PGGM / PFZW ILS portfolio returns 15.1% in 2024. AUM flat in Q4 at ~US $8.68bn
The insurance-linked securities (ILS) and reinsurance investments portfolio of Dutch pension PFZW, which is managed by pension investment firm PGGM, delivered a 15.1% return for full-year 2024, while in asset terms the allocation was a little down year-on-year but flat through the fourth-quarter. The latest figure for assets under management, of what is the largest […]
Hannover Re secures upsized $200m aggregate retro from 3264 Re 2025 cat bond
Hannover Re has now secured its upsized target for $200 million of retrocession covering worldwide peak perils on an annual aggregate basis, from its new 3264 Re Ltd. (Series 2025-1) cat bond transaction, Artemis has learned. The reinsurance company ventured back to the cat bond market earlier this month, with an initial target to secure $175 million in […]
Swiss Re prices Matterhorn Re 2025-1 cat bond for $210m retro at reduced spreads
Swiss Re has now secured $210 million in North American earthquake and named storm retrocessional reinsurance protection from capital market investors through its new Matterhorn Re Ltd. (Series 2025-1) catastrophe bond, while both tranches of notes have priced at the bottom of reduced guidance, Artemis has learned. Swiss Re returned to the cat bond market with what is […]
Renewed interest in cat bonds indicates favourable market entry point for new sponsors: Acrisure Re
A renewed interest in catastrophe bonds is being seen across the insurance-linked securities (ILS) market, as spreads have started to become more “attractive”, which indicates a favourable market entry point for new sponsors, according to Sandro Kriesch, Head of Insurance-Linked Securities (ILS), and Sophie Worsnop, Assistant Vice President, Acrisure Re Corporate Advisory & Solutions (ARCAS). […]
