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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Cat bond spreads move decisively in investors favour in 2020: Twelve Capital

Catastrophe bond spreads are back at levels not seen for at least five years and specialist insurance-linked securities and reinsurance investment manager Twelve Capital believes they have further to go in 2020, making this a compelling year for investors to allocate to the sector."Cat Bond spreads reflect prevailing conditions within read the full article →

Nationwide secures 44% upsized $490m Caelus Re 2020 cat bond

U.S. primary insurance carrier Nationwide Mutual Insurance Company is set for its largest slice of catastrophe bond backed reinsurance coverage ever, after its latest Caelus Re VI Ltd. (Series 2020-1 & 2020-2) transaction has now priced at a 44% upsized $490 million, we're told.That is very close to the maximum read the full article →

Swiss Re to remain a major ILS & alternative capital player: CFO Dacey

Having brought together its insurance-linked securities (ILS) and retrocessional reinsurance activities last year, global firm Swiss Re expects to remain a major player in the alternative capital space, its CFO said yesterday.Swiss Re reorganised its insurance-linked securities (ILS) and retrocessional capabilities in 2019, merging its ILS and retro teams within read the full article →

New ILS funds will be impressive in size: Adderley, Appleby

As insurance and reinsurance linked investing remains popular among investors and an attractive source of protection to cedents, new insurance-linked securities (ILS) funds are still being formed and we should expect them to be "impressive in size", Brad Adderley a Partner at law firm Appleby Bermuda said recently.Speaking to A.M. read the full article →

Credit Suisse ILS promotes Jacquet to Head, Non-Life Underwriting

Credit Suisse Insurance Linked Strategies Ltd., the insurance and reinsurance investments focused unit of bank and asset management giant Credit Suisse, has promoted employee Benjamin Jacquet to the role of Head of Non-Life Underwriting.The Credit Suisse ILS team continues to build-out an increasingly robust platform for its insurance and reinsurance read the full article →

Nationwide’s Caelus Re VI 2020 cat bond could reach $500m in size

The latest catastrophe bond to be sponsored by Nationwide Mutual Insurance Company could turn out to be the U.S. primary insurers largest ever, as the target for the deal has grown with $500 million now seen as the upper-end goal for the Caelus Re VI Ltd. (Series 2020-1 & 2020-2) read the full article →

TWIA’s reinsurance & cat bond target raised to $2.1bn for 2020

The Texas Windstorm Insurance Association (TWIA) has raised its target for reinsurance and catastrophe bond coverage for this year to $2.1 billion, while at the same time the expectations for average rate-on-line have fallen slightly since December.Back in December 2019, TWIA's Board was working off a budgeted assumption that it read the full article →

This is the year for ILS to flex its muscles: Albertini at ILS NYC 2020

2020 is the year when the insurance-linked securities (ILS) market should flex its muscles to ensure the robustness of its products for both cedents and investors, speakers at our recent New York ILS conference said.With a theme of ‘Building Back Stronger” the conference as a whole focused on the need read the full article →

Pandemic cat bond secondary price reacts as coronavirus cases rise

The secondary market indicative price for one tranche of the World Bank’s pandemic catastrophe bond transaction has now responded to the rise in cases from the novel coronavirus outbreak.As we explained previously, the novel coronavirus (2019-nCoV or Covid-19) outbreak that began in the city of Wuhan in Hubei province China read the full article →

No doubt 2020 will be a banner year for cat bonds: Klugman, Swiss Re

The catastrophe bond market can look forward to a banner year in 2020, according to Judith Klugman, Head of ILS Sales for reinsurance firm Swiss Re's Alternative Capital Partners unit.Speaking to A.M. Best TV at our recent New York insurance-linked securities (ILS) market conference, ILS NYC 2020, Klugman discussed why read the full article →