industry loss trigger

Allianz Risk Transfer (ART), the specialist and alternative risk focused unit of the Allianz global insurance and reinsurance group, is back in the catastrophe bond market seeking at least $100 million of annual aggregate and industry loss index based protection with a Blue Halo Re 2022 cat bond issuance.

The recently completed $175 million Titania Re Ltd. (Series 2021-2)  catastrophe bond issuance is an example of Ariel Re showing its “commitment to delivering value” to all parties, according to the reinsurance firm’s CEO Ryan Mather.

Global reinsurance firm Ariel Re has successfully upsized its latest catastrophe bond issuance and also secured attractive pricing for it, as the coupon for the $175 million of notes to be issued by Titania Re Ltd. (Series 2021-2) has now settled below the initial guidance.

Global reinsurance firm Ariel Re is aiming to upsize on its latest catastrophe bond issuance to benefit its Lloyd’s of London Syndicate 1910, with the target for its Titania Re Ltd. (Series 2021-2) retro industry loss cat bond deal now increased to $175 million.

Global reinsurance firm Ariel Re is back in the insurance-linked securities (ILS) market seeking another catastrophe bond to benefit its Lloyd’s of London Syndicate 1910, with a $150 million Titania Re Ltd. (Series 2021-2) retro industry loss deal.

In the latest new product roll-out to its specialty insurance and reinsurance lines loss reporting services, Property Claim Services (PCS) will now provide data on worldwide aviation loss events.

An increase in use of PERILS industry loss triggers in industry-loss warranty (ILW) transactions focused on European windstorm risk, plus the buoyant catastrophe bond market, have helped to drive PERILS-based limits at risk up 11% to US $3.2 billion, as of the end of August.

The recently completed $150 million Titania Re Ltd. (Series 2021-1) catastrophe bond is an important part of Ariel Re’s strategy, according to the reinsurance firm’s CEO Ryan Mather, who also said that partnership with ILS investors is beneficial to the company,  its clients and its owners.

Global reinsurance firm Ariel Re has now finalised its first catastrophe bond to benefit its Lloyd’s of London Syndicate 1910 with a price drop of roughly 14%, as the coupon was fixed at the low-end of reduced guidance for its $150 million Titania Re Ltd. (Series 2021-1) retro cat bond.

The first catastrophe bond that will benefit reinsurance firm Ariel Re’s Lloyd’s of London Syndicate 1910 looks set to see its pricing fall by roughly 10%, as the marketed spreads dropped on the Titania Re Ltd. (Series 2021-1) retro cat bond.