Insurance linked securities news, ILS news

US primary insurer Allstate has for the second time lifted the target size of its latest catastrophe bond, with now $650 million in multi-peril catastrophe reinsurance protection sought from the capital markets through this Sanders Re II Ltd. (Series 2024-3) issuance, Artemis can report.

American Coastal Insurance Company has lifted the target size for its latest catastrophe bond, with now up to $150 million in Florida named storm reinsurance protection sought from this new Armor Re II Ltd. (Series 2024-2) issuance, Artemis has learned.

Here are the ten most popular news articles, week ending December 8th 2024, 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.

During the Geneva Association’s media call on Global Risks & Insurance, Darren Pain, Director of Cyber, highlighted his expectation for continued growth in the cyber insurance-linked securities (ILS) market, though he noted this growth is likely to be gradual due to ongoing challenges.

Mapfre Re has increased the target size for the amount of retrocessional reinsurance it hopes to secure from its debut catastrophe bond sponsorship, with the Recoletos Re DAC (Series 2024-1) issuance now aimed for $125m, while at the same time the price guidance has been lowered.

Speaking at a Fitch Ratings event on the development of insurance-linked securities (ILS) in Brazil, Rodrigo Botti, former CFO of IRB and former CEO of Terra Brasis, emphasised a domestic market-first approach, with no intention of competing with other established ILS hubs.

American Family Mutual Insurance Company (AmFam) is now looking to upsize its latest catastrophe bond, with the target size increasing from $175 million to now $250 million in protection from the Four Lakes Re Ltd. (Series 2024-1)  cat bond issuance.

Today, we are delighted to announce that casualty insurance-linked securities (ILS) and investment opportunities in parametric risk transfer structures, will be the focus of two main panel sessions at our upcoming Artemis ILS NYC 2025 conference in New York on February 7th next year.

Having recently secured its debut catastrophe bond, the $100 million Maschpark Re Ltd. (Series 2024-1) parametric earthquake issuance, German re/insurance group Talanx has said that the protection augments its need for reinsurance and to cover earthquake risks in Chile as its business grows.

US primary insurer Allstate is now aiming to upsize its latest catastrophe bond by as much as 43%, as its target has increased to $500 million in multi-peril catastrophe reinsurance protection from the capital markets through its latest Sanders Re II Ltd. (Series 2024-3) issuance, Artemis can report.