Cat bond news

The first catastrophe bond to be issued using the London Bridge 2 PCC insurance-linked securities (ILS) structure provides a valuable roadmap for Lloyd’s market participants and Lloyd’s CFO believes the market’s ILS platform offers a viable alternative to domiciles like Bermuda.

In what could be considered a positive development in a catastrophe bond market that has seen pricing softening, the latest catastrophe bond from Heritage Insurance Holdings, Inc. looks set to be priced within its initial guidance, while the target remains for $100 million in collateralized US named storm reinsurance from the Citrus Re Ltd. (Series […]

Here are the ten most popular news articles, week ending March 17th 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.

When the first full 144A cyber catastrophe bonds came to market at the end of last year, it was critically important for their success that sponsors provided more than one view of their risk and allowed investors to have a multi-model view, to increase comfort with the new peril, speakers at the SIFMA ILS conference […]

The very strong execution of Hamilton’s second catastrophe bond saw the company securing more retrocession than originally targeted, at a far better price than had originally been forecast, which SVP Strategic Partnerships Hanni Ali said “underscores investor confidence” in the firm.

The insurance-linked securities (ILS) investment community is confident in the ability of the catastrophe bond segment to continue growing, with all the fundamentals said to currently be in place for the cat bond market to experience its first $20 billion issuance year in 2024.

The California Earthquake Authority (CEA) entered the January reinsurance renewals with almost one billion dollars more in risk transfer than a year earlier, as the group reached December 31st 2023 with $9.1 billion of protection in-force.

Market developments are helping to set the foundations to make catastrophe bonds a much more broadly accepted asset class, according to MariaGiovanna Guatteri, CEO of Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC), who feels the asset class remains attractive despite recent tightening.

Tokio Marine & Nichido Fire Insurance Co. Ltd., the giant Japanese primary insurance group, has now secured the targeted $100 million Kizuna Re III Pte. Ltd. (Series 2024-1) of earthquake reinsurance from its latest catastrophe bond, with the coverage priced at the low-end of initial guidance.

With the news yesterday that asset manager Schroders Capital has grown its insurance-linked securities (ILS) assets under management (AUM) above $5 billion, the company also announced some structural changes to the team there.