Insurance linked securities news, ILS news

Articles discussing insurance linked securities (ILS), ILS fund managers, insurance-linked securities funds, insurance-linked security transactions such as catastrophe bonds, and other reinsurance linked investment initiatives.


Allstate looks to cat bonds for $200m Sanders Re occurrence gap fill

US primary insurance giant Allstate is turning to the catastrophe bond market in search of occurrence reinsurance limit to fill out gaps in its program it seems, bringing a $200 million or greater Sanders Re II Ltd. (Series 2021-1) transaction to market. As we explained last week, as well as making read the full article →

Gallagher likely buyer of $3bn Aon – Willis (WTW) divestments: Report

Arthur J. Gallagher is reported to be the likely buyer of a roughly $3 billion divestment package from rivals Aon and Willis Towers Watson (WTW) as the largest merger in insurance and reinsurance broking history continues to move towards a close. It's also being reported that the European Commission is now read the full article →

Florida Citizens aims to near double new cat bond to $950m in size

Citizens Property Insurance Corporationis set to significantly increase the amount of capital market backed reinsurance it has in-force from catastrophe bonds, with its latest Everglades Re II Ltd. (Series 2021-1 & 2021-2) issuances now targeting between $800 million and $950 million of coverage. The not for profit property insurer for the read the full article →

Best of Artemis, week ending 9th May 2021

Here are the ten most popular news articles, week ending 9th May 2021, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish. Ten most read the full article →

Vantage sees Vista Re cat bond as start of a Partnership Capital model

Vantage Risk sees its successful first visit to the catastrophe bond market for its $225 million Vista Re Ltd. (Series 2021-1) cat bond issuance as a step on the road to building what it terms a Partnership Capital model and developing investor relations. As we've been reporting, Vantage entered the catastrophe read the full article →

United (UPC) adds $150m to gross hurricane Irma loss

United Insurance Holdings (UPC Insurance), the Florida headquartered and still focused insurer, has revealed a further $150 million of loss creep related to 2017's hurricane Irma, which the company booked at the end of Q1 2021. At the same time, United (UPC) believes that the rate of litigation related claims inflation read the full article →

TransRe falls to property reinsurance underwriting loss in Q1

TransRe, the reinsurance underwriting brand of the Alleghany Corporation, saw its property reinsurance business fall to an underwriting loss in the first-quarter of the year, as elevated catastrophe claims dented performance. At the same time, TransRe has taken advantage of reinsurance market conditions to significantly expand its property reinsurance portfolio, underwriting read the full article →

USAA’s new $400m ResRe catastrophe bond priced far below guidance

U.S. primary mutual insurance company USAA has seen its latest catastrophe bond, the upsized $400 million Residential Reinsurance 2021 Limited (Series 2021-1) transaction, price far below guidance in the latest sign of elevated cat bond investor demand. USAA returned to the catastrophe bond market with a new Residential Re cat bond read the full article →

AIG’s AlphaCat sees ILS assets shrink $400m to $3.8bn in Q1 2021

American International Group’s (AIG) insurance-linked securities and collateralized reinsurance activities under its dedicated ILS investment manager entity, AlphaCat Managers, were impacted by losses during the first-quarter of the year it appears, while assets under management shrank by almost 10%. Insurance-linked securities (ILS) assets under management at AlphaCat Managers fell by $400 read the full article →

US hurricane insured losses could rise 24%, EU flood 59% by 2050: RMS

Catastrophe risk modelling specialist RMS has said that average annual insurance industry losses from North Atlantic hurricanes could increase by 24% by 2050, while European floods could drive 59% more in insured losses by the same year. This is according to new risk models launched by RMS yesterday, as a suite read the full article →