As investors reimagine 60/40, KKR suggests adding insurance for diversification
As investors consider their options post the US Liberation Day tariff’s announcement and resulting volatility, investment giant KKR anticipates the traditional 60/40 stock and bond portfolio split will be reimagined, with the firm’s Henry McVey suggesting the addition of insurance as an asset class for its diversification benefits. McVey, Head of Global Macro & Asset […]
CEA seeks $250m Ursa Re II 2025-1 cat bond to extend California quake reinsurance
The California Earthquake Authority (CEA) is back in the catastrophe bond market looking for more earthquake reinsurance protection from the capital markets, with an initial $250 million target for what will be its 22nd directly sponsored cat bond, an Ursa Re II Ltd. (Series 2025-1) issuance. This is the California Earthquake Authority’s (CEA) second visit to the […]
Hannover Re upsizes 3264 Re peak peril retro cat bond target to $150m
Large European reinsurer Hannover Re has now upsized its target for its latest catastrophe bond, increasing it to now seek $150 million in retrocession covering US and North American peak perils from the 3264 Re Ltd. (Series 2025-2) issuance, Artemis has learned. Hannover Re returned to the catastrophe bond market at the beginning of the month, initially looking […]
NCIUA’s recent catastrophe bond included integrated disaster-resilience feature
The North Carolina Insurance Underwriting Association (NCIUA) has become the first catastrophe bond sponsor to benefit from an issuance that has disaster-resilience features integrated in it, with its recent $600 million Cape Lookout Re Ltd. (Series 2025-1) the very first cat bond to include an additional resilience feature. As a result, this recent cat bond deal has […]
Black Kite Re II shows ILS can narrow Asia’s protection gap: Peak Re CEO
Following the successful completion of its second catastrophe bond, the $50 million Black Kite Re Limited (Series 2025-1), Franz-Josef Hahn, CEO of reinsurer Peak Re, told us the issuance showcases the “tremendous potential” that insurance-linked-securities (ILS) solutions can play in narrowing protection gaps across Asia. The Hong Kong headquartered global reinsurer returned to the catastrophe bond market […]
Cat bonds offer sustainable investment potential amid rising climate risks: UBS
A recent report from UBS Group’s global wealth management arm has highlighted catastrophe bonds as a growing sustainable investment opportunity, emphasising their role in climate adaptation and financial protection against extreme weather events. While they do not directly prevent disasters, UBS sees them as a crucial tool for helping insurers manage climate risks and for […]
ILS an increasingly viable reinsurance alternative, continued growth expected: Gallagher Securities
The insurance-linked securities (ILS) market is gaining ground as a viable reinsurance alternative, helped by reduced risk premiums, increased confidence in models, lower transaction costs and still-growing investor interest, leading Gallagher Securities to say it anticipates continued growth of the sector. The broker dealer and investment banking arm of reinsurance broker Gallagher Re said that […]
Cat models fundamental to ILS underwriting and risk management: LGT ILS Partners
As climate risk escalates, insurers and reinsurers are increasingly relying on catastrophe modelling to navigate uncertainty. For insurance-linked securities (ILS) managers, these tools go beyond guidance, they are foundational to underwriting discipline, portfolio construction, and investor capital protection, according to a new report from LGT ILS Partners. In a new report, analysis from LGT ILS […]
ILS growth accelerates with surge in new perils: AXA IM’s Divet
As the insurance-linked securities (ILS) market continues to expand, the diversification of risk portfolios has never been more crucial, and according to François Divet, Head of ILS at AXA Investment Managers (AXA IM), the expanding range of perils within the ILS space could help. In an article, Divet highlighted how 2024 was a remarkable year […]
Peak Re’s new Black Kite Re cat bond signals growing maturity of Hong Kong ILS platform
Hong Kong’s Insurance Authority (IA) has welcomed the recent issuance of the latest catastrophe bond sponsored by Peak Re, the US $50 million Black Kite Re Limited (Series 2025-1) transaction, while also noting that the deal represents a sign of the maturity under its insurance-linked securities (ILS) regulatory regime. As we’ve been reporting, Peak Re secured a three-year […]