industry index

Catastrophe data aggregator and industry-loss reporting service provider PERILS AG is to expand its coverage for severe convective storm (SCS) events and begin reporting insurance industry losses for SCS events in Europe, Japan and New Zealand.

Over time, the returns per-unit of risk from catastrophe bonds have, on average, declined faster for industry-index deals, resulting in a divergence between the at-issuance spreads delivered by cat bonds featuring industry-loss triggers versus the rest of the market, data from Man Group shows.

With global political instability spelling a rise in Strike, Riot, and Civil Commotion (SRCC) events, PCS (a division of Verisk) has highlighted the urgent need for a robust risk assessment and transfer tool or, SRCC index.

Nephila Capital, the insurance-linked securities (ILS) investment manager owned by Markel, has now successfully secured $90 million in aggregate industry-loss index based retrocessional reinsurance for its flagship Lloyd’s syndicate 2357, through its Atela Re Ltd. (Series 2024-1) catastrophe bond issuance.

Artemis understands that the price guidance has been updated at elevated levels for both tranches of the Atela Re Ltd. (Series 2024-1) catastrophe bond that is being sponsored by Nephila Capital to provide retrocession for its flagship Lloyd’s syndicate 2357.

Spreads for industry-loss index trigger catastrophe bond instruments have declined or tightened so much in recent months that indemnity cat bonds now look relatively more attractive for the first time, which necessitates a rethink about how cat bond portfolios are constructed, according to Florian Steiger, of Icosa Investments.

Nephila Capital, the insurance-linked securities (ILS) investment manager owned by Markel, is in the catastrophe bond market seeking $100 million or more in aggregate industry-loss index based retro reinsurance for its flagship Lloyd’s syndicate 2357, through an Atela Re Ltd. (Series 2024-1) cat bond issuance.

Catastrophe bond transactions can utilise a range of different types of triggers as points of measure to define whether they have experienced a loss or not. The types of triggers used by cat bond deals have changed over the years the market has existed as some come into favour and others receive less attention. A […]