Catastrophe bond news

Bermuda continues to be the world-leading insurance-linked securities (ILS) domicile, with the vast majority of the catastrophe bond market and a significant proportion of the rest of the ILS market, domiciled or serviced on the island, while its industry continues to drive forwards reinsurance and capital markets Convergence.

The insurance-linked securities (ILS) market currently represents one of the most attractive markets in which to invest since the ILS market came into being, according to Doug Abbott, Head of UK Intermediary at Schroders.

The California Earthquake Authority (CEA) has now secured its new Ursa Re Ltd. (Series 2023-2) earthquake catastrophe bond at the upper-end of the targeted size, securing itself $230 million in collateralized earthquake reinsurance from the issuance, while the notes priced towards the lower-end of guidance.

Hurricane Lidia rapidly intensified on-approach to Mexico’s Pacific coast late yesterday, with the storm’s sustained wind speeds doubling and its central pressure dropping rapidly as it neared landfall, which could serve to drive some price pressure, or uncertainty at least, to the Class D notes of the Mexican governments IBRD / FONDEN 2020 catastrophe bond […]

This video features another session of the day at our Artemis ILS Asia 2023 conference, held in Singapore on July 13th 2023, a keynote speech by Yusuke Kikuchi, Managing Director at Aon Securities (Japan) on catastrophe bond and insurance-linked securities (ILS) activity in the Asia Pacific region.

Catastrophe bond funds in the UCITS format delivered an average return of 11.81% across the group according to the Plenum CAT Bond UCITS Fund Indices, with a number of factors continuing to drive returns towards record annual levels.

Hurricane Lidia is bearing down on the western Pacific coast of Mexico with sustained winds of around 125 mph. Some additional strengthening is forecast, and the risk to the Mexican governments IBRD / FONDEN 2020 catastrophe bond has risen thanks to ongoing intensification of Lidia up to landfall.

The Insurance Open Protocol reporting template and associated manual for insurance-linked securities (ILS) and reinsurance linked investment funds have been updated by the Standards Board for Alternative Investments (SBAI) in consultation with participating ILS managers, investors and interested parties.

Catastrophe bond funds in the UCITS format experienced some outflows in the third-quarter of the year, with their combined assets under management falling by 4% to just over $9.95 billion in the period.

The California Earthquake Authority (CEA) has increased the target size for its new Ursa Re Ltd. (Series 2023-2) earthquake catastrophe bond transaction, with now as much as $230 million in collateralized reinsurance sought from the issuance.