Reinsurance News
Your search for “catastrophe bond”
Pure property catastrophe bonds push market to record high in 2020: Report
4th January 2021
More than $11 billion of pure property catastrophe bond issuance, alongside another active year for mortgage insurance-linked securities (ILS) deals, helped the catastrophe bond and related ILS marketplace break records in 2020, according to Artemis. The recently published Q4 2020 catastrophe bond and ILS market report from our sister ... Read the full article
Q3 catastrophe bond & ILS issuance above-average at $1.63bn: report
2nd October 2020
The latest catastrophe bond and insurance-linked securities (ILS) market report from our sister publication, Artemis, shows that despite the challenges of the ongoing COVID-19 pandemic, issuance levels remained above-average in the third-quarter of 2020. Available to download now, the report, ‘Q3 ... Read the full article
FEMA targets additional catastrophe bond coverage for NFIP
31st January 2020
The US Federal Emergency Management Agency (FEMA) is seeking a further $300 million of flood protection from the capital markets with its third catastrophe bond issuance, FloodSmart Re Ltd. (Series 2020-1). This is the third time FEMA has looked to secure flood reinsurance protection from the capital markets for its National ... Read the full article
Hamilton Re enters catastrophe bond market with $60mn US multi-peril deal
20th June 2019
The reinsurance arm of Bermudian firm Hamilton Insurance Group, Hamilton Re, has announced that via its Hamilton Capital Partners unit, it has sponsored its very first catastrophe bond transaction, a $60 million Easton 2019-1 deal. Hamilton Re has sponsored its first cat bond through the issuance of the Series 2019-1 Principal ... Read the full article
M8.0 earthquake could trigger Peru’s catastrophe bond
28th May 2019
A magnitude 8.0 earthquake struck Peru on Sunday 26th of May, with reports suggesting that it could trigger the IBRD CAR 120 catastrophe bond. The earthquake's epicentre was in a fairly sparsely populated region of the Amazon, although reports do state that it's the strongest quake to hit the country in more ... Read the full article
Singapore targets ILS with issuance of first catastrophe bond
27th February 2019
For the first time in the history of the catastrophe bond market, a transaction has been issued out of Singapore, underlining the potential of the insurance-linked securities (ILS) market in the region. The deal, Orchard ILS Pte Ltd, is sponsored by Insurance Australia Group (IAG) as part of its 2019 catastrophe ... Read the full article
Q3 catastrophe bond issuance highest ever at $1.6bn: Willis Re
6th November 2018
Catastrophe bond issuance was at a record-high during the third quarter of 2018, totalling $1.6 billion, which exceeded the former Q3 record of $1.4 billion in 2013, according to the new insurance-linked securities (ILS) Market Update from Willis Re. The Q3 total is also well ahead of the $800 million five-year ... Read the full article
Swiss Re places Frontline’s debut $350m catastrophe bond
11th July 2018
Swiss Re Capital Markets has successfully structured the issuance of a $350 million insurance-linked security transaction by Frontline Re on behalf of Frontline Insurance, the largest for a Florida insurer since 2014. "Swiss Re is pleased to provide support to Frontline on its debut catastrophe bond issuance,” commented Jean-Louis Monnier, Co-Head of ... Read the full article
Catastrophe bond & ILS market is going from “strength to strength”
10th July 2018
Catastrophe bond and insurance-linked securities (ILS) issuance was at the second highest level ever recorded during the second-quarter of 2018, with $5.16 billion generated from 26 deals and 46 tranches of notes, according to Artemis' Q2 2018 Catastrophe Bond & ILS Market Report. When combined with the record-breaking level ... Read the full article
Mexico secures $360 million of catastrophe cover with World Bank cat bond
4th August 2017
Mexico has secured $360 million of protection against earthquake and tropical cyclone risks via a catastrophe bond transaction from the World Bank, which has now completed. The deal is structured into three tranches, with one providing protection against Mexico earthquakes, one against Atlantic tropical cyclones, and one providing coverage against Pacific ... Read the full article
The World Bank issues $420m parametric cat bond for the Government of Mexico
17th April 2024
The World Bank has issued $420 million in catastrophe bonds for renewed disaster risk protection for the Government of Mexico. The cat bond, which will finance insurance coverage against named storm events along the Atlantic coast of Mexico and earthquake events, will be issued by the International Bank for Reconstruction ... Read the full article
SageSure and SURE close $130m second and subsequent event cat bond
16th April 2024
SageSure, an MGU focused on catastrophe-exposed markets, and SureChoice Underwriters Reciprocal Exchange (SURE) have closed the Gateway Re 2024-2 second and subsequent event catastrophe bond at $130 million. The issuance marks SURE’s second successful visit to the global insurance-linked securities (ILS) market this year, following the recently closed $250 million ... Read the full article
American European partners with ShoreOne to complete $125m cat bond
12th April 2024
American European Insurance Company and ShoreOne Insurance Managers, Inc. have revealed their successful sponsorship of the $125 million Charles River Re Ltd. Series 2024-1 catastrophe bond. American European is entering into a reinsurance contract with Charles River Re Ltd. which offers protection against named storms for business written by ShoreOne on ... Read the full article
Slide secures $210m cat bond with closing of Purple Re Ltd.
10th April 2024
Slide Insurance, a technology enabled insurance firm, has finalised pricing for its $210 million Purple Re Ltd. (Series 2024-1) catastrophe bond, the biggest catastrophe bond yet from the company to date. From what Reinsurance News understands, Purple Re Ltd. provides 40% more in fully collateralized reinsurance than the initial target ... Read the full article
Hamilton secures $200m of named storm & quake retrocession with new cat bond
15th March 2024
Bermuda-headquartered Hamilton Insurance Group, Ltd. has sponsored a new catastrophe bond, providing the firm with $200 million of retrocession from the capital markets to protect against U.S and territories named storm and North American earthquake risk. Easton Re Ltd. (Series 2024-1) is the second catastrophe bond sponsored by Hamilton Insurance ... Read the full article