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.


AXA XL sets Galileo Re 2019-1 cat bond target at up to $575m

AXA XL, the global specialty insurance and reinsurance unit of the AXA Group, is hoping to upsize its latest catastrophe bond issuance, as the Galileo Re Ltd. (Series 2019-1) transaction is now aiming for up to $575 million of protection for the firm, but two tranches of the issuance have read the full article →

Plenum CAT Bond Fund gets higher sustainable investment grading

The Plenum CAT Bond Fund, the flagship offering from Zurich based specialist insurance-linked securities (ILS) and catastrophe bond investment manager Plenum Investments, has received a higher grading as a sustainable investment opportunity in its second assessment.Last year, Plenum's flagship catastrophe bond investment fund received a recognition of its sustainable investment read the full article →

Loss reserve set up for Twelve Capital’s Dodeka XXI private cat bond

A loss reserve has been established for one of Zurich headquartered ILS and reinsurance fund manager Twelve Capital's private Dodeka catastrophe bonds, after the transaction became exposed to potential losses from recent global catastrophe events.The $17.96 million Dodeka XXI transaction was issued in March 2019, becoming the 24th private insurance-linked read the full article →

Typhoon Kammuri (Tisoy) intensifies on track for Philippines landfall

Typhoon Kammuri has intensified in the last day and remains on track for a landfall in the Philippines. Known locally as typhoon Tisoy, the storm has now intensified to a Category 3 equivalent and approaches the Philippines soon after the issuance of its first catastrophe bond.Typhoon Kammuri is currently located read the full article →

Survey finds 18% of re/insurers hold investments in ILS

A recent survey of 200 Chief Investment Officers (CIO's) and investment team members from the life, property and casualty, insurance and reinsurance sector found that 18% of respondents are already holding some insurance-linked securities (ILS) within their investment portfolios.The survey undertaken by Natixis looked at what is driving insurance and read the full article →

Sierra cat bond targets parametric quake cover for mortgage asset manager

A particularly interesting and novel catastrophe bond transaction has been launched to the market, with the Sierra Ltd. (Series 2019-1) deal seeking $150 million of parametric U.S. earthquake protection for an investment manager that largely invests in mortgage related assets.It's an interesting transaction for a number of reasons, given the read the full article →

Kammuri eyes Philippines days after launch of its first cat bond

Typhoon Kammuri is eyeing the Philippines with the potential to intensify into a super typhoon just days after the launch of the country's first catastrophe bond that provides it with $150 million of tropical cyclone disaster insurance protection from the capital markets.Updated Thursday Nov 28th: Kammuri has now become a read the full article →

Never busier in the “vibrant” cat bond market: Speakers

The catastrophe bond market has "never been busier" and we should expect to see significant issuance over the coming months, while the rest of the insurance-linked securities (ILS) market faces a more challenging period around the renewals, according to industry executives.Speaking today in London at the ILS Bermuda Beyond Convergence read the full article →

Philippines cat bond illustrates Singapore – World Bank alignment on ILS

Singapore and the World Bank aligned their missions to collaborate on the recent landmark first catastrophe bond issuance for the Philippines, as the pair look to stimulate insurance-linked securities (ILS) issuance in Asia as a financial solution for climate resilience.The Philippines catastrophe bond, IBRD CAR 123-124 which completed last week read the full article →

Philippines “climate proofing” cat bond benefited from Singapore grant

The government of the Philippines sees the successful issuance of its first catastrophe bond, the World Bank facilitated $225 million IBRD CAR 123-124 cat bond, as an example of the country "climate proofing" itself, as well as an endorsement of its natural disaster resilience strategy.It's also emerged that the Philippines read the full article →