Mortality catastrophe bond news

Global reinsurance company Swiss Re is back in the capital markets in search of protection for its life reinsurance business, with a new Vita Capital VI Limited (Series 2021-1) mortality catastrophe bond deal that aims to secure $75 million or more of extreme mortality protection.

The arrival of a global pandemic accelerated transformations already taking place across the re/insurance industry, which in turn has created an opportunity for certain insurance-linked securities (ILS) market participants to play a greater role, according to Luca Tres, Partner leading the global life origination and structuring efforts at Securis Investment Partners.

Global investment manager Schroders has raised $420 million of capital from third-party institutional investors for a new life insurance-linked securities (ILS) fund strategy that it has launched.

The potential impacts of a second wave of the COVID-19 pandemic on mortality, as well as how vaccines and other factors play into this, was modelled for in the recent La Vie Re Limited (Series 2020-1) mortality catastrophe bond issuance, RMS has explained.

Insurance-linked securities (ILS) and catastrophe bond investors were supportive of the first mortality bond to feature an indemnity trigger, according to Willis Re Securities who structured and placed the deal.

Securian Financial recognises the capital efficiencies gained from becoming the first U.S. direct writer of life insurance to tap into the capital markets for reinsurance protection using a mortality catastrophe bond, after its $100 million La Vie Re Limited (Series 2020-1)  transaction completed.

Life insurer and part of the Securian Financial Group, Minnesota Life Insurance Company is set to benefit from $100 million of capital markets backed reinsurance protection with its first mortality catastrophe bond, as the La Vie Re Limited (Series 2020-1)  transaction has now been priced towards the upper-end of guidance.

Price guidance has narrowed towards the upper-end of the marketed range for the new La Vie Re Limited (Series 2020-1) mortality catastrophe bond transaction from life insurer and part of the Securian Financial Group, Minnesota Life Insurance Company.

A new mortality catastrophe bond transaction is in the market, as life insurer and part of the Securian Financial Group, Minnesota Life Insurance Company looks to the capital markets for $100 million of more of mortality related life reinsurance through a La Vie Re Limited (Series 2020-1) deal.

Reinsurance Group of America (RGA) has explored a variety of ways of transferring mortality risks related to pandemics off its books, including capital markets backed instruments such as catastrophe bonds.