cat bond lite


Aon’s Randolph Re issues $25m wildfire cat bond, likely for Mercury

Aon’s private catastrophe bond issuance and placement platform Randolph Re has completed a $25 million Randolph Re (Series 2022-1) private cat bond deal, the third from the issuer and we suspect again for California headquartered property casualty insurer Mercury Insurance. A year ago, we reported that Mercury Insurance had secured $50.7 read the full article →

Further extension for some Hannover Re Seaside Re private cat bonds

The maturity dates have been extended again for some of the Seaside Re private catastrophe bond transactions that were issued by German reinsurance firm Hannover Re’s segregated accounts vehicle, Kaith Re Ltd., while two series of previously extended notes have now been allowed to mature. There were just under $110 million read the full article →

Catastrophe bond market hits new record size of $38.2bn

The global market for catastrophe bonds expanded by almost 2% during the second-quarter of 2022, as demand from sponsors drove strong issuance and helped to grow the outstanding cat bond market to $38.2 billion at June 30th 2022. Issuance of new catastrophe bonds reached $5.2 billion in the second-quarter of the read the full article →

GC / MMC’s Isosceles ILS platform in $90.5m private cat bond issuance

Isosceles Insurance Ltd., the Bermuda-domiciled private insurance-linked securities (ILS) and catastrophe bond platform operated by Marsh McLennan and reinsurance broker Guy Carpenter, has completed the issuance of three new series of cat bond notes, totalling $90.5 million of capital markets backed capacity secured for clients. Isosceles Insurance Ltd. (or Isosceles Re read the full article →

Sponsor demand drives Q2 cat bond issuance to $5.2bn: Report

Demand for reinsurance and retrocessional protection from cedants, as well as a slew of new first time market entrant sponsors, have helped the global catastrophe bond market execute on $5.2 billion of new issuance in the second-quarter of 2022, according to Artemis' latest quarterly report. The Artemis Q2 2022 Catastrophe Bond read the full article →

Eclipse Re in $8.73m private cat bond issuance

Eclipse Re Ltd., the Artex-managed and operated private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform, has completed the issuance of an $8.73 million Eclipse Re Ltd. (Series 2022-2A) transaction in recent days. This is the second privately placed insurance-linked securities (ILS) transaction of 2022 that we read the full article →

Artex SAC issues $100m Bricolage private catastrophe bond

Artex Risk Solutions' segregated account reinsurance transformer platform, Artex SAC Limited, has completed another new private catastrophe bond issuance, with a $100 million Artex SAC Limited – Bricolage Notes transaction placed privately with qualified investors. This latest first private catastrophe bond arrangement of 2022 takes issuance of these more privately offered read the full article →

Cat bond issuance surpasses $5.1bn, $2.2bn more in pipeline

Issuance of new catastrophe bonds and related insurance-linked securities (ILS) has already surpassed $5.1 billion in 2022 and there are already another nearly $2.2 billion in the pipeline that could complete before the middle of the year. However, despite how buoyant catastrophe bond market activity appears to be, we're still a read the full article →

Property cat bond growth brings diversification in Q1: Report

On the heels of a record year for property catastrophe bond issuance, momentum continued in the first quarter of 2022 as sponsors brought approximately $3 billion of traditional 144a transactions to market. The Artemis Q1 2022 Catastrophe Bond and related insurance-linked securities (ILS) Market Report, available to download now, examines the read the full article →

Catastrophe bond market hits new high on busy start to 2022: Report

The outstanding market for catastrophe bonds and related insurance-linked securities (ILS) reached a new all-time high at the end of the first-quarter of 2022, as a busy start to the year took Artemis' measure of the sector to $37.5 billion. This is according to the latest quarterly report on the catastrophe read the full article →