ILS NYC 2025 - Register now, Early Bird rate selling fast!
Here's our latest Friday wrap-up of key news from the week.
The catastrophe bond pipeline continues to build, with new offerings launched today, a $250m Mona Lisa Re deal for RenaissanceRe and a $350m Sanders Re II cat bond for Allstate.
Ariel Re priced its new Titania cat bond to provide it an upsized $325m of retrocession, at reduced pricing.
Reinsurer SCOR secured a new three-year stop-loss retrocession arrangement from the capital markets, backed by a Tier 1 bank.
As a reminder, don't forget to register for next week's webinar, where we will explore capital markets structures for originators, such as sidecars for MGA's.
The UK government is consulting on reforms to its ISPV regime and an accelerated pathway for certain cat bonds.
We also reported on new mutual fund launches from KKR and Capital Group, that has a remit to invest in catastrophe bonds alongside other asset classes.
The Texas Windstorm Insurance Association (TWIA) may need almost $5.8 billion of reinsurance and catastrophe bond limit for the 2025 wind season.
In other news this week, FEMA projected up to $2.5bn NFIP flood insurance losses for hurricane Milton, while also saying it estimates from $3.5 billion to as much as $7 billion of losses for Helene.
Year-to-date, only modest amounts of catastrophe losses would be shared with the investors backing Swiss Re's Alternative Capital Partners (ACP) division, CFO John Dacey said.
Following the recent departure of long-standing ILS employee Daniel Ineichen, Schroders Capital has promoted Flavio Matter, to the position of Head of ILS.
Hannover Re anticipates some retrocession recoveries for hurricane Helene and the European flooding.
RGA boosted its Ruby Re life sidecar capital raise to $480m.
The CEA shrank its risk transfer program by 7% after non-renewing some traditional reinsurance contracts.
While reinsurer Hannover Re intends to shrink the size of its sidecar cession, the company believes there is more up than downside to retaining more risk during these attractive market conditions.
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.
No comments:
Post a Comment