Here's our latest Friday wrap-up of key news from the week.
The cat bond market pipeline is building. A new entrant this week was People’s Trust Insurance Company which entered the market with its debut issuance.
Repeat issuers also launched new deals, including Louisiana Citizens with its twelfth sponsorship.
Convex is also back, seeking more multi-peril retrocession from its third cat bond.
TWIA also returned, seeking $450m of limit from its latest Alamo Re cat bond deal.
Program and fronting specialist Spinnaker also came back with a new Mountain Re cat bond.
Another returning sponsor is Nationwide Mutual, with a $200m Aquila Re I cat bond offering.
We highlighted that Artemis data shows the cat bond market is on-pace to hit $10bn of settled issuance even faster than it did last year.
In other stories this week, at the SIFMA ILS conference in Miami speakers said the casualty and non-cat ILS market is likely to keep expanding.
Also from the SIFMA ILS event, Dinesh Pawar of Twelve Securis highlighted the investor perspective and considerations regarding the data centre risk transfer opportunity.
John Seo of Fermat Capital Management said during a webinar that the fundamentals underpinning recent and expected future levels of activity in the catastrophe bond market are tremendous.
Enstar and Artex Capital Solutions have partnered to embed exit optionality within ILS vehicles, aiming to solve the trapped capital issue.
Galapagos Capital completed its second Brazil LRS issuance.
Hamilton launched its first casualty sidecar with backing from Sixth Street.
Hannover Re's Silke Sehm and Patrick Horstmann told us that collateralised fronting is the centrepiece of the reinsurers broad ILS offering.
Harry White of PCS, Verisk, explained how the firm is designating and estimating insurance industry losses for perils.
New Mountain Capital highlighted its VictoryRe platform launch and first sidecar for MGA NovaCore.
Jeff Davis of Elementum Advisors said that the cat bond market needs greater efficiency and that talent is key.
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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