mortality catastrophe bond

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Asia-Pacific mortality gap hits US $83tn, suggests role for ILS & insurtech

An estimated 75% of households in the Asia Pacific region will face financial stress in the event of the death of the main breadwinner, according to research from Swiss Re. The reinsurance firms recent research highlights the significant lack of uptake of life insurance products in the Asia Pacific region, as read the full article →

Covid-19 could drive increased life ILS opportunities: ILS Asia 2020

Overall, the impacts of the ongoing Covid-19 pandemic are expected to be positive for opportunities in the life insurance-linked securities (ILS) space, according to Luca Tres, Partner, Head of Life, Securis Investment Partners. Life ILS, the somewhat less prevalent side of the global ILS sector, continues to expand as investors become read the full article →

S&P takes Vita Capital VI mortality bond off negative watch as Covid-19 outlook improves

The first catastrophe bond rating action caused by the Covid-19 coronavirus pandemic has now been resolved and reverted, as S&P Global Ratings affirmed Swiss Re’s late 2015 Vita Capital VI Limited (Series 2015-1) transaction and removed it from a negative watch. The mortality catastrophe bond which featured a single $100 million read the full article →

Life ILS outlook positive despite Covid-19, says Securis’ Luca Tres

The ongoing Covid-19 pandemic is expected to have a limited impact on the life insurance-linked securities (ILS) sector, and despite the outlook for life insurance markets being downgraded, the future looks positive for life ILS. This is according to Luca Tres, Partner at Securis Investment Partners, who in a recent interview read the full article →

Swiss Re’s Vita Capital VI mortality bond on negative watch on Covid-19: S&P

The first catastrophe bond rating action due to the Covid-19 coronavirus pandemic is unsurprisingly related to one of the few mortality cat bonds left in the market, Swiss Re's late 2015 Vita Capital VI Limited (Series 2015-1) transaction, which has been put on a negative watch by S&P Global Ratings. The read the full article →

Swiss Re gets $255m hurricane & mortality Matterhorn Re cat bond

Reinsurance firm Swiss Re has now successfully secured $255 million of hurricane and mortality risk retrocessional protection with its latest Matterhorn Re Ltd. (Series 2020-2) catastrophe bond transaction. This transaction was launched recently to investors and settled yesterday, as Swiss Re continues to put third-party capital at the heart of its read the full article →

Swiss Re targets $275m of hurricane & mortality cat bond cover

Reinsurance giant Swiss Re is back with a second catastrophe bond for 2020, seeking up to $275 million of retrocessional protection with a Matterhorn Re Ltd. (Series 2020-2) transaction that will cover it against certain losses from U.S. named storms and hurricanes, as well as extreme mortality exposures. This will be read the full article →

Highly bespoke, private deals the future of life ILS: Luca Tres, Securis

The ongoing transformation of the life insurance-linked securities (ILS) sector is driving a shift towards more private, highly customised deal structures designed to provide investors with a truly decorrelated, attractive investment, says Luca Tres, Head of Life at Securis Investment Partners LLP. “It is one of the not that many cases read the full article →

Comet Pension Scheme adds more insurance-linked investments

The Comet Pension Scheme, a closed defined benefit pension fund, is set to allocate more capital to insurance-linked securities (ILS) as part of a new discretionary alternatives mandate that includes some ILS, adding to an allocation it already had with ILS manager Leadenhall Capital Partners. The Comet pension scheme first allocated read the full article →

Vita Capital VI mortality bond remains $100m, prices below mid-point

Global reinsurance firm Swiss Re's latest catastrophe bond, the Vita Capital VI Limited (Series 2015-1) extreme mortality transaction, has remained at $100 million in size and the coupon pricing has been fixed at just below the middle of initial guidance. Swiss Re's new Vita Capital deal, its first mortality cat bond read the full article →