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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Stratosphere Re cat bond trigger said at 15%-25% of Nephila’s total assets

The recently launched to investors Stratosphere Re Ltd. (Series 2020-1) catastrophe bond that will provide coverage to the largest ILS fund manager in the market Nephila Capital, could only be triggered by losses causing the manager a roughly 15% to 25% hit to assets.The Stratosphere Re cat bond, which launched read the full article →

Zenkyoren seeking $150m+ Nakama Re 2020 earthquake cat bond

Zenkyoren (the Japanese National Mutual Insurance Federation of Agricultural Cooperatives), which is one of the world’s largest buyers of reinsurance protection, has returned to the insurance-linked securities (ILS) market with Nakama Re Ltd. (Series 2020-1), seeking another slice of catastrophe bond backed coverage from the capital markets.Zenkyoren has been steadily read the full article →

Best of Artemis, week ending 19th January 2020

Here are the ten most popular news articles, week ending 19th January 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.Register here read the full article →

World Economic Forum eyes risk sharing with catastrophe bonds: Davos 2020

A World Economic Forum (WEF) initiative focused on responses to humanitarian risk is investigating areas where catastrophe bonds may prove valuable tools for risk sharing with private markets and investors, according to a United Nations representative.The World Economic Forum (WEF) is an international organisation focused on public-private cooperation. Its annual read the full article →

Trapped ILS capital falls slightly, overall reinsurance capital rises: Hyperion X

The amount of insurance-linked securities (ILS) capital and collateral that is still trapped after recent catastrophe loss years has fallen only slightly, as some cat bond collateral in particular was released but fresh collateralised reinsurance and retro collateral was trapped by 2019 loss events.At the same time, overall global reinsurance read the full article →

Cat bond rates gain 2% in Q4, hard market continues: Lane Financial

Catastrophe bond and ILS rates-on-line, as measured by a synthetic Index calculated by Lane Financial, rose 2% in the final quarter of 2019, as insurance-linked securities (ILS) remained in hard market territory and yields returned to levels seen earlier in the year.The latest data from consultancy Lane Financial LLC's synthetic read the full article →

P&C profit pressure, Jan renewal outcome to drive reinsurance rates: KBW

While major global catastrophe loss activity in the fourth-quarter wasn't particularly significant, attrition from global large losses and Japanese typhoons, as well as dented profitability in general, plus the outcome of January renewals, is all expected to help drive reinsurance rates higher through 2020.Analysts from KBW noted that overall loss read the full article →

Insurance & ILS are shock absorbers for climate, but need adjusting to the risk: McKinsey

Insurance products, reinsurance and insurance-linked securities (ILS) are all examples of financial shock absorbers for climate change risks, but while it can encourage behavioural change through the sending of price signals, a new report from McKinsey highlights the reality that the sector business models may need to change.Leaders in business, read the full article →

Allstate’s 2019 cat losses lower than prior two years at ~$2.6bn

U.S. primary insurance giant Allstate has ended the full-year 2019 with its pre-tax catastrophe losses amounting to just under $2.6 billion, lower than the prior two years and so far leaving its aggregate reinsurance protection untouched.Allstate has reported that its estimated catastrophe losses for the month of December 2019 only read the full article →

Stone Ridge interval ILS fund shrinks again, cat bond focused fund stable

Stone Ridge Asset Management's mutual insurance-linked securities (ILS) fund assets shrank slightly in the last quarter of record, with the Interval ILS fund down roughly 5% again, but the managers catastrophe bond focused fund was more stable and grew almost 1% in the period.Overall, Stone Ridge's mutual ILS fund assets read the full article →