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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Covid-19 macro-economic hit the main property reinsurance driver: Aon

For the property reinsurance marketplace, the impacts of the Covid-19 coronavirus pandemic are expected to be largely driven by macro-economic factors, although some specific contracts could be at-risk of legislative efforts around inclusions, according to Aon.In a client briefing seen by Artemis, Aon explains that property reinsurance contracts would be read the full article →

Covid-19 expected to slow mortgage ILS issuance, say analysts

The rapid growth of mortgage insurance-linked securities (ILS) issuance witnessed over the past five years is expected to slow as a result of uncertainty caused by the Covid-19 coronavirus pandemic, according to analysts at Credit Suisse.Since the introduction of the first deal in 2015, the $298.89 million Bellemeade Re Ltd. read the full article →

SCOR delays new Atlas Capital cat bond, cites Covid-19 disruption

France headquartered global reinsurance company SCOR has suspended the marketing of its new catastrophe bond, Atlas Capital Reinsurance 2020 DAC (Series 2020-1), citing the market disruption created by the current pandemic.SCOR returned to the catastrophe bond market just a fortnight ago with its latest Atlas Capital transaction, as it sought read the full article →

ILS & cat bonds “most defensive asset class” for investors: Twelve Capital

Insurance-linked securities (ILS) and catastrophe bonds investments are well placed to weather the current Covid-19 coronavirus pandemic situation, according to specialist reinsurance asset manager Twelve Capital.The insurance and reinsurance market has a strong track record of coping with highly distressed market environments, Twelve Capital says.As a result, it believes that read the full article →

Demand for fully collateralised cover may rise on pandemic risk awareness

There is a chance that reinsurance and retrocession buyers begin to favour fully collateralised protection more highly again, as they become increasingly aware that there are financial and economic risks which of a scale that can threaten traditional re/insurer solvency.The insurance-linked securities (ILS) market was a fully collateralised source of read the full article →

Covid-19 volatility & losses could drive reinsurance hardening: S&P

The capital buffers of some of the largest reinsurance companies have been significantly shrunken by the financial market declines seen in the last few weeks because of the Covid-19 coronavirus outbreak, potentially reducing their ability to weather any major catastrophe events that occur.With stock markets around the globe generally down read the full article →

Best of Artemis, week ending 29th March 2020

Here are the ten most popular news articles, week ending 29th March 2020, 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.*** Please read the full article →

Cat bond market liquidity slows, as bid list fails to fully trade

Catastrophe bond market liquidity appears to have slowed towards the end of this week, evidenced by one of the latest bid lists of cat bonds available for sale failing to fully trade, suggesting a perhaps growing gap between buyer and seller price targets.As we've been explaining in our coverage, the read the full article →

American Integrity the most consistent Florida cat bond sponsor: Anger

Primary insurer American Integrity Insurance Company (AIIC) has proven itself the most consistent catastrophe bond sponsor among Floridian carriers since 2017, according to Cory Anger.Having recently sponsored a successful fourth catastrophe bond issuance, American Integrity is the only Florida domestic market insurer to have tapped the capital markets four years read the full article →

Investor interest can survive pandemic cat bond loss: Seo, Fermat Capital

The World Bank’s pandemic catastrophe bond issuance looks increasingly likely to suffer a significant loss of investor principal due to being triggered by the ongoing Covid-19 coronavirus outbreak, but John Seo of Fermat doesn’t think that will dent investor appetite for the risk.As we explained in this recent article, it read the full article →