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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 →

Eclipse Re issues $75m private cat bond, its first of 2022

Eclipse Re Ltd., the Horseshoe managed private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform, has completed the first issuance we've seen of 2022, with a $75 million Eclipse Re Ltd. (Series 2022-1A) transaction coming to light. The Eclipse Re Ltd. private catastrophe bond and risk transformer read the full article →

Maturity extended for $110m of Hannover Re’s Seaside Re private cat bonds

Almost $110 million of Seaside Re private catastrophe bond transactions have had their maturity dates extended, suggesting that these privately placed ILS deals, that were issued by German reinsurance firm Hannover Re’s segregated accounts vehicle, Kaith Re Ltd., might be considered at-risk of loss. Typically, a catastrophe bond or other insurance-linked read the full article →

Hannover Re brings $84.5m of Seaside Re private catastrophe bonds

Global reinsurance giant Hannover Re has facilitated the issuance of another $84.5 million of Seaside Re private catastrophe bonds for 2022, with another eight issuances from its Kaith Re transformer vehicle coming to light. Already in 2022, we've tracked $39 million of private catastrophe bonds in which Hannover Re has helped read the full article →

Private catastrophe bonds surpass $1bn for first time in 2021

For the first time on-record, annual issuance of privately placed catastrophe bond transactions has surpassed $1 billion in 2021, as these more streamlined insurance-linked securities (ILS) arrangements continued to play an important role for some protection buyers, ILS funds and investors. Private catastrophe bond activity had declined in 2020, as the read the full article →

Hannover Re’s vehicle Kaith Re issues $39m of private cat bonds

German reinsurance company Hannover Re has facilitated issuance of two new private catastrophe bond transactions, a $15 million California quake focused LI Re (Series 2022-1) and $24 million Seaside Re (Series 2022-1) covering unknown U.S. property catastrophe risks. Hannover Re continues to help investors to access reinsurance related risk and return read the full article →

Catastrophe bonds break record in 2021, as market expands again: Report

The market for catastrophe bonds and related insurance-linked securities (ILS) saw records broken once again in 2021, as annual issuance surpassed the previous high set a year ago and reached $14 billion across pure property cat bonds, other line of business cat bonds and private deals, according to Artemis' data. This read the full article →

Gallagher takes ownership of Resilience Re private cat bond platform

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. Resilience Re Ltd. read the full article →

Private cat bonds hit new record $1bn+, as Eclipse Re issues $277m

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. It's turned into another read the full article →