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.

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UCITS cat bond funds growing fast. Schroders overtakes GAM as largest

UCITS catastrophe bond funds as a group have increased their assets significantly over the last year, with accelerated growth of the cat bond market and rising interest in ILS investments helping to propel the UCITS cat bond funds we track to asset growth of roughly 58% in just one year. Over read the full article →

Swiss Re targets $75m Vita Capital VI mortality cat bond

Global reinsurance company Swiss Re is back in the capital markets in search of protection for its life reinsurance business, with a new Vita Capital VI Limited (Series 2021-1) mortality catastrophe bond deal that aims to secure $75 million or more of extreme mortality protection. This will be the eighth extreme read the full article →

Hong Kong ILS enquiries already received from potential sponsors

It increasingly looks like Hong Kong could break into the insurance-linked securities (ILS) market before too much longer, as with details of its ILS grant pilot now available, one local law firm said it is already receiving enquiries from potential sponsors. Back in February, Paul Chan, the Financial Secretary of Hong read the full article →

Tokio Marine secures $200m Umigame Re with 13% avg price decline

The latest catastrophe bond from Japanese primary insurance group Tokio Marine & Nichido Fire Insurance Co. Ltd. has now been priced and we understand that all three tranches of the $200 million Umigame Re Pte. Ltd. (Series 2021-1) issuance have seen their coupons finalised at the low-end of reduced guidance. Catastrophe read the full article →

Generali’s green catastrophe bond priced ~18% below guidance

Italian and global insurance giant Assicurazioni Generali S.p.A. has now secured its first green catastrophe bond, the EUR 200 million Lion III Re DAC cat bond, with a roughly 18% price drop from the initial mid-point of guidance. It's another example of strong pricing execution in the catastrophe bond market, as read the full article →

RenRe targets 67% larger, lower priced, $250m Mona Lisa Re cat bond

RenaissanceRe is targeting an increased issuance size for its latest catastrophe bond, with the company now seeking 67% more multi-peril reinsurance protection from the new Mona Lisa Re Ltd. (Series 2021-1) transaction, at reduced pricing compared to initial guidance. Bermuda-headquartered global reinsurance form RenaissanceRe (RenRe) brought its latest catastrophe bond transaction read the full article →

Titania Re cat bond an important part of Ariel Re’s strategy: CEO Mather

The recently completed $150 million Titania Re Ltd. (Series 2021-1) catastrophe bond is an important part of Ariel Re's strategy, according to the reinsurance firm's CEO Ryan Mather, who also said that partnership with ILS investors is beneficial to the company,  its clients and its owners. Ariel Re entered the catastrophe read the full article →

Franklin Templeton launches UCITS cat bond fund, managed by K2’s Malawer

Investment manager Franklin Templeton has launched a new UCITS catastrophe bond fund, which is portfolio managed by Jonathan Malawer from its hedge fund specialist manager arm K2 Advisors. The Franklin K2 Cat Bond UCITS Fund is a Luxembourg based fund and part of the Franklin Templeton Alternatives Funds offering from the read the full article →

Blackstone’s parametric Wrigley Re cat bond prices 20% below initial mid-point

The $50 million Wrigley Re Ltd. (Series 2021-1) catastrophe bond transaction, that will provide parametric earthquake insurance protection to a real estate captive insurer owned by investment giant Blackstone, has now been priced and its coupon fixed approximately 20% below the initial mid-point of price guidance. It's another strong example of read the full article →

Arch targets first retro cat bond with $100m Claveau Re

Arch Capital Group, the Bermuda headquartered specialty insurance and reinsurance company, is in the capital market for its first ever property catastrophe bond, with an at least $100 million global peak peril focused Claveau Re Ltd. (Series 2021-1) retrocession issuance. Arch Capital is no stranger to our extensive Deal Directory of read the full article →