Reinsurance News
insurance-linked securities
Insurance-linked securities (ILS) are a specialist asset class where capital market investors allocate to instruments exposed to insurance and reinsurance risks.
Read our insurance-linked securities news and analysis below.
QBE closes new $250m catastrophe bond
9th January 2025
QBE, a global insurance and reinsurance group headquartered in Australia, has successfully closed a new catastrophe bond through its special purpose insurer, Bridge Street Re Ltd. As Reinsurance News understands, QBE's two new Bermuda Class 4 entities, QBE Capital Ltd. and QBE Capital (Global) Ltd., served as cedents for the new ... Read the full article
Fidelis secures $375m of collateralized reinsurance via latest cat bond
30th December 2024
Fidelis Insurance Bermuda Limited (FIBL) has successfully closed a new catastrophe bond, Herbie Re Ltd. (Series 2024-2), which provides the firm with $375 million of collateralized reinsurance protection against U.S., DC, Puerto Rico, and Virgin Islands named storm and earthquake risks. This latest transaction marks the sixth series of notes ... Read the full article
Artemis Live: Capital markets structures for originators webinar – Watch the full replay
17th December 2024
Artemis, our insurance-linked securities (ILS) focused sister publication, has now published the full replay of its live webinar on the use of alternative capital sources by originators of insurance risk, which was held on November 21st, 2024, in association with Artex Capital Solutions. More than 830 people registered ... Read the full article
IRB Re gets first ILS structure in Brazil approved by regulator
9th December 2024
The Brazilian insurance regulator, Superintendence of Private Insurance (SUSEP), has approved the country's first insurance-linked securities (ILS) structure, Andrina, sponsored by IRB Re. The authorisation allows Andrina Sociedade Seguradora de Propósito Específico, or Andrina Special Purpose Insurance Company, to issue Letra de Risco de Seguro (Insurance Risk Letters), the designated term ... Read the full article
Artemis Live ILS Market Outlook 2025 webinar – Watch the full replay
27th November 2024
Our insurance-linked securities (ILS) focused sister publication, Artemis, has now published the full video of its ILS Market Outlook 2025 live webinar, during which experts from across the industry dissected the state of the catastrophe bond and broader ILS marketplace with a view to next year. The ... Read the full article
French terror risk pool GAREAT diversifies sources of reinsurance with first catastrophe bond
4th November 2024
GAREAT, the French terrorism risk insurance pool, is sponsoring its first catastrophe bond, Athéna I Reinsurance DAC, to diversify its sources of reinsurance risk capital, as reported by our insurance-linked securities (ILS) focused sister publication, Artemis. Established in 2002 as a public-private partnership market structure, GAREAT, or Gestion de l’Assurance ... Read the full article
Register for Artemis’ live webinar on the use of alternative capital sources by originators of risk
22nd October 2024
Artemis, our insurance-linked securities (ILS) focused sister publication, has partnered with Artex Capital Solutions, the specialist unit of Artex Risk Solutions that creates and manages ILS and related structures, to host a live webinar on the use of alternative capital sources by originators of insurance risk. This ... Read the full article
A quiet Q3, but 9M 2024 catastrophe bond issuance hits $13.2 billion: Report
14th October 2024
Third quarter catastrophe bond and related insurance-linked securities (ILS) issuance was muted at $573 million, but sufficient to take issuance for the first nine months of the year to a new high of $13.2 billion, according to Artemis. Now available to download for free, the Artemis Q3 ... Read the full article
Essent Guaranty closes $363.4m mortgage reinsurance transaction
25th September 2024
Essent Group's wholly-owned subsidiary, Essent Guaranty, has obtained $363.4 million of fully collateralized excess of loss reinsurance coverage on mortgage insurance policies written in July 2023 through to July 2024 from Radnor Re 2024-1 Ltd., a newly formed Bermuda special purpose insurer. Radnor Re 2024-1 Ltd. reportedly funded its reinsurance obligations ... Read the full article
Elementum appoints Andreas von Reitzenstein as SVP, Underwriting
9th September 2024
Elementum, an alternative investment manager, has announced the appointment of Andreas von Reitzenstein as the new Senior Vice President (SVP), Underwriting at its Hamilton office. In his new role, von Reitzenstein will be a key member of the investment team, focusing on underwriting, portfolio management, and origination for Elementum's CRI-inclusive funds. ... Read the full article
Register now for Artemis’ ILS Market Outlook 2025 live webinar
4th September 2024
Our insurance-linked securities (ILS) focused sister publication, Artemis has partnered with Wilmington Trust to host a live webinar on October 31st, 2024, during which four ILS sector experts will discuss the catastrophe bond and broader ILS marketplace. Registration is now open to attend this free Artemis Live ... Read the full article
Record cat bond issuance fuelled growth of broader ILS market: Aon
30th August 2024
Insurance and reinsurance broker Aon has published the 18th edition of its Insurance-Linked Securities (ILS) Annual Report, which highlights a year of exceptional ILS activity, with $17.9 billion in catastrophe bonds issued across 76 transactions. Covering the 12 months ending June 30, 2024, the Aon Securities report notes that record levels ... Read the full article
ILS capacity continues modest expansion amid record cat bond environment: AM Best
19th August 2024
According to a new AM Best report, the capacity level in the insurance-linked securities (ILS) segment continues to grow at a "modest" pace, aligning with market demand rather than exceeding it. As per the rating agency's report, at year-end 2023, the capacity of the ILS market stood at approximately $100 billion. By mid-2024, ... Read the full article
Arch MI secures over $203m of indemnity reinsurance through Bellemeade Re
16th August 2024
Arch Mortgage Insurance Company (Arch MI) has obtained over $203 million of indemnity reinsurance on a pool representing approximately $30.5 billion of mortgages from Bellemeade Re 2024-1 Ltd., its Bermuda special purpose reinsurer. This transaction reportedly covers a portfolio of MI policies issued by Arch MI and affiliates primarily from September ... Read the full article
ILS market set records in H1’24, remains an attractive relative value option: Swiss Re
14th August 2024
After a record 2023, the insurance-linked securities (ILS) market again set records in the first half of 2024, with strong catastrophe bond issuance on the back of robust demand from investors, as the secondary market experienced record high trading volumes, according to reinsurance giant Swiss Re. The latest ILS Market Insights ... Read the full article
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