Insurance linked securities news, ILS news

Taiping Reinsurance Company (Taiping Re), a Hong Kong based reinsurer that is part of the state-backed China Taiping Insurance Group, is in the process of sponsoring its first catastrophe bond, with a Silk Road Re Limited transaction set to be issued out of Hong Kong, Artemis can reveal.

QBE, the Australia headquartered global insurance and reinsurance group, is now targeting reduced pricing for its first catastrophe bond sponsorship since 2013, with the spread guidance now lowered for the $250 million Bridge Street Re Ltd. (Series 2025-1) issuance, we understand.

Here are the ten most popular news articles, week ending December 22nd 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.

Catastrophe bond market records are falling in 2024 and set to be beaten on most fronts, with overall issuance recorded in the Artemis Deal Directory reaching a new high of almost $17.7 billion for the year, including a record $17.24 billion of Rule 144A cat bonds, driving a new end-of-year outstanding market record and cat […]

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King Ridge Capital Advisors LLC has been launched as a new insurance-linked securities (ILS) investment manager by sector specialists Rick Pagnani and Vijay Manghnani, Artemis understands. We’ve learned that the new company has already reached a sub-advisory agreement to take on portfolio management duties for the awaited first catastrophe bond ETF.

SafePoint Insurance Company has raised the target size for its latest catastrophe bond issuance, with now between $150 million and $200 million of reinsurance protection sought from capital market investors through the Nature Coast Re Ltd. (Series 2025-1) deal, Artemis can report.

CatX, the digital catastrophe and parametric risk exchange company, has announced another partnership with modelling and risk analytics specialist Verisk, whose catastrophe risk models will be integrated into its platform services.

A recent poll of insurers in the United States, undertaken by broker Aon’s Capital Advisory division, found that within those carriers’ capital management plans for 2025, insurance-linked securities (ILS) and third-party reinsurance capital solutions are a significant feature.

Even with a few consecutive years of ~10% pricing declines, the global property catastrophe reinsurance market can still deliver strong returns to reinsurers as long as terms, attachments and conditions all remain stable, analysts at JMP Securities have said, which would also presumably read across to third-party capital investors.