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.


First PCS triggered Japan ILW brokered by Willis Re

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).We've learned that reinsurance broker Willis Re has become the first to structure and trade an industry loss triggered retrocessional risk transfer instrument read the full article →

Integrity Re 2019 cat bond shrinks to $50m at top-end pricing

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.American Integrity returned to the catastrophe bond market in recent weeks, seeking read the full article →

Safepoint’s Manatee Re III cat bond shrinks to $40m, prices up

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.Safepoint’s newest and fourth catastrophe bond is one of the first full 144a read the full article →

ILS manager Coriolis Capital acquired by SCOR Investment Partners

One of the longest-standing insurance-linked securities (ILS) fund managers Coriolis Capital Limited has been acquired by SCOR Investment Partners, the investment arm of reinsurance giant SCOR.SCOR Investment Partners has agreed to acquire 100% of the capital of Coriolis Capital, which was one of the first ever investment managers in the read the full article →

Oppenheimer cat bond fund AuM stable, but losses evident in returns

OppenheimerFunds, Inc, the asset manager that is in the process of being acquired by investment giant Invesco to create a $1.2 trillion global powerhouse, has seen the assets under management of its catastrophe bond and related insurance-linked security (ILS) fund stabilise, but losses are evident in the annual return figures.The read the full article →

American Integrity’s new cat bond targets up to $75m at top-end pricing

American Integrity Insurance Company of Florida, Inc's newest and third catastrophe bond, the Integrity Re Ltd. (Series 2019-1) transaction, is now targeting up to $75 million in size, with pricing fixed at the top-end of initial guidance.The Florida headquartered primary insurer returned to the catastrophe bond market recently, seeking a third read the full article →

Atlas Capital UK 2019 cat bond to upsize to $250m for SCOR

The second catastrophe bond to be issued in the UK for sponsoring French reinsurance company SCOR is set to upsize, as the multi-peril Atlas Capital UK 2019 PLC (Series 2019-1) transaction is expected to reach $250 million.That's a significant uplift from the $175 million starting point for this latest UK read the full article →

TWIA’s new $200m Alamo Re 2019 cat bond set for mid-point pricing

The latest catastrophe bond to be sponsored by the Texas Windstorm Insurance Association (TWIA), the $200 million Alamo Re Ltd. (Series 2019-1) transaction, is set to price at the mid-point of initial guidance, we're told.The Texas state residual market insurer returned for its fifth Alamo Re catastrophe bond transaction recently, read the full article →

Safepoint’s Manatee Re III cat bond price rising above guidance

The latest catastrophe bond from U.S. primary insurer Safepoint, the Manatee Re III Pte. Ltd. (Series 2019-1) transaction which is being issued out of Singapore, looks set for pricing above the initial guidance range, as investors demand more return for the risk they are taking on.Safepoint's latest and fourth catastrophe read the full article →

Alternative capital’s importance evident in loss payments: Swiss Re

Alternative reinsurance capital is playing an increasingly important role in the global re/insurance market, according to Swiss Re, which recognises that it has helped to curb volatility in the marketplace and is paying an increasing share of global losses.2017's U.S. hurricanes were the first time that alternative reinsurance capital and read the full article →