Catastrophe bond news

The four new private deals from the Kane SAC Limited Note Program private ILS issuance platform, which Artemis covered early today here, all provide cover for unnamed U.S. property catastrophe risks and feature industry loss index triggers.

The continued and accelerating growth of the insurance-linked securities (ILS) and catastrophe bond market demonstrates the increasing acceptance of ILS as an alternative asset class, according to the world’s largest reinsurer Munich Re.

The greater range of options available to cedants from insurance-linked securities (ILS) and catastrophe bonds, along with increased sophistication of solutions, ensures a positive outlook for the ILS market in 2015, according to Aon Benfield Securities.

Four new private insurance-linked security (ILS) or catastrophe bond deals, totaling $125.84m, issued through global independent insurance manager Kane’s private ILS platform, the Kane SAC Limited Note Program, have listed in Bermuda.

The seventh in our series of articles involving leading figures from insurance-linked securities (ILS) and reinsurance on the market as it moves into 2015 features Paul Schultz, Chief Executive Officer of Aon Benfield Securities.

Rating agency Standard & Poor’s has now published its pre-sale report and preliminary rating for the recently launched $200m Vitality Re VI Ltd. (Series 2015-1) health insurance-linked securities (ILS) deal from life and health insurer Aetna.

Continued investor appetite for catastrophe bonds and insurance-linked securities (ILS), alongside growing confidence in their use as an alternative to reinsurance, could see the cat bond market hitting $9 billion of issuance in 2015, according to WCMA.

While both the average rate-on-line and the excess return of insurance-linked securities (ILS) and catastrophe bonds declined considerably in 2014, it was at a slower rate than that seen in 2013, according to the latest report from Lane Financial.

The sixth in our series of articles featuring leading figures in insurance-linked securities (ILS) and reinsurance on the market as we move into 2015 features Bill Dubinsky, Head of Insurance-Linked Securities at Willis Capital Markets & Advisory.

Samir Shah, a Senior Vice President at major global primary insurance group AIG, has moved to a new role as Head of Capital Markets for the insurer, perhaps signaling an increased focus at AIG on leveraging the capital markets for reinsurance.