Aggregate ILS returns questioned after recent losses

The returns on aggregate insurance-linked securities (ILS), including catastrophe bonds, are being questioned by some investors, following the significant number of catastrophe loss events that have qualified under some contract terms in the last two years. Sources said that investors are set to demand a premium for renewing some aggregate ILS read the full article →

Growing wildfire threat forces ILS investors to rethink the peril: RMS

Capital markets investors that participate in the ever-growing catastrophe bond and ILS space are having to rethink the wildfire peril, as its contribution to risk within multi-peril aggregate deals is on the rise, according to catastrophe risk modeller RMS. Conor Meenan, senior consultant in the Capital and Adjacent Markets team in read the full article →

Outstanding cat bond market favours aggregate cover for first time

Catastrophe bond issuance during 2016 was dominated by aggregate coverage, a trend that has continued into 2017, and for the first time in the market’s history more of the outstanding market features aggregate coverage than per-occurrence, according to the Artemis Deal Directory. As of January 11th 2017, data from the Artemis read the full article →

S&P expects Sandy to qualify as covered loss on aggregate catastrophe bonds

Rating agency Standard & Poor's has published its first update on the impact of hurricane Sandy to the insurance, reinsurance and catastrophe bond sector. Generally, S&P said that partly due to the strong earnings the sector has had so far in 2012, they expect Sandy will only have a limited read the full article →