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.

For details of catastrophe bond transactions visit our Deal Directory.


Arch issuing largest mortgage ILS to-date, $701m Bellemeade Re 2019-3

Bermuda-based re/insurer Arch Capital Group Ltd. is back in the capital markets with the largest mortgage insurance-linked securities (ILS) transaction seen to-date, a $701 million Bellemeade Re 2019-3 Ltd. that also features the first-ever triple-A rated tranche of mortgage insurance-linked notes.Arch Capital Group has become a significant user of capital read the full article →

Estera acquired, to combine with Ocorian

Estera, a global provider of funds, corporate and trust services and an active service provider to the insurance-linked securities (ILS) and reinsurance markets, has been acquired and will combine with corporate administration and fiduciary service provider Ocorian.Inflexion Private Equity has acquired Estera from previous owner private equity investor Bridgepoint.After the read the full article →

Convective storms & hail drive Allstate’s cat losses above expectation again

U.S. primary insurer Allstate has again reported monthly catastrophe losses that were higher than analyst expectations, reporting $311 million of impacts during the month which took its second-quarter cat losses to $1.07 billion before tax.That means Allstate's catastrophe losses for the first-half of 2019 are estimated at somewhere just shy read the full article →

Ebola outbreak declared international emergency by WHO

The Ebola disease outbreak in the DR Congo has been declared a Public Health Emergency of International Concern by the World Heath Organisation (WHO), as it highlights the urgency needed to address the outbreak and stem its travel across borders.It should be noted that this specific declaration does not mean read the full article →

Blue Halo Re 2016-1 cat bond pays out $40m, maturity extended further

One tranche of the Blue Halo Re Ltd. (Series 2016-1) catastrophe bond, that was sponsored by Allianz Risk Transfer, a unit of global insurance and reinsurance group Allianz, has now paid out $40 million of its principal on losses.Meanwhile, both tranches of this catastrophe bond deal have had their maturity read the full article →

Majority of ILS Advisers tracked funds negative in May 2019. Index falls to -1.13%

Only 5 of the 33 insurance-linked securities (ILS) funds tracked by ILS Advisers reported positive returns in May 2019, as catastrophe loss creep and cat bond price pressure dented sector returns, resulting in the Index falling to a negative -1.13% for the month.That's the lowest monthly return for the Eurekahedge read the full article →

Singapore to refine ILS infrastructure to support innovation: Gillian Tan, MAS

Singapore is acutely aware that it needs to continue to innovate if it is to achieve its goal of becoming a key insurance-linked securities (ILS) hub for the Asia region, as well as to support the widest range of ILS transactions possible.Speaking at our ILS Asia 2019 conference held in read the full article →

Climate risk transfer an opportunity for product design innovation: Greg Lowe, Aon

The growing pressure on corporations to take greater responsibility for the climate related risks and exposures they carry could present an opportunity for insurance and reinsurance market participants to demonstrate innovation in product design, according to Aon's Greg Lowe.Greg Lowe, the Head of Resilience & Sustainability at insurance and reinsurance read the full article →

Bermuda ILS related re/insurer registrations rose slightly in H1 2019

Registrations for new insurance and reinsurance vehicles that are related to catastrophe bonds and other insurance-linked securities (ILS) use-cases have risen slightly in the first-half of 2019.This is promising for ILS, catastrophe bond and collateralized reinsurance market activity over the rest of the year, as despite the impacts of heavy read the full article →

Cat bond risk spreads seen to decline in June

After a few months where risk spreads were seen to have been increasing in the catastrophe bond and insurance-linked securities (ILS) market, on the back of a decline in ILS capital as well as an appetite for higher returns, it seems the market saw its risk spreads decline in June.Catastrophe read the full article →