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.


ILS funds rise 0.3% in Feb 2020, some cat bond funds hit by pandemic

While the average return of insurance-linked securities (ILS), catastrophe bond and reinsurance linked investment funds was 0.3% in February 2020, some cat bond funds became early victims of the coronavirus pandemic and suffered a decline due to the devaluation of the World Bank's pandemic bonds.February's 0.3% average ILS fund return read the full article →

Cat bond investment proposition holds, as ILS outperforms: Twelve Capital

The central catastrophe bond investment proposition has held during the extreme financial market volatility created by the coronavirus pandemic, with the ILS asset class positively outperforming other traditional asset classes, according to Twelve Capital.The overwhelming majority of catastrophe bonds are fundamentally unaffected by the current Covid-19 coronavirus crisis, as only read the full article →

The “other perils” conundrum for reinsurance & ILS on coronavirus

With the traditional reinsurance industry and insurance-linked securities (ILS) market working hard to identify any routes through which unexpected claims from the Covid-19 coronavirus pandemic could leak, it's perhaps worth looking at one obvious area of uncertainty, the growing in prevalence "other perils" category and similarly worded contract terms.For us, read the full article →

$20m Eclipse Re Ltd. private cat bond issued around April renewal

The Horseshoe managed private catastrophe bond and insurance-linked securities (ILS) issuance and risk transformation vehicle Eclipse Re Ltd. has completed a second issuance of 2020, a $20 million Eclipse Re Ltd. (Series 2020-02A) transaction that came to market around the April reinsurance renewal.Horseshoe's Eclipse Re was one of the most read the full article →

Investors who cashed-out of ILS on coronavirus threat, likely to return: Lane

Insurance-linked securities (ILS) and catastrophe bond investors who cashed-out their holdings during March, as the world's financial markets declined in the face of the Covid-19 coronavirus threat, are likely to return and may bring more investors with them, Lane Financial LLC believes.As we've been documenting, in recent weeks some ILS read the full article →

APEC wants regional catastrophe bond market for Asia-Pacific

A regional catastrophe bond market for the Asia-Pacific region has become a focus of the business focused arm of the Asia-Pacific Economic Cooperation (APEC).APEC has long been a supporter of the use of insurance-linked securities (ILS), such as catastrophe bonds for disaster risk financing using the capital markets as a read the full article →

Swiss Re’s Vita Capital VI mortality bond on negative watch on Covid-19: S&P

The first catastrophe bond rating action due to the Covid-19 coronavirus pandemic is unsurprisingly related to one of the few mortality cat bonds left in the market, Swiss Re's late 2015 Vita Capital VI Limited (Series 2015-1) transaction, which has been put on a negative watch by S&P Global Ratings.The read the full article →

Credit Suisse gets $461m Operational Re III op-risk cat bond coverage

A new $461.22 million operational risk catastrophe bond transaction has successfully been issued, with the ultimate beneficiary of the operational risk insurance protection provided by the new Operational Re III Ltd. deal being investment banking giant Credit Suisse, Artemis has learned.This is the third and the largest operational risk catastrophe read the full article →

Stone Ridge’s interval ILS fund shrinks 10% and shifts further to cash equivalents

Stone Ridge Asset Management’s mutual insurance-linked securities (ILS) fund assets shrank again in the last quarter of record, with overall net assets down more than 7% in the period to January 31st 2020.However, the experience was not evenly shared across Stone Ridge's two mutual ILS fund strategies, as the managers read the full article →

Vitality Re health ILS all discounted in secondary market on Covid-19

The secondary market prices for the Vitality Re series of health insurance-linked securities (ILS) transactions have all been discounted on the potential for the ongoing Covid-19 coronavirus pandemic to drive an elevated level of medical benefit claims through to insurer and sponsor Aetna.As we explained more than a week ago, read the full article →