reinsurance

IQUW, the rebranded ARCUS 1856 Syndicate at Lloyd’s, has made some additions to its reinsurance team, including the appointment of Helen Thornton from Nephila Capital as Chief Financial Officer (CFO) of its Bermuda reinsurance operation and Group Head of Finance.

Louisiana Citizens Property Insurance Corporation, the non-profit residential and commercial property insurer for those who cannot access private market insurance in the state, eventually secured its latest Catahoula II Re Pte. Ltd. (Series 2022-1) catastrophe bond to provide it $175 million of capital markets backed reinsurance.

The new Yosemite Re Ltd. (Series 2022-1) catastrophe bond that will protect Core Specialty-owned insurers under the StarStone brand to begin has now been priced at a slightly reduced $65 million in size, with a coupon at the top-end of guidance, Artemis can report.

US primary insurer The Hanover Insurance Group, Inc. is out in the market seeking its first ever catastrophe bond, with a $100 million Commonwealth Re Ltd. (Series 2022-1) deal that targets US named storm reinsurance protection for the company.

Florida’s primary property insurance carriers that are reliant on reinsurance still face an “existential challenge” as global reinsurance firms remain reluctant to assume risks in the state, AM Best has said.

Global insurance and reinsurance company Everest Re is back in the catastrophe bond market, seeking $250 million or more in industry loss based aggregate retrocession, through a new Kilimanjaro III Re Ltd. (Series 2022-1) transaction.

Here are the ten most popular news articles, week ending June 5th 2022, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.

The first tropical storm of the 2022 Atlantic hurricane season is expected to be named shortly, with the remnants of Pacific hurricane Agatha now having reorganised over the Gulf of Mexico and expected to shortly be named tropical storm Alex, with Florida the next land mass in its path.

Today, we’re delighted to open registration for Artemis’ first ever insurance-linked securities (ILS) conference in London. Tickets are now on-sale for Artemis London 2022, which we’re holding in the City on September 6th 2022.

Heritage Insurance Holdings, Inc., the Florida headquartered but nationally expansive property and casualty insurer, has reported the full placement of its reinsurance program for 2022, which includes the company’s first catastrophe bond transaction since 2017.