Insurance linked securities news, ILS news

Radian Guaranty has returned to the capital markets for its second mortgage insurance-linked securities (ILS) deal, marketing a $562 million Eagle Re 2019-1 Ltd. transaction in search of reinsurance backing from the capital markets.

The announcement that the first French domiciled collateralised reinsurance sidecar vehicle has been successfully structured, capitalised by investors and launched has captured the imagination of some in the insurance-linked securities (ILS) sector.

Both tranches of FEMA’s second flood catastrophe bond are set to price at the top-end of initial guidance, as ILS investors demand a higher level of return from the $300 million FloodSmart Re Ltd. (Series 2019-1) cat bond.

Increasing industry and cedant loss expectations for typhoon Jebi have resulted in another over 50% decline in secondary pricing for the Mitsui Sumitomo Insurance sponsored $200 million catastrophe bond Akibare Re Ltd. (Series 2016-1).

The World Bank is targeting the development of a second iteration of the Pandemic Emergency Financing Facility, an improved PEF 2.0 as it is being called, which it expects to be marketed around May 2020, prior to the maturing of the first transaction.

The 2019 Atlantic hurricane season could see as many as 7 hurricanes according to forecaster Climate Forecast Applications Network (CFAN), who expects that El Niño conditions will weaken and could transition to ENSO neutral by peak hurricane season this year.

Insurance-linked securities (ILS) and reinsurance linked investment funds were once again hit by loss creep in February 2019, causing the group to fall to an average return of -0.05% for the month.

Today we’re delighted to announce the first wave of speakers who will be joining us at ILS Asia 2019, our fourth conference in Singapore. Tickets are available now for this insurance-linked securities (ILS) conference.

Speciality California-based catastrophe exposed property insurer Palomar Insurance Holdings has raised its target for an impending Nasdaq initial public offering (IPO), hoping to raise as much as $110 million at the top-end of its share price estimates.

The 2019 Atlantic Hurricane Season is expected to deliver very slightly below long-term average levels of tropical storm activity, according to industry supported researcher Tropical Storm Risk (TSR).