Archive for December, 2024

American Family Mutual Insurance Company (AmFam) has for the second time raised the target size of its latest catastrophe bond, with now $275 million in collateralized reinsurance protection being sought from the Four Lakes Re Ltd. (Series 2024-1) cat bond issuance, Artemis has learned.

Further reflecting the high-demand for new catastrophe bond issues at this time, the Armor Re II Ltd. (Series 2024-2) issuance for sponsor American Coastal Insurance Company (AmCoastal) has increased in size again, with now up to $200 million in Florida named storm reinsurance protection sought.

Catastrophe bond funds in the UCITS format tracked by the Plenum CAT Bond UCITS Fund Indices averaged a 1% return for November, taking their year-to-date return to an average of 12.57%.

As the Atlantic hurricane season drew to its close, the overall yield of the catastrophe bond market continued its typical seasonal declining trend, albeit at a slightly slower pace as there were also supply-demand factors evident in the market, but still by the end of November 2024, the cat bond market yield stood at a […]

After a trip to Bermuda to speak with reinsurance executives on the island, analysts from BMO Capital Markets said the expectation seems to be that 2025 renewals will see property catastrophe reinsurance rates fall between 5% and 10%, while retrocession renewal pricing may fall as much as 10% to 20%.

The CCRIF SPC (formerly known as the Caribbean Catastrophe Risk Insurance Facility) has made a payout of US $4.67 million to the Government of Honduras after its parametric excess rainfall insurance policy was triggered following a severe event in November, taking CCRIF parametric payouts made for the current policy year to almost US $118 million.

The Brazilian insurance regulator SUSEP has now authorised the first insurance-linked securities (ILS) structure in the country, with Andrina sponsored by IRB Re and now approved to issue Letra de Risco de Seguro (Insurance Risk Letters), which is the name for the insurance-linked notes a Brazilian ILS structure can issue to be sold to investors.

US primary insurer Allstate has for the second time lifted the target size of its latest catastrophe bond, with now $650 million in multi-peril catastrophe reinsurance protection sought from the capital markets through this Sanders Re II Ltd. (Series 2024-3) issuance, Artemis can report.

American Coastal Insurance Company has lifted the target size for its latest catastrophe bond, with now up to $150 million in Florida named storm reinsurance protection sought from this new Armor Re II Ltd. (Series 2024-2) issuance, Artemis has learned.

Here are the ten most popular news articles, week ending December 8th 2024, 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.