Archive for November, 2023

Insurance-linked securities (ILS) are a stand-out asset class within the private assets segment, according to Nils Rode, Chief Investment Officer, Private Assets, Schroders Capital, who said yesterday that the ILS investment environment remains one of the best ever.

With the COP28 climate talks beginning this week, Moody’s Investors Service has taken a look at the climate and environmental exposure inherent within rated global debt issuance, finding that the total has doubled since 2015 when the Paris Agreement climate change accord was signed.

Artemis has learned that a third full 144A cyber catastrophe bond is now in the market and this latest issuance is being sponsored by international insurance giant Chubb, as the company returns to the cat bond market for the first time since 2015, seeking $100 million or more in cyber reinsurance protection from an East […]

Rating agency AM Best is maintaining its stable outlook for the global reinsurance industry, but noted that new capital remains cautious on the sector despite a growing need for more of it to flow in.

Arch Capital Group, the Bermuda headquartered insurance and reinsurance company, has hired Greg Habay, an executive with experience across insurance-linked securities (ILS) and reinsurance-linked investing, to a new position focused on developing third-party capital business and managing relations with ILS partners.

AXIS Capital saw its landmark $75 million Long Walk Reinsurance Ltd. (Series 2023-1) 144A cyber catastrophe bond settle yesterday and CFO Peter Vogt hailed the support of the insurance-linked securities (ILS) investor community.

We’re told that the catastrophe bond market pipeline, of potential deals that could have launched during the fourth-quarter of this year, had become so large that the market is currently deemed to lack the necessary capital to execute on every issuance, resulting in expectations of a strong start to the first-quarter of 2024 for cat […]

Cayman Islands based collateralized reinsurance company Northern Reinsurance SPC, Ltd. (Northern Re) has taken its committed capital to $75 million, after it raised an additional $50 million from investors to allocate to programs of high-frequency, low-severity insurance risks.

While catastrophe bond spreads have tightened since their high-point reached in the wake of hurricane Ian, the market dynamics currently being seen are sustaining an attractive opportunity for investors, according to Isabella Milazzo of Frontier Advisors.

The Asian Development Bank (ADB) has drawn up a plan for implementation of a disaster risk insurance facility for the Central Asia Regional Economic Cooperation (CAREC) countries, for which insurance-linked securities (ILS) would be seen as an important source of reinsurance capacity and it has even mooted issuing them itself.