Insurance linked securities news, ILS news

During the SIFMA ILS conference in Miami yesterday a panel discussed the topic of data centre risk and some of the considerations that need to be kept in mind as the insurance-linked securities (ILS) market looks at these potentially meaningful opportunities.

While loss multiples across recent cyber catastrophe bonds have trended lower, rating agency AM Best suggests that while the novelty premium ascribed to earlier issuances is reducing, it stresses that such a premium has not gone away entirely.

The casualty insurance-linked securities and casualty reinsurance sidecar market is seen as primed for expansion, with speakers at today’s SIFMA ILS conference in Miami saying the aligned nature of the structures and the motivation of cedents to participate all suggest traction will persist.

As the global data centre build-out continues to gain traction across the re/insurance market, insurers are reportedly considering the insurance-linked securities (ILS) market to help support their capacity needs, a shift which follows a record opening quarter of catastrophe bond issuance for reinsurance broker Guy Carpenter, CEO Dean Klisura said today.

Nationwide Mutual Insurance Company is back in the catastrophe bond market with a target to secure $200 million or more in multi-peril reinsurance protection from the capital markets with a new Aquila Re I Ltd. (Series 2026-1)  transaction, its third to use this special purpose insurer, Artemis has learned.

Tower Hill Insurance Exchange is aiming to upsize its new catastrophe bond sponsorship, with the revised target now being to secure as much as $375 million of reinsurance protection against named storm losses in Florida from the Winston Re Ltd. (Series 2026-1) issuance, while pricing has dropped for all three tranches of notes on offer, […]

Ariel Re has now successfully priced its latest catastrophe bond, securing the targeted $125 million of US multi-peril retrocession through its London Bridge 2 PCC Limited (Titania Re 2026-1) issuance that is the reinsurers’ first to utilise the Lloyd’s insurance-linked securities structure, Artemis can report.

The fundamentals underpinning recent and expected future levels of activity in the catastrophe bond market are tremendous according to John Seo of Fermat Capital Management LLC, given which the cat bond market’s growth is absolutely to be expected and absolutely viewed as sustainable, he has explained.

Gálapagos Capital Sociedade Seguradora de Propósito Específico S.A., the Brazil based SSPE or special purpose reinsurance vehicle that can issue Letra de Risco de Seguro (Insurance Risk Letters) and is owned by global investment company Galapagos Capital, has now issued its second arrangement under the Brazilian insurance-linked securities regime.

Artex Capital Solutions, the insurance-linked securities market service provider and insurance management specialist has partnered with legacy and run-off reinsurance specialist Enstar to introduce structured exit options embedded within Artex’s ILS vehicles.