added support for zero premium swaps within its parametric and index-based weather risk transfer platform weatherXchange, with pricing now available for these instruments.

Nephila Capital, the largest ILS investment fund manager of catastrophe and weather insurance-linked assets, is to lead a dedicated reinsurance facility for InsurTech development platform company Boost Insurance, with capacity also provided by Markel and RenRe.

Florida headquartered and expansive property casualty insurer Heritage Insurance Holdings, Inc. has successfully secured its 2018/19 reinsurance program at almost flat rates, citing a risk adjusted cost increase of just 1% at its latest renewal.