Here's our latest Friday wrap-up of key news from the week.
This week we reported that Pool Re secured its targeted £100m of terrorism retrocession from its fourth Baltic PCC cat bond.
Allied Trust Insurance also finalised its second cat bond, securing $100m of named storm reinsurance from the Sabine Re deal.
Zurich entered the cat bond market for the first time since 2012, targeting $125m of protection from a Turicum Re issuance.
Olympus Insurance lowered the price guidance for its $100m-$150m debut Abacab Re cat bond.
Florida Peninsula came back to market with a $150m Palm Re cat bond deal.
While, American Coastal is targeting $200m of multi-peril protection from its latest Armor Re II cat bond.
We also reported on new private cat bonds from Hannover Re's Kaith Re, and from Artex's Axcell Re structure.
In other stories this week, USAA is adding a retained quota share layer to the stated reinsurance for some of its annual aggregate cat bonds due to an SCS model update.
Howden Re said that the reinsurance market needs secondary trading to enhance capital efficiency.
Lloyd's said it wants to make it even more flexible for capital to enter the market, while investments via London Bridge PCC hit $2.9bn.
PartnerRe's results show how it is adjusting its third-party capital strategy, with less use of the Lorenz Re structure last year.
Twelve Securis said that in a normalising ILS market, manager execution quality is increasingly important.
Investment manager Arrow Global launched a new strategy to bring specialty insurance returns to investors.
Nephila Capital's two longest-standing syndicates at Lloyd's reported higher profits, Syndicate 2357 and Syndicate 2358.
Mark Gibson of Schroders Capital explained that blending public and private ILS is essential to moderate structural trade-offs.
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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