issuance

In its latest look at the catastrophe bond and insurance-linked securities (ILS) market reinsurer Swiss Re suggests that the tight spread environment seen on cat bond issues through 2013 so far is set to continue. Tighter spreads and lower pricing has been driven by investor demand providing an attractive environment for cat bond sponsors.

There seems to be no slowing down of the momentum that the market for insurance-linked securities and catastrophe bonds has generated in recent months and issuance continues apace into July. Based on figures in our Deal Directory, including two cat bonds still marketing, 2013 ILS issuance has now passed $5 billion.

2013 catastrophe bond market issuance looks set to reach new highs as the second-quarter brings issuance to record levels for the first six months of the year and leaves the market well on its way to achieving $7 billion plus of issuance by the end of the year. Q2 saw $3.35 billion of issuance and […]

Yesterday the Catastrophe Bond Update: First Quarter 2013 report was published by GC Securities, the capital markets specialist arm of reinsurance broker Guy Carpenter which is involved in many recent catastrophe bond deals as a structurer, arranger or bookrunner. In an article we published yesterday, we largely covered the discussion of the growing influence that […]

Thanks to the three latest catastrophe bonds of 2012 which all finished doing the investor rounds and priced this week (Mythen Re Ltd. (Series 2012-2), Atlas Reinsurance VII Ltd and Queen Street VII Re Ltd), the total volume of cat bonds issued this year has already surpassed the total issued in 2011. With more than two […]

Yesterday we wrote our first article about the insurance-linked securities and catastrophe bond market report published by Willis Capital Markets & Advisory (WCMA), the capital market division of global broker Willis. The report covers the cat bond and ILS markets issuance from Q2 of 2012 as well as providing insight into other areas of the […]

We’re now into July and so can report on the volume of catastrophe bonds that were issued during the second quarter of 2012. After a record Q1 the second quarter, while not hitting record levels, has reached a very healthy $2.118 billion of new catastrophe bond issuance according to transactions recorded in our Deal Directory. […]

The huge Everglades Re Ltd. catastrophe bond which completed in April at a record $750m for a single cat bond helped the month become the strongest single month for volume of catastrophe bonds issued since the market began, according to the latest report from Swiss insurance-linked securities investment manager Plenum Investments. Four cat bonds completed […]

The first quarter of 2012 saw record catastrophe bond and insurance-linked security issuance with the total volume of cat bonds and ILS issued hitting $1.493 billion at the end of March. This beat last year’s record Q1 issuance of $1.015 billion by $478m as both regular sponsors and some new issuers pushed the volume of […]

The catastrophe bond and insurance-linked securities (ILS) market looks like it could be on for a bumper year in 2012, according to the positive sentiment from speakers at the recent SIFMA ILS conference in New York. We attended the conference to hear leading participants from the market discuss the issues facing the cat bond and […]