Catastrophe bond news

Catastrophe bond news – news and analysis covering the market for cat bonds and other catastrophe insurance-linked securities (ILS), including all the catastrophe bond issuance news, cat bond articles, catastrophe bond market trends, catastrophe bond analysis and cat bond data.

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Everest Re aims for up to $800m from Kilimanjaro III Re cat bonds

Global insurance and reinsurance firm Everest Re has lifted its targets for its latest catastrophe bond issuances, with the company now hoping to secure between $500 million and $800 million of retrocessional reinsurance from the Kilimanjaro Re III transactions.At the same time as lifting the target for the cat bonds, read the full article →

Philippines seeks reinsurance to cover $19.6bn of state assets & infrastructure

The government of the Philippines continues to expand its natural catastrophe related insurance and risk transfer provisions, with the latest step being a roughly US $19.6 billion cover for certain state assets, for which it is now seeking private market reinsurance protection.The Philippines government has entered into the 1 trillion read the full article →

ILS NYC 2020: Two months to go!

There are only two months to go until we hold our ILS NYC 2020 conference, so register soon to ensure you can attend at the best possible price.We’re holding our fourth annual insurance-linked securities (ILS) conference held in New York City on February 7th 2020 in central midtown Manhattan.Agenda:We've already read the full article →

ARC focusing on multi-hazard index for climate cat bond facility XCF

The African Risk Capacity (ARC) continues to work towards the implementation of its climate catastrophe bond backed Extreme Climate Facility (XCF), focusing on the development of a robust multi-hazard index that can be used to trigger the instruments.The Extreme Climate Facility (XCF) is a proposed multi-year funding mechanism which will read the full article →

Climate change adaptation financing can benefit from partnership with ILS

Climate change adaptation projects and the need for them are rising up the agenda, as a recent surge in damages from severe weather and climate related catastrophe events concentrates the mind on the importance of investing in this area.Public authorities are showing renewed and increasing interest in climate adaptation, while read the full article →

Gap between best & worst performing ILS fund nears 10% in October

The broad diversity within the insurance-linked securities (ILS) fund market became very apparent in October 2019, as the impacts of catastrophe losses from Hagibis drove the gap between best and worst performing ILS fund to almost 10%.It's one of the highest figures we've seen in our almost two decades tracking read the full article →

USAA recovers another $62.6m from Residential Re cat bonds

U.S. primary mutual insurer USAA continues to make reinsurance recoveries under its Residential Re catastrophe bond program, with the latest loss payments to come to light amounting to almost $62.6 million.USAA's Residential Reinsurance catastrophe bonds were exposed to a range of catastrophe loss events over the course of 2017 and read the full article →

Swiss Re’s reinsurance sidecar Sector Re nears $1.1bn in size

Global reinsurance company Swiss Re has significantly increased its use of alternative or third-party investor capital within its collateralised retrocessional reinsurance sidecar vehicle Sector Re Ltd., taking the vehicles total assets to close to $1.1 billion this year.In fact, Swiss Re's sidecar vehicle Sector Re has increased in size by read the full article →

Hagibis hammers some private ILS positions in October

It's becoming clear that typhoon Hagibis' impacts in Japan have hammered the performance of some private insurance-linked securities (ILS) positions in October and this could be sufficient to overshadow what has been another positive month for the catastrophe bond market.While typhoon Hagibis did dent some catastrophe bond positions, with a read the full article →

Red Cross’ volcano cat bond targets multi-continent coverage from Q1 issue

Over 800 million people live within 100km of an active volcano around the world. To prepare for a potential eruption, the Danish Red Cross and International Federation of Red Cross and Crescent Societies, alongside industry partners, are planning a catastrophe bond to cover risks associated with 10 volcanoes in 4 read the full article →