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.

For details of catastrophe bond transactions visit our Deal Directory.

Share

Re/insurance & ILS a “bright light” in Bermuda’s economy: Wightman, PwC

The insurance, reinsurance and insurance-linked securities (ILS) sector has been a "bright light" in Bermuda's economy, even through the challenging economic environment of the pandemic, according to Arthur Wightman, Territory leader, PwC Bermuda. Discussing the findings of PwC's latest Global CEO Survey, Wightman noted the importance of the re/insurance and ILS read the full article →

Lawsuit raises ERCOT subrogation potential. Ramifications for ILS markets

Subrogation recoveries related to the February 2021 winter storm and Texas freeze losses are now being seen as increasingly possible, perhaps even likely, by our sources in reinsurance and insurance-linked securities (ILS) markets, as a lawsuit has been filed against ERCOT and many expect that some kind of payout will read the full article →

Arch targets up to $317m Bellemeade Re 2022-1 mortgage ILS issuance

Arch Capital is aiming to secure up to $317 million of mortgage reinsurance protection from its first insurance-linked securities (ILS) transaction of the year, by sponsoring a Bellemeade Re 2022-1 Ltd. mortgage insurance-linked notes issuance. There's some uncertainty over the eventual size of this transaction, according to our sources, but the read the full article →

Allstate reports $528m of Q4 catastrophe losses, $218m from Marshall Fire

US primary insurance carrier Allstate has reported its fourth-quarter 2021 catastrophe losses, revealing a total of $528 million, pre-tax, with relatively significant impacts experienced from December loss events, including Colorado's Marshall Fire. For just the month of December 2021, Allstate estimates its pre-tax catastrophe losses at $411 million, which would be read the full article →

Tonga gets World Bank CAT-DDO funds for volcano & tsunami recovery

The Pacific Island nation of Tonga will receive a US $8 million payout disbursement from a World Bank arranged catastrophe contingent line of credit, under a Catastrophe-Deferred Drawdown Option, or CAT-DDO. Tonga and other islands in the region were severely impacted by the eruption of the Hunga Tonga volcano on January read the full article →

TWIA opts for Aon for catastrophe modeling services

The Texas Windstorm Insurance Association (TWIA) is now set to finally appoint insurance and reinsurance broker Aon to provide catastrophe risk modeling services, after the company was recommended by its Actuarial & Underwriting Committee after a second round of RFP's. TWIA had issued a request for proposals (RFP) for catastrophe modeling read the full article →

Twelve Capital gets strategic investment from Graubündner Kantonalbank

Twelve Capital Management, the Zurich-headquartered catastrophe bond, insurance-linked securities (ILS) and reinsurance linked investment fund manager, is taking a strategic investment from one of Switzerland's cantonal banks, Graubündner Kantonalbank. Graubündner Kantonalbank has agreed to acquire a 30% stake in the holding company of the specialist insurance and reinsurance focused investment firm, read the full article →

Cat bonds outperform many private ILS portfolios: Frontier Advisors

Insurance-linked securities (ILS) portfolios with predominantly catastrophe bond holdings have on average outperformed many mid- and higher-risk ILS fund strategies that contain private ILS transactions over recent years, according to analysis from Frontier Advisors. Catastrophe bonds typically provide reinsurance or retrocessional protection higher up in the risk tower, so are more read the full article →

Bermuda Stock Exchange (BSX) ILS & cat bond listings surpass $50bn

Record catastrophe bond and related insurance-linked securities (ILS) market issuance in 2021 has helped the Bermuda Stock Exchange (BSX) to increase the value its listings of cat bond and ILS notes by 26% during the year. Thanks to another very active year and record issuance of catastrophe bonds in 2021, as read the full article →

Attractive cat bond pricing & more inflows expected in 2022: Tenax

Tenax Capital, the London based hedge fund manager that was founded by CEO Massimo Figna and now counts FOSUN as its major shareholder, believes that catastrophe bond pricing and terms & conditions will remain attractive through 2022, while more inflows from generalist fixed income investors are possible. Tenax Capital launched its read the full article →