Cat bond news

Cat bond news – news and analysis covering the market for catastrophe bonds and other catastrophic peril insurance-linked securities (ILS), including all the cat bond issuance news, cat bond market trends, cat bond analysis and catastrophe bond market data.

For details of catastrophe bond transactions visit our Deal Directory.


Tropical storm Claudette forecast as first US named landfall of 2021 season

Tropical storm Claudette is now forecast as likely to be named in the coming hours and make the first landfall of the 2021 Atlantic hurricane season, with the latest forecasts suggesting that sustained winds could near 45 mph, while torrential rain, flooding and some tornadoes are forecast for the Louisiana read the full article →

RenRe targets 67% larger, lower priced, $250m Mona Lisa Re cat bond

RenaissanceRe is targeting an increased issuance size for its latest catastrophe bond, with the company now seeking 67% more multi-peril reinsurance protection from the new Mona Lisa Re Ltd. (Series 2021-1) transaction, at reduced pricing compared to initial guidance. Bermuda-headquartered global reinsurance form RenaissanceRe (RenRe) brought its latest catastrophe bond transaction read the full article →

Titania Re cat bond an important part of Ariel Re’s strategy: CEO Mather

The recently completed $150 million Titania Re Ltd. (Series 2021-1) catastrophe bond is an important part of Ariel Re's strategy, according to the reinsurance firm's CEO Ryan Mather, who also said that partnership with ILS investors is beneficial to the company,  its clients and its owners. Ariel Re entered the catastrophe read the full article →

Franklin Templeton launches UCITS cat bond fund, managed by K2’s Malawer

Investment manager Franklin Templeton has launched a new UCITS catastrophe bond fund, which is portfolio managed by Jonathan Malawer from its hedge fund specialist manager arm K2 Advisors. The Franklin K2 Cat Bond UCITS Fund is a Luxembourg based fund and part of the Franklin Templeton Alternatives Funds offering from the read the full article →

Blackstone’s parametric Wrigley Re cat bond prices 20% below initial mid-point

The $50 million Wrigley Re Ltd. (Series 2021-1) catastrophe bond transaction, that will provide parametric earthquake insurance protection to a real estate captive insurer owned by investment giant Blackstone, has now been priced and its coupon fixed approximately 20% below the initial mid-point of price guidance. It's another strong example of read the full article →

Arch targets first retro cat bond with $100m Claveau Re

Arch Capital Group, the Bermuda headquartered specialty insurance and reinsurance company, is in the capital market for its first ever property catastrophe bond, with an at least $100 million global peak peril focused Claveau Re Ltd. (Series 2021-1) retrocession issuance. Arch Capital is no stranger to our extensive Deal Directory of read the full article →

Lloyd’s Central Fund cover has no direct ILS participation

There isn't any direct participation from insurance-linked securities (ILS) funds or investors in the £650 million reinsurance or retrocession protection Lloyd's has purchased to cover its Central Fund, despite nearly 70% of it being collateralised. As we explained earlier this morning, Lloyd's has secured an innovative cover for its Central Fund read the full article →

Arch closes new mortgage ILS at best pricing, broadest investor participation

Arch Capital Group, the Bermuda headquartered specialty insurance and reinsurance company, said today that its mortgage insurer arm, Arch Mortgage Insurance Company (Arch MI), has secured $616 million of reinsurance across its latest $523 million Bellemeade Re 2021-2 Ltd. mortgage ILS deal and a direct placement of another $93 million read the full article →

May hail drives Allstate’s pre-tax Q2 catastrophe losses to $757m

US primary insurance carrier Allstate has reported $213 million of estimated pre-tax catastrophe losses for the month of May 2021, which takes the insurers second-quarter total to $757 million before tax. Severe weather and hail storms are the key drivers of May's catastrophe toll, with two large hail events responsible for read the full article →

Vermont Mutual’s $150m Baldwin Re cat bond set for 25% price drop

Vermont Mutual Insurance Company is targeting an increased size for its first Baldwin Re Ltd. (Series 2021-1) catastrophe bond, with the issuance now set to provide it with $150 million of reinsurance cover against losses from multi-peril events in certain north east US states. Vermont Mutual entered the catastrophe bond market read the full article →