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Here's our latest Friday wrap-up of key news from the week.
This week we analysed our catastrophe bond market data, to report that 2024 will be a second consecutive year of record primary cat bond issuance, if the pipeline all completes as targeted.
This became apparent as three new cat bond deals joined the pipeline, a new Herbie Re for Fidelis that could be its largest yet, a debut Recoletos Re cat bond for Mapfre Re, and a new Bonanza Re deal for Progressive.
In addition, Talanx secured the targeted $100m of parametric quake protection, as it priced its debut Maschpark Re cat bond.
While RenaissanceRe's target size for its new Mona Lisa Re cat bond increased to $300m.
We also reported on a new multi-manager ILS fund launch from Italian asset manager Quaestio Capital.
You can now watch the full video of our recent ILS Market Outlook 2025 live webinar here.
In other news this week, we discussed capital in the reinsurance system again, as Berenberg said rising cat losses could absorb any excess.
COP29 came to a close and we reported on progress in key initiatives of relevance to reinsurance and ILS markets.
A study by Euler ILS Partners and Tropical Storm Risk shows that making ILW hedging decisions based on early season hurricane forecasts can deliver outperformance.
PGGM, allocating on behalf of pension fund PFZW, added $175m to its investment in RenaissanceRe managed joint-venture vehicle Vermeer Re during Q3.
UCITS cat bond funds averaged 12.1% returns by Nov 15th, while the ILS Advisers Index of ILS funds saw positive October returns despite hurricane Milton.
Lloyd's expects the markets' losses from hurricanes Helene and Milton to fall towards the lower-end of a $1.8 billion to $3.4 billion range.
Cat bonds are increasingly viewed as a socially responsible impact investment, accrding to a paper from Man Group.
Finally, if you haven't seen them, Artemis has a wealth of data and analytics on the catastrophe bond and broader ILS market. View our charts and Deal Directory.
Catch up on our video interviews with ILS market leaders here.
If you prefer to listen, subscribe to our podcast series for audio interviews & additional special episodes.
We'll be back next week with more regular coverage.
We hope you have a safe & relaxing weekend.
