Insurance linked securities news, ILS news

US insurance firm Progressive is targeting even more favourable price execution for its latest venture to the catastrophe bond market, with the spread guidance for its new $345 million Bonanza Re Ltd. (Series 2024-1) issuance having fallen further in the latest update, we understand.

The market should expect Swiss Re to continue building out its capabilities across insurance-linked securities (ILS) and alternative reinsurance capital, as the company is benefiting from their growth, while investors in Alternative Capital Partners (ACP) structures have been enjoying “very strong performance”, CFO John Dacey said today.

Munich Re’s collateralised reinsurance sidecar structures grew to $650 million in 2024, as the company elevated its use of retrocession, aligned with its growth in natural catastrophe exposure from its underwriting.

Global reinsurance company Swiss Re said today that its third-party capital markets focused Alternative Capital Partners (ACP) division is supporting its long-term growth trajectory in natural catastrophe risks.

Qube Research & Technologies (QRT), a global quantitative and systematic investment manager that specialises in a technology and data-driven approach to allocation across liquid asset classes, has hired former Schroders executive Daniel Ineichen to lead an insurance-linked securities (ILS) strategy.

Mapfre Re, the global reinsurance company headquartered in Spain, has said it is “very satisfied” with securing its debut catastrophe bond, the Recoletos Re DAC (Series 2024-1) issuance, saying that the deal was positively received by the capital markets.

QBE Insurance Group, the Australia headquartered global insurance and reinsurance company, is back in the catastrophe bond market for the first time since 2013, with a target to secure $250 million or more in retrocession from a Bridge Street Re Ltd. (Series 2025-1) issuance, Artemis has learned.

We’ve now published the full video of our recent Capital markets structures for originators (sidecars for MGA’s) live webinar that was held on November 21st 2024 and featured insurance-linked security (ILS) and reinsurance industry experts discussing the developing trend of risk originators using ILS structures, to source capital markets risk and partnership capacity.

American Family Mutual Insurance Company (AmFam) has now successfully secured the upsized $275 million in collateralized reinsurance protection it targeted from its latest Four Lakes Re Ltd. (Series 2024-1) cat bond issuance, while the risk spreads were priced at the low-end of reduced guidance.

American Coastal Insurance Company (AmCoastal) has now successfully priced its latest catastrophe bond and has secured the Armor Re II Ltd. (Series 2024-2) issuance at its upsized $200 million target, while the spread was finalised below initial guidance.