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.


Genworth targets $303m of mortgage reinsurance with Triangle Re 2021-2

Genworth Mortgage Insurance, a US mortgage insurance subsidiary of Genworth Financial, is back in the capital markets with its second mortgage insurance-linked securities (ILS) deal of this year, a $303 million Triangle Re 2021-2 Ltd. issuance. Genworth has returned to the capital markets for more collateralized mortgage reinsurance protection soon after read the full article →

State Farm sponsors $350m New Madrid quake Merna Re II cat bond for 2021

US primary insurance giant State Farm has again returned to the 144A catastrophe bond market for another slice of New Madrid earthquake reinsurance protection to sponsor its latest capital markets deal, a $350 million Merna Re II Ltd. (Series 2021-1) issuance. As with all recent Merna Re cat bonds sponsored by read the full article →

Elementum promotes Lynette Pirilla Walter, hires John Drnek from RenRe

Elementum Advisors, LLC, the insurance-linked securities (ILS) fund management and collateralised reinsurance underwriter, has announced the promotion of Lynette Pirilla Walter to Chief Legal Officer of the asset manager and the hiring of John Drnek of RenaissanceRe's as General Counsel for its Bermuda operation. Lynette Pirilla Walter has worked at Elementum read the full article →

2021 Atlantic hurricane season forecast for 8 hurricanes, 4 major: CSU

Tropical storm and hurricane research meteorologists at Colorado State University have issued a forecast calling for 8 hurricanes, 4 of them major, during the 2021 Atlantic hurricane season, while also forecasting an above-average chance of major hurricane landfalls occurring. The team at Colorado State University (CSU) cite an expectation that La read the full article →

Sapnar joins Stone Ridge’s NYDIG to lead bitcoin services for insurance

Mike Sapnar, the former CEO of global reinsurance firm TransRe has now surfaced as Global Head of Insurance Solutions for the Stone Ridge owned NYDIG, tasked with leading the firms creation of bitcoin-powered products and services for the global re/insurance industry. We wrote back in March that Sapnar was said to read the full article →

Tokio Marine to redeem $150m of its Kizuna II 2018 cat bond

Sources have told us that Japanese insurance group Tokio Marine has opted to redeem a $150 million tranche of its Kizuna Re II Ltd. (Series 2018-1) Japan earthquake focused catastrophe bond, as the notes have not faced any loss events in the three years since their issue. At the time of read the full article →

Cincinnati challenges winter storm claims under ERCOT policy

While widespread subrogation related to winter storm claims payments against Texas energy organisation the Electric Reliability Council of Texas, Inc. (ERCOT) hasn't emerged and in some quarters is thought unlikely, one insurer is seeking to hold ERCOT accountable for some of its costs from the freeze event in the State. The read the full article →

ILS investor demand moderated April renewal pricing: Willis Re

Strong demand from insurance-linked securities (ILS) investors, in particular for publicly traded catastrophe bonds, helped to moderate overall reinsurance renewal price increases at April 1st, according to Willis Re. The reinsurance broker detailed the April reinsurance renewal pricing environment last week, saying that renewal market conditions followed the trends seen in read the full article →

Aspen targets catastrophe bond renewal with $225m Kendall Re 2021-1

Aspen Insurance Holdings Limited has returned to the catastrophe bond market for a renewal of its international multi-peril coverage from the capital markets, seeking to sponsor a $225 million Kendall Re Ltd. (Series 2021-1) transaction. It's going to be Aspen's second cat bond under the Kendall Re program and the third read the full article →

Palomar encouraged by investor response to new Torrey Pines cat bond

Palomar Insurance Holdings, the speciality California-headquartered insurer that provides largely catastrophe exposed property products, has expressed its satisfaction at the successful upsizing and closing of its new Torrey Pines Re Pte. Ltd. (Series 2021-1) earthquake catastrophe bond at $400 million. As we'd previously reported, this new cat bond was Palomar’s first read the full article →