-
The total yield is down 114bps from 9.94% compared to the final week of 2024. -
The broker deal has projected cat bond new issuance of $19bn-$21bn for 2026.
-
The carrier first issued Phoenix in 2021 with a size of $42mn.
-
The index returned 10.4% for the 11 months to the end of November.
-
The Aon Cat Bond Total Return Index delivered gains of 11.6% in 2025.
-
Investor appetite for bonds is exerting pressure on traditional retro providers, according to Gallagher Re.
-
Both lower multiples and potential Fed rate cuts will pressure returns.
-
New issuance will be supported by new sponsors as well as over $13bn in maturities.
-
The ILS AuM in its flagship cat funds rose 13% over the half year to $6bn as of 31 October.
-
The ILW segment shrank in 2025 to around $6bn, the broker estimated.
-
Q2 was the largest quarter for issuance, with $9.6bn of limit placed.
-
The transition reflects ongoing growth at Swiss Re’s ILS platform, the firm said.
-
The placement showed investor preference for slightly riskier aggregate deal.
-
The fund limits positions in aggregate structures exposed to secondary perils.
-
Reinsurers could use retained earnings to target growth and buy more retro.
-
Cat bond market growth has exceeded broker-dealers' 2025 forecasts by some distance.
-
This was the second issuance completed by Farmers via its Bermuda reinsurance vehicle Topanga Re.
-
The Italian asset manager also plans to relaunch its multi-strategy ILS fund.
-
The finance committee discussed shifting market dynamics as tort reform takes effect.
-
CA Fairplan’s Golden Bear Re deal upsized 200% to $750mn.
-
PoleStar Re Ltd 2026-1 includes three sub-layers, which run for a three-year term.
-
The note is paying a spread of 975bps, 11.3% below the midpoint of the initial guidance range.
-
Man AHL Cat Bond Strategy has $1bn in assets, around 2% of Man AHL Partners’ total of $54bn.
-
The TPA approach to investing was adopted by US pension fund Calpers last month.
-
The total yield is down 162bps from 10.31% in the last week of November 2024.
-
Migdal Insurance placed its debut cat bond Turris Re for $100mn of quake limit.
-
The European ETF launch has benefited from the performance of the Brookmont US cat bond ETF.
-
The sponsor is offering two notes but will only place one depending on market interest.
-
Secondary market pricing implies the sponsor could recoup a total of $50mn on the 2022-1 A note.
-
One fund tracked by the index had a negative month.
-
The fund held $10mn in AuM, with $3mn the minimum investment required.
-
North Carolina Farm Bureau raised $500mn with its latest Blue Ridge Re cat bond deal.
-
Demand for top layer coverage may also need to be supported by underlying market growth.
-
The single note is offering an effective coupon of 23.5% at the midpoint of guidance.
-
Assets under management in UCITS cat bond funds stood at $17.8bn as of 7 November, according to data from Plenum Investments.
-
The cat bond market is on course for $56bn of notional outstanding by the end of this year.
-
The two funds feed into the $892.5mn Schroder IF Flexible Cat Bond Fund.
-
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.
-
The deal provides protection in Europe, after Mapfre Re’s debut bond last year covered US perils.
-
The average weighted spread on the deals was 651bps, skewed upward by cyber and wildfire deals.
-
The reinsurer is the second sponsor opting not to renew cyber coverage in the bond market this year.
-
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 sponsor has $140mn of cyber cat bond protection maturing in December.
-
One William Street priced its debut cat bond 13% below the midpoint of guidance.
-
The reinsurer-linked manager now offers three ILS funds encompassing private ILS and cat bonds.
-
The sponsor has $200mn of cat bond protection maturing in December this year.
