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Beazley launches $45 million cyber catastrophe bond
9th January 2023
Specialist insurer and reinsurer Beazley has launched a $45 million cyber catastrophe bond, providing the carrier with protection against "remote probability catastrophe and systemic events", opening up a much larger source of capital for the firm, according to a report by the Financial Times. It's been described as the first cyber ... Read the full article
Inigo prices its second catastrophe bond of the year
15th December 2022
Inigo has priced its second catastrophe bond of the year, securing the company a further $110 million of capital markets backed reinsurance protection. A statement from the firm said Montoya Re II closed this week and is a $110m transaction covering North American named storms and earthquakes. It responds on an ... Read the full article
9M catastrophe bond issuance above-average: Report
5th October 2022
Catastrophe bond and related insurance-linked securities (ILS) issuance was particularly quiet in the third-quarter of 2022, but combined with a solid first-half of the year for the market, helped issuance for the nine-month period come in above-average at more than $8.9 billion, reports Artemis. The Q3 2022 ... Read the full article
Swiss Re launches catastrophe bond focused investment adviser
4th August 2022
Global reinsurance giant Swiss Re has enhanced its insurance-linked securities (ILS) offering with the launch of Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC), a new investment advisory entity with a particular focus on catastrophe bonds. According to Swiss Re, its new and wholly owned subsidiary, SRILIAC, adopts an investment strategy that ... Read the full article
“Demand for catastrophe bonds outpacing industry’s ability to meet them” – Aon
8th July 2022
Aon’s latest Reinsurance Market Dynamics: June and July Reinsurance Renewals says that the current demand for catastrophe bonds is outpacing the ability of the industry to supply them. According to the report, the current situation has arisen because insurers and reinsurers have turned increasingly to alternative capital markets to supplement traditional ... Read the full article
Wave of new sponsors help Q2 catastrophe bond issuance hit $5.2bn: Report
5th July 2022
Artemis' second-quarter 2022 catastrophe bond and related insurance-linked securities (ILS) market report pegs issuance at approximately $5.2 billion for the period, which takes the outstanding market to a new high of $38.2 billion. The Artemis Q2 2022 Catastrophe Bond and ILS Market Report, which examines 27 transactions ... Read the full article
SCOR sponsors new catastrophe bond
1st June 2022
SCOR has sponsored a new catastrophe bond called Atlas Capital Reinsurance 2022 DAC. According to the firm, the new bond will provide the group with a multi-year risk transfer capacity of $240m to protect itself against named storms in the U.S. and earthquakes in the U.S. and Canada, as well as ... Read the full article
SURE closes $150m private placement catastrophe bond
10th May 2022
Coastal property reciprocal insurer SURE has closed a $150m private placement catastrophe bond transaction. A statement from the firm said that it has entered a three-year reinsurance arrangement with Gateway Re, a newly established Bermuda special purpose insurer, which will provide SURE with indemnity-based hurricane and named storm protection in Alabama, ... Read the full article
Inigo launches Montoya Re catastrophe bond
5th April 2022
Inigo has completed its first catastrophe bond deal, a Montoya Re Series 2022-1 transaction through which it has secured peak catastrophe peril reinsurance capacity from capital market investors. The cat bond was launched 1 April and is a $115m transaction covering earthquake and windstorm risk in the US, Canada, and ... Read the full article
Pool Re sponsors second catastrophe bond
17th February 2022
UK government-backed terrorism reinsurer Pool Re has returned to the capital markets to renew its Baltic terrorism cat bond in a £75 million deal. The Baltic PCC Limited (Series 2022-1) cat bond issuance will follow on from Pool Re’s first cat bond issuance in 2019, which matures at the end of ... Read the full article
Catastrophe bond market reaches $12.5bn – Aon
25th January 2022
Catastrophic bond issuance reached a huge $12.5bn in 2021, according to insurance and reinsurance broker Aon. This, said the broker, beats the previous record of $11bn, which was set in 2020. Paul Schultz, CEO of Aon Securities, said in a statement: “In addition to growth in scale, catastrophe bonds have evolved to ... Read the full article
2021 marks a record year for catastrophe bond issuance: Report
6th January 2022
Catastrophe bond and related insurance-linked securities (ILS) issuance reached a huge $14 billion in 2021, representing year-on-year growth of 15%, reports Artemis. The latest quarterly report on the catastrophe bond and related ILS market, which examines issuance in the fourth-quarter and full-year 2021, is now ... Read the full article
Catastrophe bonds & related ILS to break records in 2021: Report
5th October 2021
Catastrophe bond and related insurance-linked securities (ILS) issuance was strong in the third-quarter of 2021, setting a new quarterly record at more than $2.6 billion, according to the latest report and data from ILS-focused sister site, Artemis. Artemis' latest quarterly report on the catastrophe ... Read the full article
Generali sponsors first green catastrophe bond
28th June 2021
Generali has entered into a collateralised multi-year reinsurance agreement with Lion III Re DAC, an Irish designated activity company, that provides cover for losses from windstorms in Europe and earthquakes in Italy over a four year period. As a result, Lion III Re DAC has issued a single tranche of notes ... Read the full article
Ariel Re sponsors its first 144a catastrophe bond
18th June 2021
Bermudian reinsurer Ariel Re is sponsoring its first 144A index-triggered catastrophe bond, which is being issued by Bermuda special purpose insurer Titania Re. Titania Re will provide $150 million of multi-year collateralised reinsurance protection to Ariel Re structured using an indexed industry loss trigger. The company's inaugural cat bond provides it ... Read the full article
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