Here's our latest Friday wrap-up of key news from the week.
We added more Super Early Bird tickets but there's not long to get one for our Artemis London 2026 conference.
In the catastrophe bond market this week, the pipeline is shortening with hurricane season approaching.
Only one new deal emerged, the second Luca Re fire cat bond from Mercury Insurance.
We revealed that State Farm's new $1.5bn of Merna Re cat bonds provide the insurer with annual aggregate reinsurance.
The US Coastal insurers secured their targeted $100m in named storm reinsurance from the new Chartwell Re cat bond.
Korean Re secured $75 million of multi-peril retrocession from its new Solomon Re issuance.
The California Earthquake Authority is aiming to upsize its new Sutter Re cat bond by one-third to $400m.
In addition, Oak Global priced its debut 144A cat bond, upsizing the offering by 100% to provide $150m of retro.
In other stories this week, with the Florida reinsurance renewals all but completed, Guy Carpenter highlighted 15%-20% declines in property cat pricing across many layers.
We reported on the easing of conditions at Florida's June 1 renewals, resulting in a return of coverage features such as top-and-drop.
Galapagos Capital completed its third issuance of LRS in Brazil, the largest deal under the country's ILS regime so far.
New forecasts for the Atlantic hurricane season continue to point to below-average levels of activity in 2026.
SCOR highlighted its pleasure with the investor support received for its recently priced $75 million Atlas Capital.
While Jamaica's government also thanked the support of global investors for the new $200m IBRD cat bond deal.
Plenum Investments announced that its Plenum CAT Bond Dynamic Fund has crossed approximately USD 600 million in assets.
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.
No comments:
Post a Comment