reinsurance

Here are the ten most popular news articles, week ending March 10th 2024, 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 U.S. National Hurricane Center (NHC) has delivered its final tropical cyclone report for 2023’s hurricane Otis, putting the minimum central pressure of the storm at 922mb and 929mb at landfall on the Mexican coast, which we’re told still suggests the $125 million IBRD / FONDEN 2020 Class D tranche of catastrophe bond notes face […]

The North Carolina Insurance Underwriting Association (NCIUA) is looking to significantly upsize its latest catastrophe bond transaction, with now $450 million of named storm reinsurance sought from the Cape Lookout Re Ltd. (Series 2024-1) issuance, Artemis has learned.

Seasonal forecasts for tropical storm and hurricane activity issued at this time of year are often seen as needing to be taken with a large pinch of salt, but another early forecast from the ECMWF is seen as particularly aggressive and so worth highlighting, in calling for 17 named storms and 9 hurricanes in the […]

The latest bout of severe and convective weather that affected the Victoria region of Australia back on Valentine’s Day in February, is now estimated to have cost the insurance sector around $104 million, so far.

Another first-time catastrophe bond sponsor has come to market, as Texas headquartered Allied Trust Insurance Company looks to secure $100 million in fully-collateralized named storm reinsurance protection from the capital markets through this Sabine Re Ltd. (Series 2024-1) issuance, Artemis has learned.

The nascent cyber catastrophe bond and insurance-linked securities (ILS) market must grow to support the need for cyber insurance coverage, as traditional reinsurance risk tolerances are reached and the capital markets provides the perfect alternative, speakers at our recent ILS NYC 2024 conference explained.

See updates in this article for the latest outlook for the quarter. Catastrophe bond issuance recorded by Artemis so far in 2024 has already surpassed $2.8 billion and when we include all the remaining cat bonds that are still being marketed and are scheduled to settle before the end of March, the first-quarter 2024 total […]

As per analysis from broker Acrisure Re, the 2023 catastrophe bond issuance season helped to demonstrate the role that the market’s resilience played in stabilising the global reinsurance landscape.

MS&AD Insurance Group Holdings is back in the catastrophe bond market and seeking a $175 million or bigger multi-year source of multi-peril Japanese catastrophe reinsurance protection for its two main Japanese insurance carriers, through a Tomoni Re Pte Ltd. (Series 2024-1) issuance, Artemis has learned.