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Tag: insurance-linked securities


Regulatory / Legal

Hong Kong targets insurance-linked securities co-operation with Shanghai

May 7, 2024

Via: Artemis BM

Hong Kong and the mainland China city and financial hub of Shanghai are looking to co-operate on a range of financial initiatives, with one of them being insurance-linked securities (ILS). Representatives of the respective governments, financial regulators and exchanges met […]


Risk Management, Trends

Majority of industry respondents expect use of parametric triggers in reinsurance to rise in 2024

March 28, 2024

Via: Reinsurance News

According to a recent Reinsurance News poll, over 80% of industry respondents anticipate the use of parametric triggers in reinsurance arrangements to rise in 2024. Parametric news has featured heavily in our pages so far this year, though admittedly, this […]


Regulatory / Legal

Hong Kong government pushes for more ILS and cat bond activity

December 11, 2023

Via: Artemis BM

At a recent event held in the city, speakers representing the government of the Hong Kong Special Administrative Region (HK SAR) of the People’s Republic of China were keen to promote the development of its insurance-linked securities (ILS) market offering […]


Financial, Risk Management

Private cat bond issuance hits $642m in 2023, as Eclipse Re issues $100m deal

December 6, 2023

Via: Artemis BM

Private catastrophe bond issuance for 2023 has now reached $642 million, as a new issuance of privately placed insurance-linked securities (ILS) has been completed by the Eclipse Re vehicle, a nearly $100 million Eclipse Re Ltd. (Series 2023-9A) deal. Eclipse […]


Financial, Risk Management

LGT ILS Partners confident pricing will remain at attractive levels into 2024

December 4, 2023

Via: Artemis BM

LGT ILS Partners, the specialist dedicated insurance-linked securities (ILS) investment unit of the private bank and asset manager LGT Capital Partners, is confident that market conditions are going to remain attractive into 2024, even expecting some marginal price increases in […]


Financial, Risk Management

ILS investors yet to get over “paltry” returns of recent years: AM Best

November 27, 2023

Via: Artemis BM

Investors in insurance-linked securities (ILS) still haven’t got over the years of “paltry” returns they’ve seen from the asset class since 2017, according to AM Best, but this is one driver for the continuation of the hard market, as well […]


Financial, Risk Management

Catastrophe bond market will set new issuance records in 2023

November 20, 2023

Via: Artemis BM

Annual global catastrophe bond and related insurance-linked securities (ILS) issuance is officially on-track to breach $14 billion for the first time ever in 2023, while traditional 144A property cat bond issuance will also reach a new record high, according to […]


Financial, Risk Management

ILS investments are about as attractive as ever right now: Schroders

October 12, 2023

Via: Artemis BM

The insurance-linked securities (ILS) market currently represents one of the most attractive markets in which to invest since the ILS market came into being, according to Doug Abbott, Head of UK Intermediary at Schroders. Abbot places insurance-linked securities (ILS), such […]


Financial, Risk Management

Eclipse Re issues nearly $18.8m in private cat bonds, its first of 2023

May 9, 2023

Via: Artemis BM

Eclipse Re Ltd., a private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform owned and operated by Artex Capital Solutions, has completed the issuance of two private cat bond arrangements totalling almost $18.8 million of risk […]


Financial, Risk Management

Apollo to invest $500m into surplus notes issued by RGA’s Chesterfield Reinsurance

March 31, 2023

Via: Reinsurance News

Global alternative asset manager, Apollo Global Management, Inc., has closed an agreement for its affiliated companies, third-party insurance managed accounts, and other institutional clients to invest $500 million into surplus notes issued by Reinsurance Group of America’s (RGA) wholly owned […]


News

Hong Kong Exchange lists first catastrophe bond with World Bank Chile notes

March 28, 2023

Via: Artemis BM

Hong Kong has now listed the first catastrophe bond notes on its stock exchange, with the World Bank issued $350 million of IBRD – Chile 2023 cat bond notes now housed on the Hong Kong Exchanges and Clearing Limited (HKEX). […]


Financial, Risk Management

Mortgage insurance-linked securities upgraded on improving fundamentals

March 17, 2023

Via: Artemis BM

A number of mortgage insurance-linked securities, or mortgage insurance-linked notes, transactions have had their credit ratings upgraded, as the fundamentals related to them improved on faster pay-downs have helped to build up credit enhancement associated with them. The mortgage insurance-linked […]


Financial, Risk Management

New $18.48m Isosceles deal takes 2022 private cat bond issuance to $738m

December 30, 2022

Via: Artemis BM

Isosceles Insurance Ltd., the Bermuda-domiciled private insurance-linked securities (ILS) and catastrophe bond platform operated by Marsh McLennan and reinsurance broker Guy Carpenter, has completed another private cat bond note issuance, with an $18.48 million Isosceles Insurance Ltd. (Series 2022-H) deal. […]


Financial, Risk Management

Matching cat bond pipeline to investor flows critical after Ian

October 5, 2022

Via: Artemis BM

Insurance-linked securities (ILS) market sources had been forecasting a busy pipeline of catastrophe bond deals for the remainder of 2022 and into early 2023, but at the same time capital raising was not happening as quickly as some would like […]


Geo-Political, Risk Management

US insurers have minimal exposure to ILS and cat bond market – report

September 14, 2022

Via: Insurance Business

US insurers have minimal investment exposure to the insurance-linked securities (ILS) and catastrophe bond market, despite the fact that this asset class has seen significant growth in recent years, according to a new report by AM Best. In its recent […]


Financial, Risk Management

ILS fund market delivers best return since January, in July

September 2, 2022

Via: Artemis BM

Insurance-linked securities (ILS) funds, as a group tracked by ILS Advisers and Eurekahedge, have delivered their best single monthly return of the year since January, with the average return across the group of ILS funds reaching 0.24% in July 2022. […]


Financial, Risk Management

Reinsurance price momentum to continue into 2023: Moody’s

August 24, 2022

Via: Artemis BM

Rating agency Moody’s Investors Service is the latest to forecast a continuation of reinsurance pricing trends, with more rate momentum predicted and additional hardening at the January 2023 renewals. Moody’s believes that the pressures facing reinsurance firms are set to […]


Risk Management, Trends

Cat bond & ILS fund returns demolish benchmarks in 2022

May 12, 2022

Via: Artemis BM

Once again, the insurance-linked securities (ILS) market is demonstrating the value of making investments into relatively uncorrelated assets, as some catastrophe bond and ILS fund strategies have been delivering benchmark-beating returns for the first few months of 2022, against the […]


Financial, Risk Management

Nephila assets slip to $8.6bn, but program cat premiums soar

April 27, 2022

Via: Artemis BM

Assets under management at Markel’s flagship insurance-linked securities (ILS) operation Nephila Capital declined slightly during the first-quarter of 2022, ending the period at $8.6 billion. That’s down $200 million from the end of 2021, but as we explained earlier today […]


Financial, Geo-Political, Risk Management

Coca-Cola pension fund ILS allocation shrinks 9% to $330m in 2021

February 23, 2022

Via: Artemis BM

Global beverage and food giant the Coca Cola Company’s pension fund allocation to insurance-linked securities (ILS) shrank in 2021, dipping 9% which we expect is largely due to the impacts of natural catastrophe losses across the year. The ILS investments […]