private insurance-linked securities


Eclipse Re issues $76m of private catastrophe bond notes

Eclipse Re Ltd., a private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform owned and operated by Artex Capital Solutions, has completed two more issuances of private cat bond notes, totalling $76 million of new risk capital issued. The first of these new private ILS deals from read the full article →

ILS market needs to defend improved terms & conditions: Grandi, Twelve Capital

The insurance-linked securities (ILS) market needs to defend the gains it has made in improved terms and conditions, making sure technical underwriting standards are maintained, Marcel Grandi of investment manager Twelve Capital has said. Speaking to Artemis around the 2022 Monte Carlo Rendezvous reinsurance event, Marcel Grandi, Head of ILS Sourcing read the full article →

Private ILS funds deliver average returns for H1 despite Ukraine & loss creep

The first-half of 2022 saw private insurance-linked securities (ILS) funds, so those allocating to collateralised reinsurance, retrocession and other ILS assets, as well as catastrophe bonds, deliver an average performance, in terms of returns to their investors. Over the first-half, private ILS funds tracked by ILS Advisers as part of its read the full article →

Eclipse Re in $8.73m private cat bond issuance

Eclipse Re Ltd., the Artex-managed and operated private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform, has completed the issuance of an $8.73 million Eclipse Re Ltd. (Series 2022-2A) transaction in recent days. This is the second privately placed insurance-linked securities (ILS) transaction of 2022 that we read the full article →

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 →

Eclipse Re issues $75m private cat bond, its first of 2022

Eclipse Re Ltd., the Horseshoe managed private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform, has completed the first issuance we've seen of 2022, with a $75 million Eclipse Re Ltd. (Series 2022-1A) transaction coming to light. The Eclipse Re Ltd. private catastrophe bond and risk transformer 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 →