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Private cat bonds hit new record $1bn+, as Eclipse Re issues $277m

Eclipse Re Ltd., the Horseshoe managed private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform, has issued four more private cat bond series of notes, together totalling $277 million, which now take private cat bond issuance above $1 billion so far in 2021. It's turned into another read the full article →

Recent Isosceles private cat bond covers motor insurance risks

Sources have told us that the recently issued $21.5 million Isosceles Insurance Ltd. (Series 2021-H) private catastrophe bond transaction provides reinsurance coverage for a motor insurance portfolio. Isosceles Insurance Ltd., or Isosceles Re as it's also known, is a private insurance-linked securities (ILS) and catastrophe bond issuance platform operated by Marsh read the full article →

Eclipse Re in $45.2m issuance, takes private cat bonds to $740m in 2021

Eclipse Re Ltd., the Horseshoe managed private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform, has issued four new tranches of cat bond notes, totalling roughly $45.2 million, with the four tranches potentially part of the same reinsurance or retrocession program arrangements. Including these latest issues, from read the full article →

Isosceles Insurance ILS platform issues new $21.5m private cat bond

Isosceles Insurance Ltd., the private insurance-linked securities (ILS) and catastrophe bond issuance platform operated by Marsh McLennan and reinsurance broker Guy Carpenter, has completed another transaction, with a $21.5 million Isosceles Insurance Ltd. (Series 2021-H) issued. The Isosceles Insurance Ltd. (or Isosceles Re as it's known) ILS issurance platform was established read the full article →

Cat bond market sets new record as 12-month issuance soars

The catastrophe bond and related insurance-linked securities (ILS) market has set another new record, as the amount of issuance we've recorded across a twelve-month period to end of September 2021 reached a new all-time-high. The catastrophe bond market has been experiencing elevated levels of activity over the last year, helped both read the full article →

Catastrophe bond issuance still on record pace after Q3: Report

Catastrophe bond and related insurance-linked securities (ILS) issuance continued at record pace through the third-quarter of 2021, with over $2.7 billion of new risk capital issued and the market now well on-track to beat all its records in 2021, according to the latest report and data from Artemis. Our latest quarterly read the full article →

Private cat bond issuance maintains momentum after strong start to 2021

So far this year, 21 privately placed catastrophe bond transactions have been issued with a combined value of more than $672 million, which is almost double the volume witnessed for the entirety of 2020, as shown by the Artemis Deal Directory. A private placement, or cat bond lite transaction offers both read the full article →

GC / MMC’s Isosceles ILS platform issues $32.75m of private cat bonds

Isosceles Insurance Ltd., the private insurance-linked securities (ILS) and catastrophe bond issuance platform operated by Marsh McLennan and reinsurance broker Guy Carpenter, has issued three new tranches of notes, that together total just over $32.75 million of private cat bond notes. The Isosceles Insurance Ltd. (or Isosceles Re) platform was set read the full article →

Mercury gets $50.7m CA wildfire cat bond via Aon’s Randolph Re platform

Mercury Insurance, a California headquartered property casualty insurer, has secured $50.7 million of California wildfire reinsurance protection through a Randolph Re (Series 2021-1) private catastrophe bond issued using Aon's platform. This is the second transaction to come to light that has used broker Aon’s private catastrophe bond issuance and placement platform read the full article →

$68m Asagao IV parametric cat bond issued by Aon’s White Rock

A fourth Asagao private catastrophe bond transaction has come to light, with the nearly $68 million Asagao IV transaction the latest to be issued by insurance and reinsurance broker Aon’s Bermuda domiciled Class 3 and Class C insurer and segregated accounts company White Rock Insurance (SAC) Ltd. It appears this is read the full article →