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Private cat bond issuance maintains momentum after strong start to 2021

So far this year, 21 privately placed catastrophe bond transactions have been issued with a combined value of more than $672 million, which is almost double the volume witnessed for the entirety of 2020, as shown by the Artemis Deal Directory. A private placement, or cat bond lite transaction offers both read the full article →

GC / MMC’s Isosceles ILS platform issues $32.75m of private cat bonds

Isosceles Insurance Ltd., the private insurance-linked securities (ILS) and catastrophe bond issuance platform operated by Marsh McLennan and reinsurance broker Guy Carpenter, has issued three new tranches of notes, that together total just over $32.75 million of private cat bond notes. The Isosceles Insurance Ltd. (or Isosceles Re) platform was set read the full article →

Mercury gets $50.7m CA wildfire cat bond via Aon’s Randolph Re platform

Mercury Insurance, a California headquartered property casualty insurer, has secured $50.7 million of California wildfire reinsurance protection through a Randolph Re (Series 2021-1) private catastrophe bond issued using Aon's platform. This is the second transaction to come to light that has used broker Aon’s private catastrophe bond issuance and placement platform read the full article →

Cat bonds & related ILS hit record $8.5bn in Q2 2021: Report

Activity in the catastrophe bond and related insurance-linked securities (ILS) market accelerated again in the second-quarter of 2021, with the three-months seeing an incredible $8.5 billion of new risk capital come to market, according to the latest report and data from Artemis. Our latest quarterly report on the catastrophe bond and read the full article →

Isosceles Insurance ILS platform in $25m private cat bond issuance

Isosceles Insurance Ltd., the private insurance-linked securities (ILS) and catastrophe bond platform operated by Marsh McLennan and reinsurance broker Guy Carpenter, has issued a new $25 million Isosceles Insurance Ltd. (Series 2021-B1) transaction, the third we've listed from the vehicle so far. The Isosceles Insurance Ltd. (or Isosceles Re) platform was read the full article →

Cat bond lite issuance continues apace in 2021

The number of privately placed catastrophe bond transactions issued in the first-quarter of 2021 is the most ever recorded for the period and ensured that once again, the dollar-value of issuance from these cat bond lite deals came in above the ten-year average for the period. Artemis’ Q1 2021 catastrophe bond read the full article →

Catastrophe bond & related ILS market hit new high at end of Q1

The outstanding market size of catastrophe bonds and related insurance-linked securities (ILS) continued to grow in the first-quarter of 2021, reaching new highs of $34.34 billion, based on property cat, life, health and specialty or other line of business cat bonds, or $48.13 billion if you include the mortgage ILS read the full article →

Catastrophe bond & related ILS issuance hit $4.63bn in Q1 2021: Report

Issuance of new catastrophe bonds and related insurance-linked securities (ILS) continued apace in the first-quarter of 2021, with the period seeing $4.63 billion of new risk capital come to market, according to the latest report and data from Artemis. Our latest quarterly report on the catastrophe bond and related insurance-linked securities read the full article →

Twelve Capital & Hannover Re linked private cat bonds extended

A slew of private catastrophe bonds have had their maturity dates extended this week, as continued uncertainty related to prior period catastrophe loss activity means collateral continues to be held in case of any qualifying losses becoming applicable to the subject reinsurance or retrocession. Many private cat bonds have seen their read the full article →

Hannover Re lifts Seaside Re catastrophe bonds to $136.4m for 2021

Hannover Re, the German headquartered global reinsurance firm, has facilitated another three Seaside Re private catastrophe bond transactions around this January 2021 renewals, taking the total seen to $136.4 million across ten transactions. As we explained yesterday, we had seen the first seven of these transactions, as Hannover Re's Bermuda based read the full article →