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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FEMA secures $400m of NFIP cat bond reinsurance at mixed pricing

The U.S. Federal Emergency Management Agency (FEMA) has now secured its upsized target of $400 million of catastrophe bond backed flood reinsurance coverage for the NFIP from its third capital markets issuance, the FloodSmart Re Ltd. (Series 2020-1) transaction.FEMA's third catastrophe bond will now provide the Agency with an investor read the full article →

Best of Artemis, week ending 16th February 2020

Here are the ten most popular news articles, week ending 16th February 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.Ten most read the full article →

Jamaica readies for first cat bond, already budgeting for its renewal

Despite the fact a catastrophe bond for Jamaica has not yet come to market, after receiving support to pay premiums for the in-development first issuance the Caribbean island nation is already preparing to budget for its future renewal.Jamaica's government has been working towards sponsoring its first catastrophe bond for at read the full article →

Lloyd’s plans for third-party & ILS capital appear pushed back

Lloyd’s of London appears to have lowered the priority level of its plans for welcome insurance-linked securities (ILS) capital into the insurance and reinsurance marketplace, as three other initiatives from its Blueprint One are set to be the immediate focus.When Lloyd's revealed its ambitious “Blueprint One” last September, the plan read the full article →

Mexico returns for $425m+ quake & hurricane World Bank cat bond

The government of Mexico has returned to the catastrophe bond market with the help of the World Bank and its International Bank for Reconstruction and Development (IBRD), seeking a $425 million or larger slice of parametric earthquake and hurricane disaster insurance from the capital markets through an issue we've named read the full article →

FEMA’s target for FloodSmart Re 2020 cat bond rises to $400m

The U.S. Federal Emergency Management Agency (FEMA) has lifted its target for its third catastrophe bond, with the FloodSmart Re Ltd. (Series 2020-1) transaction now seeking up to $400 million of flood reinsurance protection from the capital market for its National Flood Insurance Program (NFIP).FEMA returned to the capital markets read the full article →

Alternative capital helps Everest Re “dust off” Purple, grow retro 25%

Everest Re took advantage of market conditions around the January renewals to build a significantly larger book of retrocession business, leveraging its access to alternative reinsurance capital and use of catastrophe bonds to allow it to deploy capital into its Purple pillared retro product.Everest Re has repeatedly demonstrated an ability read the full article →

American Strategic’s Bonanza Re cat bond doubles in size at top-end pricing

The second catastrophe bond issuance to be sponsored by American Strategic Insurance Group has received a favourable response from investors, as the Bonanza Re Ltd. (Series 2020-1) transaction has doubled in size to reach $200 million.At the same time the pricing for the now $200 million of reinsurance protection that read the full article →

Mt. Logan Re AuM & cat bond assets shrank at 1/1 for Everest Re

Third-party reinsurance capital accounted for within reinsurer Everest Re's capital stack shrank at January 1st 2020, as assets under management in its Mt. Logan Re collateralized reinsurance sidecar-like vehicle shrank at year-end, while catastrophe bond maturities outweighed its renewals.Everest Re had been building an increasingly larger contribution from third-party reinsurance read the full article →

Work to do, but ILS ready to grasp opportunities, say ILS NYC 2020 speakers

The insurance-linked securities (ILS) market recognises the need to learn from recent catastrophe loss activity and to firm up its processes and structures to the benefit of cedents and investors, while at the same time ILS players are ready to grasp emerging opportunities for growth and diversification, speakers at our read the full article →