private ILS transaction


Artex SAC issues $100m Bricolage private catastrophe bond

Artex Risk Solutions' segregated account reinsurance transformer platform, Artex SAC Limited, has completed another new private catastrophe bond issuance, with a $100 million Artex SAC Limited – Bricolage Notes transaction placed privately with qualified investors. This latest first private catastrophe bond arrangement of 2022 takes issuance of these more privately offered read the full article →

$250m Aquarelle private cat bond gets variable reset at cedent request

Two tranches of privately placed catastrophe bond notes from the $250 million Artex SAC Limited – Aquarelle Notes transaction that came to market in 2021 and was thought to be the largest private cat bond ever, have been through a variable reset process at the request of the ceding insurer. When read the full article →

Aon’s White Rock issues $16.2m Asagao V private cat bond

Aon’s Bermuda domiciled Class 3 and Class C insurer and segregated accounts company White Rock Insurance (SAC) Ltd. has issued a fifth transaction in the Japanese Asagao private catastrophe bond series, with a $16.2 million Asagao V completed. The first Asagao private catastrophe bond, or cat bond lite, came to market read the full article →

Private ILS allow investors to harvest illiquidity premia: Ahmad, Schroders

For investors looking at insurance-linked securities (ILS), in order to gain the full diversifying benefits of an allocation to the asset class, it is important to look to the private ILS and collateralised reinsurance segment as well as catastrophe bonds, Zeba Ahmad, Alternatives Director at Schroders has said. While catastrophe bonds read the full article →

Cat bonds outperform many private ILS portfolios: Frontier Advisors

Insurance-linked securities (ILS) portfolios with predominantly catastrophe bond holdings have on average outperformed many mid- and higher-risk ILS fund strategies that contain private ILS transactions over recent years, according to analysis from Frontier Advisors. Catastrophe bonds typically provide reinsurance or retrocessional protection higher up in the risk tower, so are more read the full article →

Toa Re Europe sponsored the $25m Silver Crane private cat bond

We can now report that it was Toa Re Europe, the Switzerland-based European reinsurance arm of Japanese group Toa Reinsurance Company Ltd., that sponsored the recent $25 million Artex SAC Limited – Silver Crane Notes private catastrophe bond transaction, as it looks to expand its relationships with ILS investor markets. Toa read the full article →

Nuclear liability ILS deals renewed, as investor commits again

A significant institutional investor has again committed to supporting nuclear liability risks in insurance-linked securities (ILS) form, with the renewal of two deals covering risks of corporate nuclear power operators in a format considered akin to a private catastrophe bond. These private nuclear liability risk insurance-linked securities (ILS) transactions first came read the full article →

Artex SAC issues $25m Silver Crane private catastrophe bond

The Artex Risk Solutions owned segregated account reinsurance transformer platform, Artex SAC Limited, has completed issuance of a new private catastrophe bond, with a $25 million Artex SAC Limited – Silver Crane Notes transaction coming to market. This is the first private catastrophe bond arrangement of 2022 that we've seen, following read the full article →

Direct, bilateral sidecars & quota shares a growing piece of ILS market: GC

Direct proportional sidecar and quota share reinsurance or retrocession arrangements are helping that segment of the insurance-linked securities (ILS) market to expand after a few years of challenges, reinsurance broker Guy Carpenter has reported. These bilateral arrangements, between sidecar or quota share sponsor or ceding company and a usually larger institutional 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 →