Security First Insurance Company, a specialist Florida domestic homeowners insurer, has seen the price guidance for its First Coast Re IV Ltd. (Series 2025-1) catastrophe bond issuance decline further, while the Class A tranche of notes are now targeting $100 million in size, Artemis has learned.
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UBS Hedge Fund Solutions, a division of UBS Asset Management focused on managing and advising on a range of alternative assets for clients, has revealed that looking across 2025, the group continues to see reinsurance and insurance-linked securities (ILS) as one of its highest conviction themes in Credit & Income.
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Following a record year for the catastrophe bond market in 2024, with issuance increasing by over $1 billion to a new annual high of $17.7 billion, 2025 is set to be another busy year for the market, according to Brad Adderley, Partner at global law firm Appleby.
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While allocating capital into the insurance-linked securities (ILS) sector is “certainly the right decision for asset allocators” at this time, manager Icosa Investments cautions that with some challenges in the sector it is not advisable for cat bond fund managers to buy everything in the asset class.
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Elementum Advisors, LLC, the alternative investment manager that specialises in collateralized natural catastrophe event reinsurance investments, has announced the launch of a new higher-yield focused, multi-investor catastrophe bond fund strategy.
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American Integrity Insurance Company has raised its target for reinsurance limit to be raised from its latest catastrophe bond to now $550 million, as the Integrity Re III Ltd. (Series 2025-1) deal upsized from an initial target of $325 million, but with now one higher-risk tranche dropped from the issuance.
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Man Group, a global independent alternative and active investment management firm, has made an application to establish a UCITS catastrophe bond fund under its Man AHL brand, Artemis has learned from sources.
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As the global reinsurance industry absorbs the realisation that the California wildfires have driven a particularly costly start to the year, analysts at investment bank Berenberg say this may recalibrate expectations for catastrophe losses across the insurance sector, leading to higher growth expectations among reinsurance capital providers.
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Kairos Risk Solutions, a regional risk consultancy firm headquartered in Singapore, in collaboration with Thailand-based insurance broker, CHAZ Insurance Brokers, has finalised a parametric insurance solution designed to protect an offshore aquaculture firm against the impact of typhoons in the South China Sea region.
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A number of catastrophe bonds have seen negative price movements due to potential exposure to the Los Angeles wildfires. As insured loss estimates from the event fluctuated, bond prices dropped by an average of 10% to 20%. But the potential for cat bond capacity to be utilised may strengthen bondholders’ demand for higher returns, says […]
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Alex Mican, the former Head of PCS Global Strategy and Growth at Verisk, has now joined Moody’s in a role focused on insurance-linked securities (ILS) advisory and business development.
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According to PwC, the legacy insurance and reinsurance market continues to evolve, as highlighted by insurance-linked securities (ILS) transactions announced by legacy and run-off reinsurance specialist Enstar in the second half of 2024, while the firm also suggests that the convergence of traditional legacy and ILS “could be a source of future deal flow in […]
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US primary insurer Allstate has returned to the catastrophe bond market in search of $300 million or more in multi-peril per-occurrence catastrophe reinsurance protection from the capital markets with a Sanders Re II Ltd. (Series 2025-1) issuance, Artemis can report.
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Hiscox Group has now successfully secured the targeted $200 million of retrocessional North American peak peril reinsurance protection from its Ocelot Re Ltd. (Series 2025-1) catastrophe bond transaction, with one tranche of notes priced at the mid of initial guidance, while the second priced at the low-end of reduced guidance, Artemis has learned.
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