-
Insurers with SCS exposure reaped fewer benefits but still improved over Q3 2024. -
The issuance will be the fourth deal offered by the Lloyd’s carrier.
-
The shift in multiples is indicative of price softening in the cat bond the past two years.
-
Japanese firm MS&AD acquired 80% of ILS manager Leadenhall Capital Partners in 2019 from another affiliate.
-
The deal provides protection in Europe, after Mapfre Re’s debut bond last year covered US perils.
-
Growth included a $240mn increase in partner capital in DaVinci equity plus debt.
-
The average weighted spread on the deals was 651bps, skewed upward by cyber and wildfire deals.
-
Carriers are grappling with a rush of investor interest in longer-tail lines.
-
A roundup of all the news you need, including Fermat Capital Management’s new MGU Fermat Re.
-
On a nine month basis, fee income was up nearly 30% to $146mn.
-
The reinsurer is the second sponsor opting not to renew cyber coverage in the bond market this year.
-
Mt Logan’s Q3 loss ratio improved by 44.2 points to 11.5% for the quarter.
-
The ratings agency first indicated it would consider a new methodology in March.
-
The single Class A note is offering an initial spread range of 1,050-1,150 to investors.
-
The shuttering of Munich Re Ventures reflected a focus on the reinsurer’s “core offering”.
-
The sponsor has $140mn of cyber cat bond protection maturing in December.
-
The carrier attributed the results to a significant fall in major-loss expenditure.
-
The (re)insurer has a higher-than-average Jamaican market share.
-
Hole will spearhead the launch of the underwriting and analytics platform.
-
One William Street priced its debut cat bond 13% below the midpoint of guidance.
-
The largest net individual loss was January’s California wildfires at EUR615mn.
-
As the P&C market shifts, carriers are looking for growth from acquisitions.
-
The charity said that improved ecosystems could help protect from disasters.
-
A roundup of all the news you need, including The Fidelis Partnership’s new syndicate.
-
Insurance penetration varies, but hotels have “near-total” coverage and strong limits.
-
The ILS start-up was founded in January by Hanni Ali and Peter Dunlop.
-
Pre-tax income at the vehicle was $30mn in the first nine months of 2025.
-
The reinsurer-linked manager now offers three ILS funds encompassing private ILS and cat bonds.
-
The storm devastated Jamaica and Cuba, but insurance penetration on the islands is low.
-
The sponsor has $200mn of cat bond protection maturing in December this year.
-
The firm said this was due to planned returns of capital to ongoing investors.
-
Cassis joins from Swiss Re, where she was a senior ILS structurer since February 2022.
-
Brant Loucks is one of four promotions across the Capital Partnerships and reinsurance units.
-
Total yield is down from 11.18% in the last week of October 2024.
-
Widespread underinsurance and low exposures will limit losses.
-
Covea’s Hexagon IV Re deal priced 13% below the initial target on a weighted average basis.
-
Since 2007, the Caribbean country has received $100.9mn in payments from the CCRIF.
-
Total gains for the year reached 7.71%.
-
Some experienced investors are pivoting out of cat bonds and into the top layers of private ILS deals.
-
Many commercial risks will have London coverage, but insured values are relatively low.
-
A roundup of all the news you need, including The Fidelis Partnership’s new syndicate.
-
CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
-
The French reinsurer improved its P&C combined ratio by 7.4 points to 80.9%.
-
The syndicate is expected to write ~$300mn of business in 2026.
-
Operating revenues were also up on the $29.1mn reported over Q2.
-
O’Donnell believes RenRe is well positioned to produce longer-tail risk to third-party investors.
-
Third-party investors made a net income of $415mn in the quarter.
-
Hurricane warnings are in place for Guantanamo, Holguin and Las Tunas.
-
Economic losses from the Cat 5 storm could run 30%-250% of the country’s GDP.
-
Central pressure of 900mb or below would trigger a full loss of the $150mn deal.
-
The legacy cover will backstop policies written by its North American insurance business.
-
A US landfall is not expected, but the storm could hit the Bahamas by Friday.
-
Pricing on Friday implied a potential $45mn loss to the bond, before the storm outlook deteriorated.
