cat bond lite

Arthur J. Gallagher (AJG) has taken ownership of another private catastrophe bond issuance platform and insurance-linked securities (ILS) transformer vehicle, with the previously Willis Towers Watson owned Resilience Re Ltd. passing across to the company as part of its recently completed acquisition of Willis Re’s treaty reinsurance operations.

Eclipse Re Ltd., the Horseshoe managed private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform, has issued four more private cat bond series of notes, together totalling $277 million, which now take private cat bond issuance above $1 billion so far in 2021.

Sources have told us that the recently issued $21.5 million Isosceles Insurance Ltd. (Series 2021-H) private catastrophe bond transaction provides reinsurance coverage for a motor insurance portfolio.

Eclipse Re Ltd., the Horseshoe managed private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform, has issued four new tranches of cat bond notes, totalling roughly $45.2 million, with the four tranches potentially part of the same reinsurance or retrocession program arrangements.

Isosceles Insurance Ltd., the private insurance-linked securities (ILS) and catastrophe bond issuance platform operated by Marsh McLennan and reinsurance broker Guy Carpenter, has completed another transaction, with a $21.5 million Isosceles Insurance Ltd. (Series 2021-H) issued.

The catastrophe bond and related insurance-linked securities (ILS) market has set another new record, as the amount of issuance we’ve recorded across a twelve-month period to end of September 2021 reached a new all-time-high.

Catastrophe bond and related insurance-linked securities (ILS) issuance continued at record pace through the third-quarter of 2021, with over $2.7 billion of new risk capital issued and the market now well on-track to beat all its records in 2021, according to the latest report and data from Artemis.

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.

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.

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.