Insurance linked securities news, ILS news

Ledger Investing, the insurance technology (insurtech) and insurance-linked securities (ILS) focused company, has now surpassed $2 billion in casualty ILS placements with institutional investors.

Beazley, the London headquartered specialty insurance and reinsurance underwriter, is back in the cat bond market with a $150 million target for what will be its second natural catastrophe bond, again using the Lloyd’s owned ILS structure to issue this London Bridge 2 PCC Limited (Fuchsia 2 – 2024-1) deal.

RenaissanceRe has successfully priced its latest catastrophe bond and secured the upper-end target size for coverage from the deal, with the Mona Lisa Re Ltd. (Series 2025-1) issuance now finalised to provide the company $350 million of collateralized retrocessional reinsurance from the capital markets.

The Early Bird rate for tickets to attend our upcoming ILS NYC 2025 conference is still available, but with tickets selling fast we’d urge you to register soon to take advantage of it. Today, we wanted to give you an advance view of the companies you can meet if you attend.

Aon’s Reinsurance Solutions division has announced the hiring of Robert O’Connell as Global Cyber Strategy and Growth Leader, Executive Managing Director, a role that will see him tasked with leading on delivering value to cyber clients, including through the use of cyber insurance-linked securities (ILS).

SafePoint Insurance Company has returned to the catastrophe bond market and is seeking $100 million in reinsurance protection from capital market investors through a Nature Coast Re Ltd. (Series 2025-1) issuance, which is the insurer’s first to target protection on an industry-loss index trigger basis, Artemis can report.

Speaking with a number of reinsurance buyers regarding their outlooks for January 2025 renewals, it’s clear most are resigned to attachment points remaining at or near the more elevated levels set in recent years, but they are hopeful that aggregate coverage will become more available, especially from the capital markets.

Florida’s Citizens Property Insurance Corporation, the state’s insurer of last resort, is currently projecting a need to budget for a larger tower of reinsurance and catastrophe bonds in 2025, with almost $4.5 billion of risk transfer being discussed.

Investing in insurance-linked securities (ILS) has been beneficial for Australian investment firm MLC Asset Management, with its ILS portfolio delivering an average return of 7.6% per annum across the last 17 years, Head of Alternatives Gareth Abley has said.

Signal Iduna Reinsurance Ltd. (SI Re), a Switzerland based reinsurer located in the city of Zug, has promoted its insurance-linked securities (ILS) and retrocession lead Dr Robert Salzmann to become Chief Underwriting Officer and also appointed him to the Executive Board of the company.