Twelve Securis gates flagship cat bond fund to maintain integrity as it grows
Specialist insurance-linked securities investment manager Twelve Securis has put in place a temporary restriction on new subscriptions to its flagship Twelve Cat Bond Fund, as the manager looks to manage flows as the strategy reaches a new record size. Twelve Securis said in an update to investors seen by Artemis that the Twelve Cat Bond […]
Cyber & Parametric ILS gain momentum as cat bond market evolves: AM Best
The insurance-linked securities (ILS) market is continuing to evolve beyond traditional catastrophe bonds, with growing issuance in cyber and parametric segments, reflecting efforts to close protection gaps and provide alternative risk transfer solutions, according to a new report from AM Best. While indemnity-based catastrophe bonds still heavily dominate the market, AM Best highlights the rising […]
Cat bonds structurally sound and increasingly attractive to investors: JANA
Catastrophe bonds are increasingly gaining ground with institutional investors and provide a compelling source of diversification and income at this time, according to Martin Rea, Senior Consultant at JANA Investment Advisers Pty Limited. Writing in a recent article in the Journal of Superannuation Management, Rea explains that in an environment where “traditional beta is less […]
Economic volatility & tariff turmoil will elevate pension funds desire to diversify
In an increasingly volatile and uncertain financial world where the investment landscape has been exposed to unpredictable shocks, pension funds have been among the most affected by equity market declines and this is expected to further heighten the desire to diversify their asset portfolios. Stock market indices across major economies have fallen in the wake […]
The level of cat bond and parametric work we’re doing is exceptional: Aon CEO
Having reported another quarter of double-digit revenue growth for its catastrophe bond and insurance-linked securities (ILS) related activities, Greg Case the CEO of broking giant Aon also highlighted parametric risk transfer as another area he sees activity levels as exceptional in. Reporting its first-quarter results today, Aon disclosed 4% organic revenue growth in its Reinsurance […]
Catastrophe bond issuance already on-track to surpass record for first five months
Even with a few days to run of the fourth month of the year, catastrophe bond market issuance in 2025 is already on-track to set a new record for issuance through May, as the pipeline of new cat bond deals continues to build. With new catastrophe bond issuances that have completed and settled this week, […]
Terrorism risk could gain further traction in the cat bond market: Man Group
As the catastrophe bond market continues to evolve, the inclusion of non-natural catastrophe risks like terrorism could become increasingly appealing to insurance-linked securities (ILS) investors seeking to optimise their portfolios, according to Man Group. In a recent commentary, global independent alternative and active investment management firm Man Group highlighted how the cat bond market is […]
Peak Re secures second Black Kite Re catastrophe bond at targeted $50m size
Peak Re has now successfully priced its second catastrophe bond with the Black Kite Re Limited (Series 2025-1) issuance set to provide the targeted $50 million of retrocession across Japanese typhoon and earthquake risks on an industry-loss basis, as well as China and India earthquakes using a parametric trigger. The Hong Kong headquartered global reinsurance company returned to […]
Zenkyoren’s new catastrophe bond the first ever to use ADB note as collateral asset
The recent $100 million Nakama Re Pte. Ltd. (Series 2025-1) catastrophe bond sponsored by Zenkyoren, the Japanese National Mutual Insurance Federation of Agricultural Cooperatives, was the first ever cat bond issuance to utilise bonds issued by the Asian Development Bank (ADB) as collateral assets. Being a fully-collateralized reinsurance arrangement to provide Zenkyoren with multi-year protection against earthquakes […]
Reinsurance returns still strong, growth a rational view: J.P. Morgan
Returns in the reinsurance market are still strong despite softening at recent renewals and this is driving some reinsurers to seek out growth while the opportunity remains, which analysts at J.P. Morgan call a rational view. Traditional reinsurance firms have been building their reserve buffers through the hard market for just such an eventuality, a […]