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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 […]

Stone Ridge mutual cat bond and ILS fund assets surpassed $5bn at October 31

Stone Ridge Asset Management, the New York based alternative risk premia focused investment manager, grew the catastrophe bond and insurance-linked securities (ILS) assets under management in its range of mutual reinsurance fund strategies to more than $5 billion in the last quarter of record. When we last reported on the investment managers 40’s Act compatible […]

Property cat pricing declines 8%, retrocession falls 13.5% at January renewal: Howden

At the January 2025 reinsurance renewals broking group Howden estimates that risk-adjusted pricing for property catastrophe treaty business declined by 8%, while retrocession pricing fell further by 13.5%. The company titles its latest renewals report “Past the Pricing Peak”, saying that a new phase of the market cycle ushers in price reductions and a renewed […]

Silk Road Re cat bond achieves “effective diversification” for Taiping Re: CEO

Silk Road Re Limited, the debut catastrophe bond sponsored recently by Taiping Re and issued out of Hong Kong, has helped the reinsurance company achieve “effective diversification” within its catastrophe risk management, as it looks to pursue a dual-pillar protection approach of retrocession and insurance-linked securities (ILS), its CEO said today. The company also hailed […]

Swiss Re cat bond Index delivers 17.29% total-return in 2024, second-highest ever

The catastrophe bond market delivered the second-highest total-return in its history in 2024, reaching 17.29% for the full-year, according to data from the Swiss Re Cat Bond Performance Indices. While the catastrophe bond market’s performance fell behind the record set in 2023, at 17.29% the full-year 2024 total-return implies very strong performance from catastrophe bond […]

Flood drives 78% of $18.2bn major non-US international cat losses in 2024: CRESTA

The CRESTA organisation, which tracks catastrophe events outside the United States that have generated insurance industry losses of over US $1 billion, has reported the 2024 annual total as reaching US $18.2 billion, of which 78% came from flood events. Aggregate insured losses from non-US catastrophe loss events came in slightly below the long-term average […]