Cat bond news

This is the debut catastrophe bond for American European Insurance Company, with the company seeking $100 million in named storm reinsurance protection through this Charles River Re Ltd. (Series 2024-1) issuance for a coastal property book that is originated via MGA ShoreOne.

Tokio Marine & Nichido Fire Insurance Co. Ltd., the giant Japanese primary insurance group, is the latest sponsor to target below guidance pricing for its new catastrophe bond, with the still $100 million Kizuna Re III Pte. Ltd. (Series 2024-1) transaction seeing its spread guidance reduced.

The Government of Mexico has returned to the catastrophe bond market, seeking $360 million or more in disaster insurance protection for earthquake and hurricane events, through a World Bank facilitated IBRD CAR Mexico 2024 parametric catastrophe bond, Artemis has learned.

Catastrophe bond funds in the UCITS format have continued to experience growth as a group in early 2024, ending February with $11.24 billion in combined assets under management (AUM), while two UCITS cat bond funds have surpassed the $3 billion milestone this year.

PGGM, the Dutch pension investment manager that allocates the largest amount to the insurance-linked securities (ILS) market on behalf of end-client the Dutch pension PFZW, ended 2023 with just over US $9 billion in ILS assets under management, as a slight uplift in capital deployed in euro terms and currency rates lifted AUM to a […]

Having recently settled its latest and seventh catastrophe bond issuance, securing more flood reinsurance protection for the National Flood Insurance Program (NFIP), David Maurstad of the U.S. Federal Emergency Management Agency (FEMA), said the cat bond coverage was secured at “favorable terms”.

Slide Insurance Company is back in the catastrophe bond market for what will be its third time, seeking what could be its largest issuance as it targets $150 million in named storm reinsurance through this Purple Re Ltd. (Series 2024-1) transaction.

Brookfield Corporation, a Canadian multinational that is one of the largest alternative investment management companies, is looking to the catastrophe bond market and sponsoring a $100 million Aragonite Re Ltd. (Series 2024-1) deal, to provide named storm and earthquake insurance protection for its portfolios of property investments.

Here are the ten most popular news articles, week ending March 10th 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.

The U.S. National Hurricane Center (NHC) has delivered its final tropical cyclone report for 2023’s hurricane Otis, putting the minimum central pressure of the storm at 922mb and 929mb at landfall on the Mexican coast, which we’re told still suggests the $125 million IBRD / FONDEN 2020 Class D tranche of catastrophe bond notes face […]