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 data.

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ILS has “superior historical performance” over the long-term: Researchers

Recent analysis on the return drivers of insurance-linked securities (ILS) shows that over a 15-year period, ILS funds have recorded a superior historical performance when compared with other asset classes.In a recent article, Alexander Braun and Martin Eling of the Institute of Insurance Economics, University of St. Gallen in Switzerland read the full article →

Gradual pick-up of ILS transactions expected in Asia: Fitch

Insurance-linked securities (ILS) and catastrophe bond activity is expected to gradually accelerate in the Asia region, providing investor interest in the ILS asset class remains strong, according to Fitch Ratings.While insurance-linked securities (ILS) and collateralized forms of reinsurance in general are familiar concepts in North America and Europe, there has read the full article →

In time, exotic ILS might not be so exotic after all: John Seo, Fermat Capital

The utilisation of insurance-linked securities (ILS) structures and capacity for exotic, or man-made risks remains small, but as the world continues to evolve and new risks increasingly emerge, these types of exposures might turn out to be not so exotic after all, according to John Seo, Co-founder and Managing Director read the full article →

World Bank links catastrophe & pandemic risk finance for the Maldives

The World Bank has delivered the first of a new combined catastrophe and pandemic contingent risk financing solution to the Maldives, leveraging existing structures to create something responsive and that works similar to insurance for the archipelagic nation.The Maldives is highly exposed to natural hazards and climate variability, and is read the full article →

Cat bond & related ILS risk capital outstanding hits $40bn for first time

The outstanding market for catastrophe bonds and related insurance-linked securities (ILS) has grown significantly in 2019 so far, passing $40 billion for the first time according to our data, as interest in mortgage ILS offset slower natural catastrophe bond issuance.It's a milestone worth celebrating for the insurance-linked securities (ILS) market, read the full article →

Guy Carpenter wins California Wildfire Fund reinsurance program

Reinsurance broker and advisor Guy Carpenter has been selected as the sole reinsurance and risk transfer intermediary for the recently established California Wildfire Fund, which is administered by the California Earthquake Authority (CEA).As we previously reported, the California Earthquake Authority (CEA) has gained an expanded remit by taking on administrative read the full article →

CFAN forecasts 8 hurricanes, 2 U.S. landfalls, 1 Florida landfall in 2019

Having proved correct in forecasting that El Niño conditions would weaken and transition to ENSO neutral by peak hurricane season this year, Climate Forecast Applications Network (CFAN) has now raised its forecast for the 2019 Atlantic hurricane season, now expecting 8 hurricanes to form.Right back in April, Climate Forecast Applications read the full article →

Swiss Re cedes more of its catastrophe risks to retro in 2019

Reinsurance giant Swiss Re has been expanding its natural catastrophe risk underwriting in recent months, but along with this has ceded roughly 4% more of its catastrophe risk exposure to sources of retrocession, compared to the prior year.Recently we explained that Swiss Re has been embracing the capital markets more, read the full article →

Best of Artemis, week ending 18th August 2019

Here are the ten most popular news articles, week ending 18th August 2019, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.Super Early read the full article →

ILS to be integral to mortgage insurers’ risk transfer: Capsicum Re’s Mathews

The type of growth witnessed in mortgage insurance-linked securities (ILS) transactions in 2018 is most likely to be replaced with a more normalised growth rate, with ILS capacity expected to become an integral part of mortgage insurers’ programmes, according to Capsicum Re’s Stephen Mathews.Since the first two Bellemeade Re transactions read the full article →