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.

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Farmers lifts Topanga Re cat bond target to $150m – 160m

Farmers Insurance Group is now targeting up to $160 million of collateralized reinsurance protection from its first catastrophe bond, as the Topanga Re Ltd. (Series 2021-1) issuance grew during marketing, while its pricing was fixed at the upper-end of guidance. Farmers Insurance, the US insurer that also operates across a number read the full article →

NN Group targets first catastrophe bond with Orange Capital Re

NN Group, or Nationale-Nederlanden, has entered the catastrophe bond market for the first time, seeking to secure EUR 75 million or more in collateralised reinsurance from a first Orange Capital Re DAC (Series 2021-1) issuance. NN Group is a life and property-casualty underwriter based in the Netherlands and that largely underwrites read the full article →

Gallagher Re to win TWIA reinsurance broking account

Gallagher Re looks set to win a major new reinsurance broking client thanks to its acquisition of Willis Re, as the Texas Windstorm Insurance Association (TWIA’s) Actuarial & Underwriting Committee continues to make the recommendation for a change. As we explained just over one month ago, TWIA's Committee had voted to 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 →

COVID-19 concerns see La Vie Re mortality cat bond issuance pulled

According to Artemis' sources, the issuance of a $100 million mortality catastrophe bond, sponsored by Securian Financial Group life insurance subsidiary, Minnesota Life Insurance Company, has now been cancelled after investor feedback related to concerns over COVID-19 pandemic related exposure. We're not certain whether this is a complete cancellation of the read the full article →

Plenum catastrophe bond & ILS funds get ESG accredited again

For the fourth year in a row, Zurich based specialist catastrophe bond and ILS investment manager Plenum Investments has been accredited with the sustainability FNG Label by the German “Forum Nachhaltige Geldanlagen e.V.” (FNG) for its cat bond focused strategy. At the same time, Plenum has also achieved a sustainability label read the full article →

Hannover Re seeks $100m peak peril aggregate 3264 Re retro cat bond

Global reinsurance firm Hannover Re has returned to the catastrophe bond market in search of a collateralized source of worldwide peak peril annual aggregate and industry loss based retrocessional reinsurance protection, with a $100 million or greater 3264 Re Ltd. (Series 2022-1) cat bond deal. While this is a Series 2022-1 read the full article →

Best of Artemis, week ending December 5th 2021

Here are the ten most popular news articles, week ending December 5th 2021, 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. Ten most read the full article →

Swiss Re seeking first Matterhorn Re catastrophe bond of 2021

Global reinsurance firm Swiss Re is back in the catastrophe bond market for its first issuance under the Matterhorn Re program of 2021, with a target to secure $150 million or more of catastrophe retrocession through a Matterhorn Re Ltd. (Series 2021-1) transaction, this publication has learned. Swiss Re could perhaps read the full article →

Loss reserving leads to mixed ILS fund performance in October

Insurance-linked securities (ILS) funds reported a wide range of performance in October 2021, as despite a quiet month for catastrophe losses, previous cat events drove loss reserve adjustments across the market. Overall in October, private insurance-linked securities (ILS) funds, that invest in collateralised reinsurance and retrocession, actually outperformed catastrophe bond funds read the full article →