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.

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ILS to be integral to mortgage insurers’ risk transfer: Capsicum Re’s Mathews

The type of growth witnessed in mortgage insurance-linked securities (ILS) transactions in 2018 is most likely to be replaced with a more normalised growth rate, with ILS capacity expected to become an integral part of mortgage insurers’ programmes, according to Capsicum Re’s Stephen Mathews.Since the first two Bellemeade Re transactions read the full article →

Jebi shows ILW triggers are better when official & supported

The rising insurance and reinsurance industry loss from 2018's typhoon Jebi in Japan has caused what some are privately terming chaos in the industry-loss warranty (ILW) market, as two widely used but unofficial trigger data sources still show estimates at below $10 billion.Industry loss warranties (ILW's) are relatively simple risk read the full article →

Asian Development Bank launches contingent disaster risk financing solution

The Asian Development Bank (ADB) has launched a new contingent natural disaster risk financing solution which it has named contingent disaster financing (CDF), as it seeks to deliver rapid paying risk capacity for its members after they experience significant natural catastrophe events.Contingent disaster financing (CDF) is a mechanism by which read the full article →

Allstate’s cat losses rise to $2bn YTD, on hail, storms and creep

In the month of July U.S. primary insurance giant Allstate was again hit by fresh losses from convective storm activity and in particular hail damage, while loss creep from the same type of events that struck in previous months was also accounted for.Allstate reported estimated catastrophe losses for the month read the full article →

Climate risk data needs linking to insurance & risk-transfer process

Climate risk data should be linked to the insurance, reinsurance and risk transfer process through the use of technology and risk models, placing it and financial products at the heart of climate adaptation and resilience efforts.A new background paper from academics and insurance sector specialists highlights the importance of continued read the full article →

California disaster risk transfer bill stalls as Department of Finance objects

The passage of California legislation calling for approval for the state to purchase insurance, reinsurance, insurance-linked securities (ILS), or other alternative risk transfer (ART) structures as financial protection against disasters has stalled.The bill, SB 290 had already passed the California Senate and received unanimous support from the key Assembly Insurance read the full article →

The cat bond market is attractive, again: SCOR’s Fabrice Rossary

The impacts of 2017 and 2018 catastrophe events on the insurance-linked securities (ILS) market has altered the dynamics of the space, and while volatility with loss estimates needs to be addressed, the attractive risk-adjusted returns on offer highlights the benefits of a structural allocation to the space.This is according to read the full article →

MyLotto24’s Hoplon ILS to take EUR4.8m loss after jackpot win

Following an EUR 26.3 million jackpot prize won by one of its customers in a secondary lottery draw, lottery company MyLotto24 is set to benefit from the jackpot protection it has in place through its Hoplon III Insurance Ltd. insurance-linked securities (ILS) transaction.The EUR 26.3 million jackpot is sufficient to read the full article →

Eclipse Re issues another $56.6m private cat bond, its fifth of the year

The Eclipse Re Ltd. private catastrophe bond and insurance-linked securities (ILS) issuance vehicle that is managed by Horseshoe Group has completed and listed its fifth private cat bond of the year, a $56.6 million Eclipse Re Ltd. (Series 2019-02A) transaction.In previous years the Eclipse Re Ltd. private cat bond vehicle read the full article →

AIG’s investment in AlphaCat ILS funds recovers more value in Q2

The value of the investment stake of American International Group, Inc. (AIG) in the insurance and reinsurance linked fund strategies managed by its AlphaCat Managers ILS unit continued to recover in the second-quarter of 2019.The insurance-linked securities (ILS) operations of AlphaCat Managers, which currently counts $4.1 billion of assets invested read the full article →