Archive for May, 2019

The latest catastrophe bond to be sponsored by French reinsurance company SCOR has now been priced at the lower-end of the raised coupon guidance range, at the upsized amount of $250 million.

Global reinsurance firm Swiss Re said today that it is “excited” to promote the development of an insurance-linked securities (ILS) and catastrophe bond market in Asia, with the completion of the first cat bond it has facilitated in Singapore, the $100 million First Coast Re II Pte. Ltd. (Series 2019-1).

We’re delighted to reveal another wave of speakers who will be joining us at ILS Asia 2019, our fourth conference held in Singapore. A handful of Early Bird tickets are still available, so register today for this insurance-linked securities (ILS) conference.

A magnitude 8.0 earthquake that struck Peru yesterday, Sunday 26th May, could trigger the IBRD CAR 120 catastrophe bond, which was part of the Pacific Alliance issuance, with the available data suggesting that a 30% loss of principal should be expected by investors in the cat bond.

Here are the ten most popular news articles, week ending 26th May 2019, 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.

Property Claim Services (PCS) industry loss data aggregation and index reporting services for non-marine catastrophe losses in Japan has already been used for an industry loss warranty (ILW).

U.S. severe convective weather that struck as thunderstorms, tornadoes, hail and high winds this week is expected to have caused over $1 billion of economic impacts, with the majority set to fall to insurance and reinsurance capital, according to Aon.

The Integrity Re Ltd. (Series 2019-1) catastrophe bond transaction, which is the latest from Florida based American Integrity Insurance Company, has shrunk in size to offer the firm $50 million of reinsurance protection at the top-end of initial pricing.

U.S. primary insurer Safepoint’s latest catastrophe bond, the Manatee Re III Pte. Ltd. (Series 2019-1) transaction which is being issued out of Singapore, has shrunk to just $40 million in size, while pricing has been fixed above guidance.

Elaine Whelan, the Chief Financial Officer (CFO) of Lancashire Group and executive director and Chief Executive Officer (CEO) of Lancashire’s Bermuda-based subsidiary, Lancashire Insurance Company Limited, is to retire from the company in 2020.