Hannover Re secures upsized $200m aggregate retro from 3264 Re 2025 cat bond
Hannover Re has now secured its upsized target for $200 million of retrocession covering worldwide peak perils on an annual aggregate basis, from its new 3264 Re Ltd. (Series 2025-1) cat bond transaction, Artemis has learned. The reinsurance company ventured back to the cat bond market earlier this month, with an initial target to secure $175 million in […]
Swiss Re prices Matterhorn Re 2025-1 cat bond for $210m retro at reduced spreads
Swiss Re has now secured $210 million in North American earthquake and named storm retrocessional reinsurance protection from capital market investors through its new Matterhorn Re Ltd. (Series 2025-1) catastrophe bond, while both tranches of notes have priced at the bottom of reduced guidance, Artemis has learned. Swiss Re returned to the cat bond market with what is […]
Larger ILS market to offer broader risk management, more diversification: Jefferies
With the catastrophe bond and insurance-linked securities (ILS) market expected to continue growing by analysts at investment bank Jefferies, they say that this will necessitate a continued expansion further into new and secondary perils, to offer broader risk management for re/insurers and an increasingly diversified investment choice for allocators. In a recent report, the Jefferies […]
ILS market growth, attractive allocation opportunities expected in 2025: LGT Capital Partners
LGT Capital Partners believes that 2025 should see continued growth of the insurance-linked securities (ILS) asset class, as well as attractive allocation opportunities, against a backdrop of rising demand for protection across the insurance and reinsurance industry. This rising demand for protection is being met by an increased supply of capacity, but LGT Capital Partners […]
Hannover Re now seeks up to $200m of aggregate retro from 3264 Re 2025 cat bond
Hannover Re is now seeking an upsized $200 million in broad retrocession covering worldwide peak perils on an annual aggregate basis, from its new 3264 Re Ltd. (Series 2025-1) cat bond transaction that is in the market, Artemis has learned. The reinsurer returned to the cat bond market earlier this month, with an initial target to secure $175 […]
Catastrophe bond prices move again on LA wildfires, ~$200m write-down so far
On Friday some catastrophe bonds saw further negative secondary market price movements due to potential exposure to aggregate attachment erosion, or actual losses, from the Los Angeles and Southern California wildfires. Here we detail the latest information we have on names that experienced the most meaningful moves in the last week. As we’ve been reporting, official […]
CEA targets $200m of quake reinsurance with Ursa Re 2025-1 catastrophe bond
The California Earthquake Authority (CEA) has returned to the catastrophe bond market to sponsor its first issuance since late 2023, seeking $200 million or more in multi-year collateralized California earthquake reinsurance protection from the capital markets through this Ursa Re Ltd. (Series 2025-1) issuance. The CEA last sponsored a catastrophe bond in December 2023 and in that […]
ILS market remains attractive and should deliver strong returns in 2025: Cambridge Associates
According to Joseph Tolen, Senior Investment Director in the Credit Investment Group at Cambridge Associates, the insurance-linked securities (ILS) market “continues to be attractive and should deliver strong returns in 2025.” In a recent report for Cambridge Associates, Tolen wrote that, “demand for additional catastrophe coverage from insurers has kept the market firm, which has […]
Amundi US cat bond fund returned 14.27% in year to Oct 31st, AUM growth continues
Amundi US Investment Management has reported that its Pioneer CAT Bond Fund strategy delivered a 14.27% return in the year to October 31st 2024, while assets under management in the strategy have continued to expand through the end of the year. Back in late November, we had reported that Amundi US’ most recently launched dedicated […]
CEA mulls second-event tower, with potential role for reinsurance / cat bonds
The California Earthquake Authority (CEA) is discussing the need for either a pre-funded subsequent or second-event funding tower (with risk transfer and reinsurance perhaps a part of it), or the infrastructure for one, that would support its functions after a significant earthquake loss that depletes its claims paying ability. Recognising the very real risk that […]