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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Diversification drives ILS adoption on both sides of the trade

Adoption of insurance-linked securities (ILS) by both investors and cedants continues to be driven by their desire for diversification, on both sides of the ILS trade, a recent survey found.The survey undertaken by insurance and reinsurance broker Willis Towers Watson (WTW) asked both sides of the market what drives them read the full article →

Entropics to specify responsible cat bond investments & SDG contributors

Entropics Asset Management AB, the Swedish manager of a catastrophe bond fund, has formalised its focus on cat bonds as responsible investments, as it specifies investments as such in its prospectus and expects to report how cat bonds it holds contribute to the sustainable development goals (SDG's).Entropics, which is the read the full article →

Peru government confirms $60m cat bond payout on the way

The Ministry of Finance of the Government of Peru has confirmed that it is awaiting a $60 million payout from the World Bank after a recent earthquake triggered its catastrophe bond protection, coverage that it said complements its national risk management policy.Peru benefits from $200 million of catastrophe bond backed read the full article →

Alternative capital shrank on collateralized reinsurance losses in Q1 2019: Aon

Alternative capital in the reinsurance market shrank by around 4% during the first-quarter of 2019, largely driven by the payment of losses in the collateralized reinsurance space as well as some investor redemptions, according to Aon.It's the first period where alternative capital deployed by insurance-linked securities (ILS) fund managers and read the full article →

Cat bond rates up 7% in last quarter, ILS hard market persists: Lane Financial

Catastrophe bond and insurance-linked securities (ILS) premium rates-on-line remained in hard market territory right through the second-quarter of 2019, with the synthetic rate-on-line index calculated by consultancy Lane Financial LLC rising further.Over the course of Q2, Lane Financial's synthetic ILS rate-on-line index added an impressive 7% to reach a level read the full article →

Jebi creep impacts ongoing, as loss threatens fresh reinsurance layers

The impacts to reinsurance and ILS players from the typhoon Jebi losses in Japan may still have a little further to run, as the escalation of the industry loss has hit fresh layers in reinsurance programs, we've learned.Sources in the insurance-linked securities (ILS) market said that a typhoon Jebi final read the full article →

Red Cross volcano cat bond to be backed by Global Parametrics & DFID

Global Parametrics, the parametric and index-based disaster risk transfer company, and the UK government’s Department for International Development (DFID), have agreed in principal to provide some of the capital necessary to back the Red Cross' volcano catastrophe bond.The Danish Red Cross and International Federation of Red Cross and Crescent Societies read the full article →

Stone Ridge ILS assets shrink another -4% to $5.93bn

Stone Ridge Asset Management's insurance and reinsurance linked assets under management shrank by another -4% in the latest quarter of record, finishing the period at $5.93 billion by the end of April as the manager continued to realise losses from catastrophes and redemptions.It's the first time the manager's two flagship read the full article →

As reinsurers hold ground on rates, insurers may turn to ILS: A.M. Best

As reinsurance companies of the world hold their ground and push through increased rates for their products, as seen at recent renewals in Florida and beyond, insurers and protection buyers may increasingly look to find more cost-effective options raising interest in ILS, according to A.M. Best.Reinsurance capacity providers, including insurance-linked read the full article →

Repeat sponsors & perils drive Q2 cat bond & related ILS to $3.6bn: Report

Issuance of catastrophe bonds and related insurance-linked securities (ILS) reached $3.61 billion in the second-quarter of 2019, as repeat sponsors, perils, as well as some returning faces, helped to deliver an above average Q2 and first-half of the year.Our latest quarterly report on the catastrophe bond and related insurance-linked securities read the full article →