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.


Blue Halo Re 2016-1 cat bond principal reduction continues

The Class B tranche of the Blue Halo Re Ltd. (Series 2016-1) catastrophe bond, that was originally sponsored by Allianz Risk Transfer, a unit of global insurance and reinsurance group Allianz, has continued to see its principal reduced over the last two months, as loss pay outs continue.As we were read the full article →

Dorian dents August ILS fund returns, shows reserving policies vary

As expected, the mark-to-market impacts to catastrophe bond valuations right at the end of August caused by hurricane Dorian has driven the overall average return of insurance-linked securities (ILS), cat bond and collateralized reinsurance funds for August much lower.With one ILS fund still to report, having delayed its August returns read the full article →

U.S. Treasury continues exploring terror cat bonds for risk sharing

The United States Treasury continues to explore its options for terrorism risk sharing with private markets, with terrorism catastrophe bonds once again under discussion at committee level.With the Terrorism Risk Insurance Program, or TRIP, which was authorised under the Terrorism Risk Insurance Act (TRIA) of 2002, set to expire at read the full article →

World Bank looks at new cat bond risks, including cyber, famine, migration

The World Bank continues to explore ways it can expand the range of risks and perils that its member countries can hedge using risk transfer structures including catastrophe bonds.To-date, the World Bank has helped its member countries to hedge more than $4.25 billion of natural catastrophe risk, as well as read the full article →

Pioneer ILS Interval fund shrinks again, but gap between cost & value narrows

Amundi Pioneer Investment Management’s dedicated insurance-linked securities (ILS) mutual investment fund strategy, the Pioneer ILS Interval Fund, saw its net assets shrink by over 6% in the last quarter of record, but encouragingly the gap between the cost of its investments and their value narrowed again.The Pioneer ILS Interval Fund read the full article →

$10m insurance-linked notes from first Tullett Prebon deal list on BSX

Following the first successful catastrophe risk transaction to use the Tullett Prebon owned Insurance Linked Notes (ILN) platform, $10 million of insurance-linked securities (ILS) have now been listed on the Bermuda Stock Exchange (BSX).The first issuance and settlement of catastrophe risk linked notes through the ILN platform was recently completed read the full article →

ADB provides catastrophe triggered financing for Pacific islands

The Asian Development Bank (ADB) has approved $24 million of catastrophe triggered contingent disaster financing for Pacific islands the Federated States of Micronesia (FSM), the Marshall Islands, Solomon Islands, and Tonga.As a second phase of the Pacific Disaster Resilience Program, financing is designed to help strengthen and boost disaster resilience read the full article →

Stone Ridge ILS assets shrinkage slowed to less than 3% in last quarter

The shrinking of Stone Ridge Asset Management’s insurance and reinsurance linked assets under management slowed again in the investment managers last quarter of record, as its ILS assets ended July at $5.78 billion.The rate of decline in ILS assets under management at Stone Ridge has slowed over each recent quarter, read the full article →

Mortgage risk helps Q3 cat bond & related ILS to $1.42bn: Report

Issuance of catastrophe bonds and related insurance-linked securities (ILS) reached above average in the third-quarter of 2019, hitting $1.42 billion. But only thanks to issuance of mortgage insurance-linked notes, which accounted for almost three-quarters of deal volume.Our latest quarterly report on the catastrophe bond and related insurance-linked securities (ILS) market read the full article →

Nationwide makes another $8.85m recovery from Caelus Re V cat bond

U.S. primary insurer Nationwide Mutual Insurance Company has taken another loss payment from one of its catastrophe bonds as its reinsurance recoveries under the Caelus Re V Ltd. (Series 2017-1) Class D tranche of notes continue.Nationwide began making reinsurance recoveries under this catastrophe bond back in July, once the impacts read the full article →