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 market data.

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Cat bond rates-on-line accelerate 11% in Q2, hard market entrenched: Lane

Catastrophe bond and insurance-linked security (ILS) rates-on-line continue to accelerate away as the hard market persists, rising another 11% in the second-quarter of 2020, according to the synthetic ILS rate-on-line Index calculated by Lane Financial. Cat bond and ILS rates and pricing continue to sit in what Lane Financial would call read the full article →

First pure wildfire cat bond in two years upsized & priced within guidance

The first California wildfire catastrophe bond transaction to be issued since the severe California season of 2018 has successfully been upsized, with utility Sempra Energy's SD Re Ltd. (Series 2020-1) deal now set for $90 million. Not only has the first pure wildfire cat bond in almost two years increased in read the full article →

ILS funds average 0.12% return in muted May performance

The average return of catastrophe bond and insurance-linked securities (ILS) funds was just 0.12% in May 2020, as muted performance was the order of the day and a number of funds fell to a decline. May 2020 saw the average ILS fund return just 0.12%, according to the Eurekahedge ILS Advisers read the full article →

Sempra Energy’s SD Re 2020-1 wildfire cat bond may upsize to $90m

Electrical utility Sempra Energy is seeking to upsize its second catastrophe bond, with the SD Re Ltd. (Series 2020-1) transaction now targeting a $90 million source of California wildfire insurance protection from the capital markets for the company. Sempra Energy returned to the catastrophe bond market in June, with an SD read the full article →

S&P takes Vita Capital VI mortality bond off negative watch as Covid-19 outlook improves

The first catastrophe bond rating action caused by the Covid-19 coronavirus pandemic has now been resolved and reverted, as S&P Global Ratings affirmed Swiss Re’s late 2015 Vita Capital VI Limited (Series 2015-1) transaction and removed it from a negative watch. The mortality catastrophe bond which featured a single $100 million read the full article →

Arch secures first mortgage ILS of Covid-19 era, Capsicum Re assists on reinsurance

Arch Capital Group, the Bermuda headquartered specialist insurance and reinsurance carrier, has successfully secured $528 million of mortgage reinsurance through the completion of the first mortgage ILS deal of the Covid-19 era and by securing additional reinsurance with the assistance of broker Capsicum Re. As we've reported before, Arch Capital successfully read the full article →

Solid issuance as catastrophe bond market performs in time of crisis: Q2 2020 Report

The market for catastrophe bonds and related insurance-linked securities (ILS) once again demonstrated its resilience in the second-quarter of 2020, as despite the uncertain environment created by Covid-19, issuance of new cat bonds and ILS reached $3.76 billion according to the latest report and data from Artemis. Our latest quarterly report read the full article →

Lloyd’s explores multi-use iSPV structure under UK ILS regulations

The Lloyd's insurance and reinsurance market appears to be actively exploring use of a specific insurance-linked securities (ILS) structure under the UK ILS regulatory regime, to help capital markets investors access risk underwritten in the market more easily. Lloyd's has been discussing the prospect of making it simpler for capital market read the full article →

Lloyd’s pitches pandemic/systemic risk solutions, with capital markets support

Lloyd’s of London, the specialist insurance and reinsurance marketplace, has this morning pitched three possible solutions to pandemic and systemic risk insurance provision, as it seeks to bring constructive discussion to the issues of insurability of pandemic risk exposure and other major systemic risks. As ever, the capital markets are seen read the full article →

Convex enters cat bond market with $150m Hypatia multi-peril deal

Convex Group, the specialty insurance and reinsurance company founded by Stephen Catlin, is sponsoring its first catastrophe bond transaction, bringing a $150 million Hypatia Ltd. (Series 2020-1) multi-peril retro transaction to market. Convex is targeting property catastrophe retrocessional reinsurance protection for its North American and Canadian books of business with this read the full article →