Cat bond news

There are only a few days to go until our catastrophe bond and insurance-linked securities (ILS) market conference in Singapore, ILS Asia 2024, which takes place on July 11th at the Suntec Convention Centre. You must register soon if you want to join us. Get your ticket to attend here.

Hurricane Beryl is back, having regained its hurricane strength wind speeds and now the storm heads for a Texas landfall. The fact Beryl took longer than anticipated to regain its structure and intensify again over the Gulf has likely saved the State from a more impactful catastrophe event.

Here are the ten most popular news articles, week ending July 7th 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.

While the catastrophe bond market has been flying in 2024, with records falling and a significant half-year total of $12.6 billion issued, analysts at investment bank J.P. Morgan rightly point out that the cat bond market alone is not bringing significant net-new reinsurance capital to the market.

Despite the fact catastrophe bond spreads widened considerably in May 2024, the Eurekahedge ILS Advisers Index still managed a positive return for the month, helped by the returns of collateralised reinsurance and retrocession investments from the private ILS funds it tracks.

An update from Swiss based catastrophe bond fund management specialist Plenum Investments confirms our earlier analysis, that the track and pressure data for major hurricane Beryl suggests the storm will not have breached the parametric trigger for the $150 million parametric IBRD CAR Jamaica 2024 catastrophe bond.

Jamaica has been battered by the passage of major hurricane Beryl just off its southern coast. But, for holders of the World Bank facilitated $150 million parametric IBRD CAR Jamaica 2024 catastrophe bond transaction, early analysis of the real-time storm track suggests that noteholders will not face any loss of principal.

Twelve Capital, the Swiss headquartered insurance-linked securities (ILS) and reinsurance investment manager, has successfully completed a new $15 million Dodeka 2024-1  private catastrophe bond, which is the manager’s twenty seventh issuance in the Dodeka series.

Overnight, the latest updates to the forecast path of major hurricane Beryl have kept Jamaica’s $150 million parametric IBRD CAR Jamaica 2024 catastrophe bond transaction on watch for its potential to be triggered. Cat bond market participants tell us it may be too late for any trading activity now, but at the same time we’re […]

Keystone ILS Capital, a structuring and advisory specialist focused on catalysing more active use of insurance-linked securities (ILS) in Japan that was launched in the country by former Aon Securities executive Shinji Yamamoto, has received an investment from broking group Howden and appointed Carsten Thienel as a Senior non-executive Director, Artemis can report.