Catastrophe bonds and insurance-linked securities news

The latest catastrophe bond news from Artemis. Covering the intersection of reinsurance and risk capital markets in the insurance-linked securities (ILS) sector. A chronological archive of all our cat bond news stories. For the latest ILS market news and full coverage visit the homepage.


Arch closes new mortgage ILS at best pricing, broadest investor participation

Arch Capital Group, the Bermuda headquartered specialty insurance and reinsurance company, said today that its mortgage insurer arm, Arch Mortgage Insurance Company (Arch MI), has secured $616 million of reinsurance across its latest $523 million Bellemeade Re 2021-2 Ltd. mortgage ILS deal and a direct placement of another $93 million read the full article →

May hail drives Allstate’s pre-tax Q2 catastrophe losses to $757m

US primary insurance carrier Allstate has reported $213 million of estimated pre-tax catastrophe losses for the month of May 2021, which takes the insurers second-quarter total to $757 million before tax. Severe weather and hail storms are the key drivers of May's catastrophe toll, with two large hail events responsible for read the full article →

Vermont Mutual’s $150m Baldwin Re cat bond set for 25% price drop

Vermont Mutual Insurance Company is targeting an increased size for its first Baldwin Re Ltd. (Series 2021-1) catastrophe bond, with the issuance now set to provide it with $150 million of reinsurance cover against losses from multi-peril events in certain north east US states. Vermont Mutual entered the catastrophe bond market read the full article →

Generali targets lower price for first green cat bond, Lion III Re

Italian and global insurance giant Assicurazioni Generali S.p.A. is aiming to secure its first green catastrophe bond deal, the EUR 200 million Lion III Re DAC cat bond, at tighter spreads, as price guidance has fallen for the issuance. This is Generali's first catastrophe bond since 2017 and the first we've read the full article →

Tokio Marine targets lower pricing for $200m Umigame Re cat bond

Japanese primary insurance group Tokio Marine & Nichido Fire Insurance Co. Ltd. is on track to secure its latest catastrophe bond at reduced pricing, as the marketed spreads on the $200 million Umigame Re Pte. Ltd. (Series 2021-1) issuance have all fallen. Tokio Marine & Nichido Fire returned to the catastrophe read the full article →

Wrigley Re cat bond price guidance falls for Blackstone’s captive

Price guidance has fallen for the Wrigley Re Ltd. (Series 2021-1) catastrophe bond transaction, that is being issued to provide parametric earthquake insurance protection to Gryphon Mutual Insurance Company, a real estate captive insurer owned by investment giant Blackstone. The Wrigley Re 2021-1 parametric California earthquake cat bond remains at $50 read the full article →

Cat bond activity may give multi-strategy funds room to expand

The acceleration of activity in the global catastrophe bond market over the last few months could now drive an opportunity for a number of multi-strategy investment funds to expand, as the availability of paper has increased even causing some investment managers to lift the shutters on closed funds, we understand. Which read the full article →

Higher prices driving stabilisation of peak US wind exposures

Major insurance and reinsurance companies that had been pulling-back on peak US wind over recent years are being seen to stabilise their exposures in reaction to the higher-priced opportunity coastal risk presents, according to analysts and our sources. The prolonged softening of property catastrophe reinsurance rates over almost a decade up read the full article →

Essent seeks its largest mortgage ILS yet, with $558m Radnor Re 2021-1

Essent Guaranty is back in search of more capital markets backed reinsurance protection with its latest and sixth mortgage insurance-linked securities (ILS) transaction, which will be its largest yet if the almost $558 million Radnor Re 2021-1 Ltd. issuance is successful. This Radnor Re 2021-1 issuance of mortgage insurance-linked securities (ILS) read the full article →

Arch seeks $523m of mortgage reinsurance with Bellemeade Re 2021-2 ILS

Arch Capital Group, the Bermuda headquartered specialty insurance and reinsurance company, is back in the capital markets with its second mortgage insurance-linked securities (ILS) transaction of the year, as it targets around $523 million of reinsurance with this Bellemeade Re 2021-2 Ltd. deal. This will actually be the sixteenth mortgage insurance-linked read the full article →