private insurance-linked securities

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Cat bond lite issuance continues apace in 2021

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. Artemis’ Q1 2021 catastrophe bond read the full article →

Private & bilateral sidecar ILS deals on the rise: Willis Re

The growth of direct quota share transactions between institutional investors and global insurance or reinsurance companies are on the rise, according to broker Willis Re. The reinsurance broker believes that 2021 is seeing a resurgence of the private or bilateral reinsurance sidecar arrangement and that this is enabling some large institutional read the full article →

Twelve Capital & Hannover Re linked private cat bonds extended

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. Many private cat bonds have seen their read the full article →

Hannover Re uses Kubera for life ILS issuance. Life ILS volumes pass $1bn

Global reinsurance firm Hannover Re has been expanding its activities in life insurance-linked securities (ILS), with its life ILS volumes passing $1 billion and a recent deal tapping its Kubera Insurance (SAC) Ltd. as an issuer to transact with life ILS investors. In fact, Hannover Re's expanding life ILS operations are read the full article →

Time right for ILS to enter cyber reinsurance market: Chatterjee, Envelop Risk

The evolution of the cyber reinsurance sector has seen a significant shift in market structure to something much more palatable for providers of insurance-linked securities (ILS) capacity, according to Ari Chatterjee, Chief Underwriting Officer (CUO) at Envelop Risk. Prior to 2020, cyber risk exposure was on the rise globally amid the read the full article →

Life ILS increasingly relevant due to pandemic & regulatory/economic landscape: Luca Tres, Securis

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 read the full article →

ILS capacity can support nuclear third-party liability risks: EC study

A European Commission study looking at the insurability of nuclear third-party liability risks (NTPL) and availability of capacity to support them, found that insurance-linked securities (ILS) market capital would be available, under the right structures and terms. The European Commission study on nuclear third-party liability risks was undertaken during 2018-19 and read the full article →

Schroders raises $420m for new Life Insurance-Linked Security (ILS) fund

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 newly-launched Life Insurance-Linked Security (ILS) fund, Life Insurance Linked II, offers its investors a way to gain significant diversification against traditional asset classes, read the full article →

Cyber ILS need to be repeatable, scalable & sensible: Johansmeyer, PCS

The increasingly sophisticated participants within the insurance-linked securities (ILS) market aren’t going to lap up just any cyber exposure that comes their way, the deals have to make sense, according to Tom Johansmeyer, Head of PCS. Cyber risk is a rapidly growing exposure which can accumulate in ways that suggests the read the full article →

Artex vehicle issues $30m Tenby private cat bond transaction

The Artex Risk Solutions owned segregated account reinsurance transformer platform, Artex SAC Limited, has completed issuance of the first private catastrophe bond seen from the vehicle in 2020, with a $30 million Artex SAC Limited – Tenby Notes transaction. Issuance of this private cat bond, or private insurance-linked securities (ILS) arrangement, read the full article →