ILS NYC 2025 - Register before the Early Bird rate sells out!
Here's our latest Friday wrap-up of key news from the week.
Activity in the catastrophe bond market remained brisk this week, with new deals from Beazley returning for its second nat cat bond, while a new deal from US insurer SafePoint began marketing, its first industry-index cat bond.
Also in cat bonds, RenaissanceRe secured an upsized $350m of retro from its new Mona Lisa Re cat bond, while Allstate lifted the target for its new Sanders deal by 43% to $500m, reinsurer Mapfre Re lifted the size target for its debut cat bond, and AmFam also increased the size of its latest Four Lakes deal.
German re/insurance group Talanx explained that its debut cat bond, which settled recently, augments its reinsurance protection at a time of growth for the company.
We also discussed the fact well-structured aggregate cover appears increasingly available in the capital markets, which is giving reinsurance buyers some confidence.
This week we announced casualty ILS and parametrics as the focus of two sessions at our upcoming ILS NYC 2025 conference. Register here to secure your place while the Early Bird rate lasts.
We also revealed that RenaissanceRe is set to launch its first UCITS cat bond fund, under the Medici branding.
In other news this week, Florida Citizens is set to target more reinsurance and cat bond backed risk transfer in 2025, pricing allowing.
The World Bank is supporting certain Eastern Caribbean nations on analysing the benefits of cat swaps, catastrophe bonds and more parametric protection.
Ledger surpassed $2bn of casualty ILS transferred to investors recently.
Broker WTW confirmed its expected re-entry to treaty reinsurance broking in a JV with Bain Capital.
J.P. Morgan analysts said their base case for reinsurance pricing in 2025 is for a reversion to 2023 levels.
Swiss Re said it expects global insured catastrophe losses will surpass $135bn for full-year 2024.
MLC Asset Management has seen its ILS portfolio deliver an average return of 7.6% per annum across the last 17 years, Head of Alternatives Gareth Abley has said.
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.
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