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 bonds demonstrate positive diversification characteristics: Plenum

The catastrophe bond market has been demonstrating its "positive diversification characteristics" during the ongoing Covid-19 coronavirus pandemic, according to specialist ILS fund manager Plenum Investments.The catastrophe bond asset class is one of the best defensive asset classes in these times of financial market volatility and great uncertainty, with the cat read the full article →

Lloyd’s in 2019 underwriting loss, as Covid-19 shows in solvency measure

The Lloyd's of London insurance and reinsurance market fell to an underwriting loss for the third consecutive year, reporting a combined ratio of 102.1% for 2019, while paying gross claims during the year that were higher than in the prior year.Lloyd's has struggled with its underwriting performance in recent years read the full article →

Artemis ILS NYC 2020 – post-conference report

Welcome to the Artemis ILS New York 2020 conference report, which provides insight into some of the debates that took place between speakers and attendees during Artemis’ third event in the city.The fourth Artemis ILS New York conference was held in New York City, in midtown Manhattan at a purpose read the full article →

American Integrity seals $150m Integrity Re II cat bond at top-end pricing

The first catastrophe bond to be sponsored in Singapore by U.S. primary insurer American Integrity will settle at the high-end of size targets of $150 million, but with pricing also at the high-end of guidance as investor demand for higher coupons persists in the market.The Integrity Re II Pte. Ltd. (Series read the full article →

Cat bond sell-off may slow new issuance until ILS fund inflows catch up

With catastrophe bond trading in the secondary market having reached what may well be record levels on the back of the Covid-19 coronavirus pandemic related sell off, thoughts turn to how this significant increase in liquidity may impact the wider market over the coming months.As we explained last week, the read the full article →

Coronavirus effect clear in cat bonds, but private ILS outperforms: Schroder Secquaero

The Covid-19 coronavirus pandemic is having an evident effect on the catastrophe bond market, seen largely in the secondary market but with expected future ramifications for primary cat bond issuance market conditions as well, according to executives at Schroder-Secquaero.At the same time, the private ILS market is currently outperforming as, read the full article →

Credit Suisse ILS hires Blattmann as Head of Distribution & Strategy

Credit Suisse Insurance Linked Strategies Ltd., the insurance and reinsurance investments focused unit of bank and asset management giant Credit Suisse, has hired a new Head of Distribution & Strategy in Eric Blattmann, an experienced investment distribution professional.Blattmann joins the Credit Suisse Insurance Linked Strategies team from his most recent read the full article →

Hong Kong seeks swift passage of new ILS legislation

The Government of Hong Kong has introduced a bill to amend its insurance regulation to allow for insurance-linked securities (ILS) such as catastrophe bonds to be issued and will seek to pass it rapidly given the uncertainty caused by the coronavirus outbreak.The Insurance (Amendment) Bill 2020 was gazetted on March read the full article →

Coronavirus may trigger $196m World Bank cat bond & swap payout

The payout from the World Bank issued pandemic catastrophe bonds, as well as the pandemic risk-linked swaps that were issued at the same time, may reach just under $196 million in total, if the ongoing Covid-19 coronavirus outbreak triggers the financial instruments.The impact from the Covid-19 coronavirus pandemic has more read the full article →

Cat bond gives Philippine government faster access to post-disaster funds

The recently completed first catastrophe bond for the Philippines provides its government with faster access to post-disaster funding, enabling it to respond more rapidly and effectively to support the needs of its citizens when the largest catastrophes strike.The Philippines government has made steady progress in setting up a layered, country-wide read the full article →