Private cat bond news

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.

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.

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.

Activity in the catastrophe bond and related insurance-linked securities (ILS) market accelerated again in the second-quarter of 2021, with the three-months seeing an incredible $8.5 billion of new risk capital come to market, according to the latest report and data from Artemis.

A new issuance of privately placed catastrophe bond notes, named after their segregated account as Aquarelle, is likely to be, at $250 million in size, the largest private cat bond or insurance-linked securities (ILS) placement ever issued.

Isosceles Insurance Ltd., the private insurance-linked securities (ILS) and catastrophe bond platform operated by Marsh McLennan and reinsurance broker Guy Carpenter, has issued a new $25 million Isosceles Insurance Ltd. (Series 2021-B1) transaction, the third we’ve listed from the vehicle so far.

The number of privately placed catastrophe bond transactions issued in the first-quarter of 2021 is the most ever recorded for the period and ensured that once again, the dollar-value of issuance from these cat bond lite deals came in above the ten-year average for the period.

The outstanding market size of catastrophe bonds and related insurance-linked securities (ILS) continued to grow in the first-quarter of 2021, reaching new highs of $34.34 billion, based on property cat, life, health and specialty or other line of business cat bonds, or $48.13 billion if you include the mortgage ILS deals we have listed on […]

Issuance of new catastrophe bonds and related insurance-linked securities (ILS) continued apace in the first-quarter of 2021, with the period seeing $4.63 billion of new risk capital come to market, according to the latest report and data from Artemis.

A slew of private catastrophe bonds have had their maturity dates extended this week, as continued uncertainty related to prior period catastrophe loss activity means collateral continues to be held in case of any qualifying losses becoming applicable to the subject reinsurance or retrocession.