Here's our latest Friday wrap-up of key news from the week.
This week, we reported on the launch of new catastrophe bond offerings from two particularly long-standing sponsors, French reinsurer SCOR and the Japanese mutual Zenkyoren, as well as the launch of a fourth cat bond offering for Great American Insurance.
In addition, we reported that Hannover Re has renewed and upsized its Cumulus parametric cloud outage catastrophe bond deal.
Elsewhere in the cat bond market, Sompo Japan finalised its new $150m Sakura Re 2025-1 cat bond at the low-end of price guidance.
Pool Re secured its third Baltic terrorism cat bond deal, pricing it closer to the upper-end of guidance.
Insurtech Kin highlighted the substantially lower pricing it achieved with its latert Hestia Re cat bond.
While, SafePoint is seeking to upsize its new Nature Coast Re cat bond at reduced pricing and Florida Peninsula is also targeting an upsized Palm Re issuance for 2025.
In other news, the ILS Advisers Fund Index again shows a broad dispersion in ILS fund performance for February.
The first video from our ILS NYC 2025 conference is now available to view, with a private ILS focus and featuring market leaders.
We discussed the potential for a reinsurance earnings mega-trend, suggesting that sustaining the return environment for longer is more likely if re/insurers embrace the capital markets rather than competing with them.
US mutual cat bond strategy the Ambassador Fund and Swiss manager distributed the Icosa Cat Bond Fund both reached $428m in assets under management recently.
The CEA revised a guideline for its cat bond issues, meaning it won't have to buy insurance to indemnify certain service providers when it next taps the capital markets for reinsurance.
We reported that Allstate's aggregate cat bonds are considered to look safer given the annual risk period finishes at the end of this month.
Mark Gibson, of Schroders Capital, said that ILS investments stand out for their unique ability to remain uncorrelated with broader financial markets.
Kepler Absolute Hedge said in a report that catastrophe bond investments continue to be compelling.
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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