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.


TWIA secures new Alamo Re catastrophe bond at upsized $200m

The Texas Windstorm Insurance Association (TWIA) has now successfully secured its new catastrophe bond backed reinsurance protection at an upsized $200 million, with pricing for the Alamo Re Ltd. (Series 2022-1) cat bond finalised at the top of initial guidance. That's quite a result for TWIA, in managing to increase the read the full article →

Allstate’s Florida cat bond priced high at $287.5m in size

The latest catastrophe bond from US primary insurance giant Allstate has now been priced, with the Florida reinsurance-focused Sanders Re III Ltd. (Series 2022-2) multi-peril issuance eventually reaching $287.5 million in size, but at higher pricing. Allstate returned to the catastrophe bond market earlier in May, seeking to bring more capital read the full article →

CEA drops Ursa Re II 2022 cat bond target to $255m max

The California Earthquake Authority (CEA) has lowered its target for its latest catastrophe bond, with its target now for up to $255 million in collateralized California earthquake reinsurance protection through the Ursa Re II Ltd. (Series 2022-1) issuance. Likely in response to more challenging and higher priced market conditions for catastrophe read the full article →

Video from ILS NYC 2022 conference. Session 1: Predictable

At our recent ILS NYC 2022 conference in New York, speakers discussed the need to deliver a more predictable experience, where possible, to stakeholders such as insurance-linked securities (ILS) investors and reinsurance counterparties, during the first session of the day which is now available to view online. This video is of read the full article →

Allstate’s Florida cat bond target lifts to $275m at top-end pricing

US primary insurance giant Allstate making progress with its latest catastrophe bond, a Sanders Re III Ltd. (Series 2022-2) multi-peril issuance that seeks Florida focused reinsurance coverage for the carrier and now looks like it could upsize slightly to $275 million, but with pricing at the top-ends of guidance. Allstate returned read the full article →

45% expect to use more ILS & third-party capital at renewals: Survey results

We've just published the results of our latest global reinsurance market survey, in which we polled market participants on the state of the market as the key mid-year renewal season fast-approaches. Artemis and our sister publication Reinsurance News polled our email and Linkedin subscribers over the last ten days, asking a read the full article →

Swiss Re seeking $150m Matterhorn Re US wind cat bond

Global reinsurance giant Swiss Re has returned to the catastrophe bond market in search of per-occurrence US hurricane protection, seeking to secure a $150 million slice of retrocession through a new Matterhorn Re Ltd. (Series 2022-2) issuance, Artemis has learned. For its latest Matterhorn Re catastrophe bond, Swiss Re appears to read the full article →

Peak Re’s target for Black Kite Re cat bond raised to ~$150m

Hong Kong headquartered global reinsurer Peak Reinsurance Company (Peak Re) has raised its target for its first ever catastrophe bond, with the Hong Kong domiciled Black Kite Re Limited (Series 2022-1) issuance now aiming to secure up to $150 million of retrocession for the company. Peak Re entered the catastrophe bond read the full article →

SCOR secures Atlas retro cat bond at $240m in size

Global reinsurance company SCOR has now secured $240 million of retrocessional catastrophe protection from its new Atlas Capital Reinsurance 2022 DAC (Series 2022-1) catastrophe bond, Artemis can reveal. The reinsurer has been in the market with its latest catastrophe bond since earlier this month, with its latest Atlas insurance-linked securities (ILS) read the full article →

No Philippines cat bond pay out for storm Megi (Agaton) winds

The calculation agent has now found that holders of the Philippines governments World Bank issued IBRD CAR 123-124 catastrophe bond do not face any loss of principal following the wind-related impacts of tropical storm Megi (locally known as storm Agaton), Artemis has learned. Tropical storm Megi (Agaton) never made typhoon status read the full article →