Swiss Re seeks $150m wind / quake retrocession from Matterhorn Re 2025-1 cat bond
Global reinsurance firm Swiss Re is back in the catastrophe bond market seeking $150 million or more in North American earthquake and named storm retrocessional protection from capital market investors, through a Matterhorn Re Ltd. (Series 2025-1) transaction. This issuance will be the twelfth takedown under Swiss Re’s Matterhorn Re catastrophe bond program and adds to the […]
Despite tightening, cat bond spreads still around 280bps above US high-yield: Twelve Capital
Despite the tightening of catastrophe bond spreads seen through the second-half of 2024 the asset class remains elevated compared to US high-yield bond offerings, with investment manager Twelve Capital estimating cat bond spreads are around 280bps higher at this time. The investment manager said 2024 was “an exceptional year for the asset classes in which […]
Cat bond inflows help expand alternative reinsurance capital to $113bn: Aon
By the end of September this year, the amount of alternative capital in the reinsurance industry had increased by 5% over the nine-months of 2024, to reach another new high of $113 billion, helped by retained earnings and catastrophe bond market inflows, broker Aon has said. Overall, total dedicated reinsurance market capital expanded by almost […]
Vibrant ILS market with significant deal flow expected in early 2025: Aon Securities
Aon Securities, the investment banking and insurance-linked securities (ILS) specialist arm of the insurance and reinsurance broker, is anticipating a strong start to catastrophe bond and ILS market activity in 2025, with a “vibrant” market and plenty of deal flow forecasted. As we reported earlier, Aon estimates that alternative capital in reinsurance grew by 5% over […]
ILS sector poised to attract substantial capital inflows in 2025: Agecroft Partners
Among the hedge fund investment sectors set to benefit from rising institutional investor interest in 2025, Agecroft Partners believes that reinsurance focused insurance-linked securities (ILS) strategies are “poised to attract substantial capital inflows in 2025.” Agecroft Partners, the hedge fund consulting and marketing specialist, has published its annual predictions for the biggest trends in the […]
Munich Re secures Eden Re II reinsurance sidecar at $150m again for 2025
Having begun its Eden Re II Ltd. collateralized reinsurance sidecar placements with the largest Class A tranche of notes since 2019, global reinsurer Munich Re has now added the usual Class B issuance, but this tranche has been placed at just $85.5 million, which is the smallest size for that layer since right back in […]
UCITS catastrophe bond funds average 13.62% return for 2024: Plenum Indices
Catastrophe bond fund strategies in the UCITS format have averaged a 13.62% return for full-year 2024, according to the latest data from the Plenum CAT Bond UCITS Fund Indices. While this is behind the record returns achieved in 2023, it remains historically very high and more than double the previous annual high of 6.28% in 2013. […]
Guy Carpenter property catastrophe reinsurance indices all decline at 1/1 2025 renewal
Property catastrophe reinsurance rates declined across the globe at the January 1st 2025 reinsurance renewals, with broker Guy Carpenter’s rate-on-line indices for the world, US, Europe and Asia Pacific all falling to start the new year. For the majority of the indices, it is the first decline in property catastrophe reinsurance rates-on-line seen since 2017, […]
Insurance Authority welcomes Silk Road Re cat bond, sixth under Hong Kong ILS regulations
Hong Kong’s Insurance Authority (IA) has welcomed the recent issuance of the latest and sixth catastrophe bond under its insurance-linked securities (ILS) regulatory regime, saying the US $35 million Silk Road Re Limited cat bond sponsored by Taiping Re reinforces its commitment to the sector. As we’ve been reporting, Taiping Re secured a three-year source of fully-collateralized retrocessional […]
Competitive ILW pricing drives considerable buyer interest at renewal: Howden Re
Competitive pricing for industry-loss warranty (ILW) protection has driven “considerable interest from a growing demographic of buyers” at the January 1st 2025 reinsurance renewals, according to broker Howden Re. Industry-loss warranty (ILW) market activity has continued to be strong, as had been seen through the hard cycle, the reinsurance broker explained in its new renewals […]
