ILS NYC 2025 - Register before the Early Bird rate sells out!
Here's our latest Friday wrap-up of key news from the week.
In the catastrophe bond market this week, QBE returned targeting $250m of retro from a Bridge Street Re cat bond, its first time in the market since 2013.
Allstate secured its second largest cat bond ever, with a $650m new Sanders deal pricing.
Reinsurer Mapfre Re also finalised its Recoletos Re cat bond at an upsized $125m, with the company highlighting its pleasure at strong investor support today.
Other cat bond deals upsized and priced down this week, including from American Family Insurance securing $275m of protection American Coastal Insurance securing $200m, Liberty Mutual lifting its cat bond size to $325m, and Progressive is targeting an upsized $345m cat bond at reduced pricing as well.
This week we announced more speakers for our upcoming ILS NYC 2025 conference. Register here to secure your place while the Early Bird rate lasts.
Brazil has seen its first ILS structure authorised by the regulator, with Andrina sponsored by reinsurer IRB Re and now ready for use.
In other news this week, former Schroders ILS exec Daniel Ineichen has joined a systematic and quantitative investment house named QRT to lead an ILS strategy for the firm.
We published the full video from our recent webinar on Capital markets structures for originators (sidecars for MGAs).
Allianz has sponsored a life and annuity focused reinsurance sidecar named Sconset Re Ltd., while MetLife secured institutional backing for a Chariot Re vehicle in Bermuda.
Dirk Schmelzer of Plenum Investments, believes catastrophe bond funds can deliver high single-digit to low double-digit returns in 2025, on a no loss basis.
BMO analysts said property cat reinsurance rates could fall up to 10%, but retro could fall by as much as 20% at the Janaury renewals.
TWIA's board approved an upsized budget for reinsurance and cat bond spend in 2025.
Farsight Partners agreed a $1bn life and health ILS investment partnership with asset manager AB CarVal.
Aon promoted Ciaran Healy to the role of Global Captive Leader, also with responsibility for the management of insurance-linked securities (ILS) and protected cell structures as well.
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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