-
So far this year, there have been 11 first-time sponsors to place a deal.
-
Competition on price from traditional markets is weighing on bond market momentum.
-
The storm could bring flooding to Jamaica, Cuba and Haiti.
-
A roundup of all the news you need, including our exclusive on the California Fair Plan.
-
The insurer of last resort’s exposure was $696bn as of last September.
-
The bond will provide protection against US wind with a PCS trigger.
-
The sidecar was launched today by the Bermudian reinsurer and investment firm Carlyle.
-
The cedant’s current deal is due to mature at the end of January 2026.
-
The capital will provide retro cover for life-focused reinsurer Fortitude Re.
-
Majority shareholder Fosun will continue to hold the remaining 86.7% of shares.
-
Spreads on USAA’s latest deal priced below comparative issuances in 2023-2024.
-
Investor interest is warming up following a colder spell over the past several years.
-
EMEA CEO Laurent Rousseau said reinsurance must retain its relevance to investors.
-
The executive is charged with defrauding investors out of nearly $500mn.
-
A roundup of all the news you need, including our exclusive on Calpers’ ILS entry.
-
While rates have “definitely come down,” they were coming off a high base, Rachel Turk said.
-
Nine-month insured losses still exceeded $100bn due to California wildfires.
-
The award of the mandates marks the California public pension plan’s entry into ILS.
-
The reinsurer stressed it “did not shy” from cat business in 2023.
-
ILS has been a driver of innovation in reinsurance, Convergence 2025 attendees heard Wednesday.
-
Mory Katz joined the broker earlier this year.
-
The carrier will continue to write assumed retro in Bermuda.
-
Guy Carpenter will rebrand as Marsh Re, as a new central tech/operations unit is created.
-
The funds will combine credit and ILS holdings.
-
Ryan Saul will work at Ledger’s broker-dealer subsidiary Ledger Capital Markets.
-
The hire is the hedge fund manager’s third ILS appointment in the past year.
-
Key topics include private ILS growth prospects and the longevity of longtail interest.
-
Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
-
Newsom has yet to sign a pending bill to create a public cat model.
-
Returns from cat risk investments stood at 20.1% for the year to 30 June 2025.
-
A cat-focused vehicle is “the missing piece” of Hannover Re’s ILS offerings, said Silke Sehm.
-
The allocation is around 3% of the fund’s total assets.
-
Jonathan Rinderknecht was arrested Tuesday on destruction of property charges.
-
The insurer of last resort currently has $2.15bn of cat bond protection on risk.
-
Toh joins from Nephila, where he spent the last decade, bringing expertise in ILS.
-
The alternative asset manager was founded in 2021 with offices in London, New York and Abu Dhabi.
-
Founder and CEO of Nascent Andre Perez will join Sephira’s board of directors.
-
It is understood around $1bn of premiums could be ceded to the proposed vehicle.
-
Sources have said $1bn+ of fresh capital from the region is expected to be deployed in 2026.
-
Seller White Mountains will retain a roughly 15% fully diluted equity stake.
-
Improved performance and growing investment returns played a role in the upgrade.
-
A roundup of all the news you need, including Augment and Cohen’s ILS facility.
-
The business has been ~70% owned by White Mountains since January 2024.
-
The executive has worked at Aon for almost two decades.
-
The figure comprises 5.48% of insurance discount margin and 3.96% of risk-free rate.
-
The facility will initially focus on US, Bermudian and European business.
-
Spectrum joins investors ForgePoint, Hudson and MTech.
-
Pricing has hit historically soft market lows, based on secondary market pricing.
-
Winds have strengthened to 80 mph, and the hurricane is expected to intensify further over the next 48 hours.
-
The vehicle will now cover an E&S program jointly launched with Accredited.
-
Bellal Rahman joins from Catalina Life Re, where he was head of finance for two years.
-
The manager’s largest ILS holding is in the cat-bond-heavy High Yield fund.
-
Cat bonds have outpaced the returns on private strategies in the year to date.
-
Marlon Williams will focus on the placement of reinsurance and retro business.
-
The new Verisk SCS model is increasing expected losses on aggregate bonds.
