Catastrophe bond news

Conditions in the catastrophe bond market look positive still in 2021, as year-end fast approaches, with both the pipeline for new cat bond issuance and the capital flows to cat bond fund managers healthy, signalling a favourable bond market environment, according to Aon.

The London Bridge Risk PCC insurance-linked securities (ILS) structure that enables quota share access to the Lloyd’s insurance and reinsurance market for third-party investors helps to “simplify” investment structures for the first backer of a deal, Ontario Teachers’ Pension Plan (OTPP).

After another year of significant catastrophe loss activity, relative performance is set to be the important measure amongst ILS managers, and for 2022, Securis Investment Partners sees an opportunity to target retrocession, which it believes is ripe for reimagining.

The Insurance Task Force (ITF), an initiative working as part of His Royal Highness The Prince of Wales’ Sustainable Markets Initiative (SMI), is exploring the potential for catastrophe bonds to play a role in a resilience focused Kenyan agricultural insurance solutions to cover drought risks.

In explaining the impact of climate change on hurricanes, risk modeller Karen Clark & Company explains that intensity of tropical cyclones has risen with a warming climate, leading it to believe hurricane losses may already be elevated by 11% due to climate change, with as much as another 19% increase possible by 2050 if warming […]

AXIS ILS, the insurance-linked securities and third-party reinsurance capital arm of global specialty player AXIS Capital, has made a new senior hire in adding experienced ILS executive Kyle Freeman to its team.

Catastrophe bonds and other insurance or reinsurance related solutions can be a bridge between the private capital markets and humanitarian project funding needs, according to David Howden, CEO of Howden Group.

US primary insurance carrier Allstate is back with its latest catastrophe bond, a $350 million Sanders Re II Ltd. (Series 2021-2) transaction and this deal will provide the insurer with both multi-peril per-occurrence and aggregate reinsurance protection across a range of named perils.

Covéa Group, the French mutual insurance society, is back in the catastrophe bond market with a new Hexagon III Re Pte. Ltd. (Series 2021-1) transaction targeting €200 million of reinsurance from the capital markets to cover losses from some of its peak perils and with the deal being issued out of Singapore.

Twelve Capital Management, the Zurich-headquartered catastrophe bond, insurance-linked securities (ILS) and reinsurance linked investment fund manager, has announced some organisation changes as it positions itself for future growth.