Cat bond news

A return to stability in the insurance-linked securities (ILS) market, and more broadly across reinsurance, is now starting to drive an uptick in investor interest and Artex Capital Solutions believes this will benefit both catastrophe bonds and the collateralized reinsurance side of the market.

With catastrophe bond issuance so far in 2024 outpacing prior years and supply and demand dynamics contributing to an increase in spreads in recent weeks, Dirk Schmelzer, Managing Partner and Senior Portfolio Manager at Plenum Investments, the Zurich-headquartered manager of insurance-linked securities (ILS) and related assets, feels the market is in a very healthy and […]

SCOR, the France-headquartered global reinsurance company, has promoted longstanding retrocession and third-party capital partnerships executive Benoît Liot to the new role of Head of Risk Partnerships, which will see him lead on activities with third-party investors, while retrocession will be centralised beneath his leadership.

SafePoint Insurance Company has lowered the target size for its new Nature Coast Re Ltd. (Series 2024-1)  catastrophe bond to $50 million, while at the same time the pricing of the notes has risen, Artemis has learned.

Here are the ten most popular news articles, week ending June 16th 2024, 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.

US insurance giant Progressive has recorded a reinsurance recovery of $95.1 million under its per-occurrence coverage after suffering significant catastrophe losses in May, while also saying its aggregate reinsurance is nearing attachment after the month.

We return to London on Tuesday September 3rd for our next insurance-linked securities (ILS) market conference, with Artemis London 2024 our third event held in the city. Registration is open, so you can secure your place at the event today.

With the Atlantic hurricane season officially underway as of June 1st and forecasts calling for a particularly active year, insurance-linked securities investment manager Twelve Capital believes investors with a long-term view are well-compensated for shouldering this exposure.

Moody’s Ratings does not believe reinsurance sector will resume assumption of coverage at the levels previously seen, meaning the higher exposure being borne by primary insurers is deemed now structural, rather than a cyclical occurrence.

The government of Puerto Rico’s first attempt to source parametric insurance from the capital markets through a catastrophe bond appears to have been well-received by the market, as the Puerto Rico Parametric Re Ltd. (Series 2024-1) catastrophe bond has grown to $85 million in size and looks set to price at the mid-point of guidance, […]