Catch up on our top stories of the last week
Best of Artemis, week ending December 1st 2024 | | |  ILS NYC 2025 - Secure your Early Bird tickets soon! - Catastrophe bond market set for record issuance in 2024, if pipeline completes
It's official. If the current pipeline of new deals all complete before year-end, at their current targeted sizes or larger, then the catastrophe bond market will set a new record for primary issuance in 2024 of roughly $16.54 billion, according to Artemis' Deal Directory data. - Mapfre Re targets $100m US wind retro from debut Recoletos Re catastrophe bond
Mapfre Re has entered the catastrophe bond market for the first time, with a target to secure $100 million in annual aggregate US named storm retrocession from the capital markets with its debut Recoletos Re DAC (Series 2024-1) issuance, Artemis has learned. - Rising catastrophe losses absorb excess capital in the reinsurance system: Berenberg
As losses from natural catastrophe and severe weather continue to rise around the world, analysts at investment bank Berenberg believe this means there is "no excess capital buildup among the traditional reinsurers," leading them to anticipate a "strong-for-longer" reinsurance cycle. - Italian asset manager Quaestio launches ILS fund-of-funds strategy with €130m
Quaestio Capital SGR S.p.A., an Italian asset manager based in Milan, has launched its first insurance-linked securities (ILS) fund strategy and has raised €130 million for it, with a plan to invest across catastrophe bonds and private ILS arrangements through a multi-manager, fund-of-fund allocation approach. - OAK Re Syndicate 2843 approved to underwrite from 1/1, backed by Bain & Hampden
Oak Reinsurance (OAK Re) has been approved to begin underwriting in the Lloyd's market through its Syndicate 2843 from 1/1 2025 and is launching with private equity backing from Bain Capital and private capital support from Hampden Agencies. - Adjusting ILS exposure for July hurricane forecast can deliver excess returns: Euler, TSR study
Making adjustments to the exposure of insurance-linked securities (ILS) portfolios based on inputs gleaned from the early July hurricane season forecast can drive opportunities to generate excess returns in reinsurance, according to a study from Euler ILS Partners and Tropical Storm Risk (TSR). - Fidelis sponsoring sixth and largest Herbie Re catastrophe bond to-date
Fidelis Insurance is back in the catastrophe bond market and seeking to sponsor what will be its sixth Herbie Re catastrophe bond, with a target to secure its largest issuance yet as the Herbie Re Ltd. (Series 2024-2) transaction targets more than $300 million in retrocessional reinsurance for the company. - COP29 ends with Loss and Damage fund progress, strategic direction set for Global Shield
COP 29, the United Nations Climate Change Conference held in Baku, Azerbaijan, has drawn to a close with agreement on certain areas and progress being made on the much-discussed Loss and Damage, as well as the Global Shield, two programs of some relevance to insurance, reinsurance and insurance-linked securities (ILS) markets. - UCITS cat bond funds average 12.1% YTD return to Nov 15th
The group of catastrophe bond funds in the UCITS format have already reached a year-to-date return of 12.1% by November 15th, as the Plenum CAT Bond UCITS Fund Indices continues to demonstrate the very attractive returns possible from cat bond investments. - ILS fund Index returns 0.81% for October 2024 despite hurricane Milton: ILS Advisers
Reflecting the ability of the majority of the market to absorb initial mark-to-market losses from hurricane Milton within just a number of weeks, the broad benchmark index for insurance-linked securities (ILS) funds, the Eurekahedge ILS Advisers Index, delivered a positive 0.81% return for the month of October 2024. | Featured Conferences & Events | Reinsurance News is a our sister service which delivers the reinsurance news that matters directly through our responsive website and by email to your inbox. This single daily email contains the most important reinsurance news, hand selected by an experienced team of researchers and journalists with years of reinsurance industry experience. | Stay in touch with Artemis | | | | |
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