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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$18.3m Asagao II private cat bond issued by Aon’s White Rock

A new approximately $18.3 million Asagao II Japanese private catastrophe bond transaction has come to market using the Aon Insurance Managers operated segregated accounts company White Rock Insurance SAC.The transaction is the second Asagao private catastrophe bond to be issued using insurance and reinsurance broker Aon’s Bermuda domiciled Class 3 read the full article →

Cat bond liquidity evident, as trading rises on Covid-19 volatility

The catastrophe bond market is once again demonstrating its financial liquidity, as secondary trading volumes have risen driven by certain investors looking to sell their positions at a time when volatility in the broader financial markets is extremely high due to the coronavirus pandemic.Catastrophe bonds have demonstrated their liquidity benefits read the full article →

Vitality Re health ILS at risk from coronavirus morbidity stress: S&P

The Vitality Re series of health insurance-linked securities (ILS) transactions, which provide reinsurance protection to health insurer Aetna, are exposed to potential triggering by the coronavirus pandemic should it result in "severe morbidity stress", rating agency S&P has said.The Vitality Re series of health ILS transactions are a way for read the full article →

BMA responds to coronavirus: allows later filings, virtual board meetings

The Bermuda Monetary Authority (BMA) is making allowances for insurance, reinsurance and insurance-linked securities (ILS) company filings to be a little later and for physical board meetings on the island to not be required, in response to the Covid-19 coronavirus outbreak.The financial market regulator for Bermuda, the BMA activated a read the full article →

Japan typhoon Faxai, Hagibis & rainfall claims rise 35% to $9.2bn: GIAJ

Japanese domestic insurers have now paid out roughly US $9.2 billion in claims related to typhoon Faxai, typhoon Hagibis and the heavy rainfall event that closely followed these storms, which is an increase of 35% on figures released in December by the General Insurance Association of Japan (GIAJ).In its latest read the full article →

Allstate’s Sanders Re II cat bond prices to provide $250m of reinsurance

U.S. primary insurance giant Allstate has now priced, according to sources, and will provide the company with a $250 million source of both per-occurrence and annual aggregate multi-peril reinsurance protection across a four-year term.The Sanders Re II Ltd. (Series 2020-1) transaction hit its $250 million target for Allstate, delivering the read the full article →

SCOR returns to Ireland for new $200m+ Atlas Capital 2020 cat bond

France headquartered global reinsurance company SCOR has returned to the capital markets to sponsor a new catastrophe bond, Atlas Capital Reinsurance 2020 DAC (Series 2020-1), in search of an expanded insurance-linked securities (ILS) backed source of retrocessional reinsurance protection.For its first catastrophe bond of 2020, SCOR has reverted the issuing read the full article →

Synpulse launches practice focused on insurance-linked strategies (ILS)

Boutique consulting firm Synpulse, which has been providing services to the broader reinsurance market for over two decades, has now launched a specific practice focused on what it terms the insurance-linked strategies (ILS) market.Synpulse aims to provide a more dedicated service to what it sees as a growing sector where read the full article →

ILS funds face deluge of investor queries due to coronavirus outbreak

At this time of global uncertainty due to the Covid-19 coronavirus outbreak the insurance-linked securities (ILS) fund market is facing a rising demand for investor relations support, as the institutions backing the market, plus those looking at it for potential deployment, ramp up their queries and requests for information.As we read the full article →

EXIM Bank to expand reinsurance use, looks to capital markets

The Export-Import Bank of the United States (EXIM), the official export credit agency of the U.S. and a provider of trade credit insurance, financing, loans and guarantees, is looking to expand on its use of reinsurance risk transfer and is also looking to what the capital markets can offer in read the full article →