private insurance-linked securities


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 →

Sidecar capacity – demand outpacing supply: Shiv Kumar, GC Securities

Demand for alternative reinsurance capacity to support sidecars and quota share structures is outpacing supply, according to Shiv Kumar who explained that the reinsurance sidecar market has grown despite facing challenges in recent years. According to GC Securities numbers the private collateralized quota share and reinsurance sidecar market now makes up read the full article →

Investor appetite for cat bonds strong, rising for peak peril private ILS: Steiger, Twelve Capital

Appetite for insurance-linked securities (ILS) investments is rising according to Twelve Capital's Florian Steiger, who sees interest in catastrophe bonds as still strong despite recent tightening of spreads, while interest in peak peril private ILS and collateralised reinsurance is on the rise. Speaking with Artemis in a recent interview, Steiger, who 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 →

$250m Aquarelle deal could be largest private cat bond ever

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. At least, this new $250 million Artex SAC Limited – Aquarelle Notes transaction is read the full article →

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 →