Generali secures EUR200m Lion Re DAC “green cat bond” renewal
Italian and global insurance giant Assicurazioni Generali S.p.A. has now successfully secured a renewal for its green catastrophe bond, with the new EUR 200 million Lion Re DAC transaction finalised at its target size and with pricing of the two tranches of notes at either end of their initial ranges, Artemis can report. Generali returned to the catastrophe […]
State Farm in record cat bond sponsorship, with $1.55bn Merna Re II 2025
We’ve learned that State Farm has been back in the catastrophe bond market in recent weeks and has now secured what is a record amount of reinsurance limit from the capital markets in a single visit in cat bond form, as it priced $1.55 billion of multi-peril protection via sponsorship of four Merna Re II Ltd. […]
Cat bonds recommended as EU agriculture losses projected to reach €40bn by 2050: Howden
Catastrophe bonds and other private market risk-transfer tools are essential to help Europe’s agriculture sector manage mounting climate risks, according to Howden, as annual weather-related losses are expected to rise to €40 billion by 2050. The recommendation comes from a report published by the European Commission and European Investment Bank (EIB), featuring analysis and proposals […]
Efficiently structured ILS transactions lower capital costs for re/insurers: Augment Risk
Efficiently structured insurance-linked securities (ILS) transactions are playing a pivotal role in reducing capital costs for re/insurers, according to risk capital and reinsurance solutions broking firm Augment Risk. In a recent commentary, the firm asserts that by leveraging the evolving capabilities of the ILS market, insurers can reduce their cost of capital while enhancing long-term financial […]
CEA seeks $250m Ursa Re II 2025-1 cat bond to extend California quake reinsurance
The California Earthquake Authority (CEA) is back in the catastrophe bond market looking for more earthquake reinsurance protection from the capital markets, with an initial $250 million target for what will be its 22nd directly sponsored cat bond, an Ursa Re II Ltd. (Series 2025-1) issuance. This is the California Earthquake Authority’s (CEA) second visit to the […]
Hannover Re upsizes 3264 Re peak peril retro cat bond target to $150m
Large European reinsurer Hannover Re has now upsized its target for its latest catastrophe bond, increasing it to now seek $150 million in retrocession covering US and North American peak perils from the 3264 Re Ltd. (Series 2025-2) issuance, Artemis has learned. Hannover Re returned to the catastrophe bond market at the beginning of the month, initially looking […]
Black Kite Re II shows ILS can narrow Asia’s protection gap: Peak Re CEO
Following the successful completion of its second catastrophe bond, the $50 million Black Kite Re Limited (Series 2025-1), Franz-Josef Hahn, CEO of reinsurer Peak Re, told us the issuance showcases the “tremendous potential” that insurance-linked-securities (ILS) solutions can play in narrowing protection gaps across Asia. The Hong Kong headquartered global reinsurer returned to the catastrophe bond market […]
Calidris Investment Partners launched by Philippe Trahan and Daniel Miller
Calidris Investment Partners has been launched as a Bermuda-based insurance and reinsurance opportunities focused investment start-up by former Ontario Teachers’ insurance-linked securities (ILS) specialist Philippe Trahan and former Blackstone insurance transaction specialist Daniel Miller. Trahan and Miller have launched Calidris Investment Partners as Co-CEO’s of the new company and have secured institutional backing to build […]
ILS an increasingly viable reinsurance alternative, continued growth expected: Gallagher Securities
The insurance-linked securities (ILS) market is gaining ground as a viable reinsurance alternative, helped by reduced risk premiums, increased confidence in models, lower transaction costs and still-growing investor interest, leading Gallagher Securities to say it anticipates continued growth of the sector. The broker dealer and investment banking arm of reinsurance broker Gallagher Re said that […]
Peak Re’s new Black Kite Re cat bond signals growing maturity of Hong Kong ILS platform
Hong Kong’s Insurance Authority (IA) has welcomed the recent issuance of the latest catastrophe bond sponsored by Peak Re, the US $50 million Black Kite Re Limited (Series 2025-1) transaction, while also noting that the deal represents a sign of the maturity under its insurance-linked securities (ILS) regulatory regime. As we’ve been reporting, Peak Re secured a three-year […]