Catastrophe bonds and insurance-linked securities news

The latest catastrophe bond news from Artemis. Covering the intersection of reinsurance and risk capital markets. A chronological archive of all of our cat bond news stories. For the latest news and full coverage visit the homepage.


NZ Gov Super Fund says ILS still “appropriate to objectives” despite losses

The Government Superannuation Fund Authority of New Zealand, an autonomous entity that manages the pension assets of state sector employees, said that its allocations to insurance-linked securities (ILS) remain "appropriate to objectives" despite having fallen to a negative return in the last year.The New Zealand Government Superannuation Fund has been read the full article →

ILS “increasingly front & center” for investment & risk transfer: WTW

Insurance-linked securities (ILS) in their various forms are "increasingly front and center" when it comes to selecting risk transfer and investment options, broker Willis Towers Watson believes.The insurance and reinsurance broker surveyed the ILS market, both cedant companies and investors, to take the temperature of the market, finding that the read the full article →

Cat bond funds see record monthly returns on Dorian recovery

Catastrophe bond funds are reporting bumper September returns, in some cases beating their records, as they benefit from the full recovery of hurricane Dorian exposed cat bond valuations.When hurricane Dorian was intensifying rapidly on approach to the Bahamas right at the end of August the main risk models were suggesting read the full article →

Similar quake to Loma Prieta could cost re/insurers $27bn: RMS

If the Loma Prieta earthquake that struck California’s Central Coast on October 17th 1989 were to occur again today, the economic impact would be more than six times higher at $38 billion, while insurance and reinsurance carriers would face a more than four times larger bill at $4 billion, RMS read the full article →

Terror risk a “useful but complex diversifier for ILS funds” – IFTRIP

Terrorism insurance and reinsurance risks are seen by investors as a useful but complex diversification opportunity for their ILS funds, hot topics discussed at the annual IFTRIP conference suggested.The International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP) annual conference was held in Brussels last week and insurance-linked securities (ILS) and read the full article →

Estera introduces legal services in Bermuda and the Cayman Islands

Estera, a global provider of corporate, fund and trust services including to reinsurance and insurance-linked securities (ILS) markets, is branching out to add legal services to its offering from key locations Bermuda and the Cayman Islands.Estera is a global provider of funds, corporate administration and trust services and an active read the full article →

No cat bond loss from Hagibis, price impacts to be short-lived: Plenum

Specialist catastrophe bond and insurance-linked securities (ILS) investment manager Plenum said that Japanese typhoon  Hagibis won't be severe enough to trigger any cat bond losses and that any secondary market price impact will be short-lived.The Zurich based specialist ILS and catastrophe bond fund manager Plenum Investments has a long track read the full article →

Covéa returns with €100m all-natural perils cat bond Hexagon II Re

French mutual insurance society Covéa Group is returning to the capital markets to sponsor its second catastrophe bond deal, a €100 million deal that seeks all-natural perils reinsurance coverage for the firm, in a Hexagon II Reinsurance DAC (Series 2019-1) issuance.This Hexagon II Re catastrophe bond is the first full read the full article →

ILS plays vital role, convergence continues apace: ILS Bermuda speakers

The insurance-linked securities (ILS) market plays an increasingly important role in supporting global insurance and reinsurance protection, while at the same time the convergence of ILS with traditional market structures continues apace.Introducing today's ILS Bermuda Convergence 2019 conference held in Hamilton, speakers discussed the key role of ILS in the read the full article →

BSX CEO Wojciechowski re-elected to World Federation of Exchanges Board

Bermuda Stock Exchange (BSX) President and CEO Greg Wojciechowski, a key figure in the insurance-linked securities (ILS) market given the BSX's dominant role as a host to catastrophe bond and other insurance-linked security (ILS) listings, has been re-elected to the Board of the World Federation of Exchanges.Wojciechowski, has led the read the full article →