Category: ILS for investors

Sustained strong catastrophe reinsurance profits ahead, if terms/attachments stick: KBW

Analysts at Keefe, Bruyette & Woods (KBW) are the second group to say that the returns generated from catastrophe reinsurance risk underwriting and capital allocation can remain strong, just so long as the industry remains disciplined on attachments, terms and conditions. It’s taken a while for it to become clearer that the real driver of the last […]

Silk Road Re cat bond gives Taiping Re $35m of 3-year China quake / US wind retro

We’ve learned a few more details about the new Silk Road Re Limited catastrophe bond transaction that is set to be issued out of Hong Kong, with the notes set to provide sponsor Taiping Reinsurance Company (Taiping Re) with a US $35 million source of three years of retrocessional protection. Yesterday, we reported that Taiping Re was set […]

Taiping Re to sponsor Silk Road Re catastrophe bond out of Hong Kong

Taiping Reinsurance Company (Taiping Re), a Hong Kong based reinsurer that is part of the state-backed China Taiping Insurance Group, is in the process of sponsoring its first catastrophe bond, with a Silk Road Re Limited transaction set to be issued out of Hong Kong, Artemis can reveal. We’re told that this Silk Road Re […]

Galapagos Capital pre-authorised for structure to issue ILS in Brazil

Galapagos Capital, a global investment company headquartered in Brazil that offers a range of investment management, banking and financial services, has received pre-authorisation from the insurance regulator SUSEP to establish an issuer of Letra de Risco de Seguro (Insurance Risk Letters), which are Brazil’s own type of insurance-linked securities (ILS). Galapagos Capital aims to become […]

ILS market M&A consolidation can help attract more institutional capital: Stonybrook

The insurance-linked securities (ILS) market should become more streamlined and professionalised if mergers and acquisitions (M&A) consolidate players, which Stonybrook Capital believes can help in attracting more institutional capital to the sector. Stonybrook Capital, a specialist strategic advisory and investment banking firm focused exclusively on the insurance and reinsurance industry, comments on trends in insurance-linked […]

Cat bond issuance breaks all records in 2024. Market grows 10% to $49.44bn

Catastrophe bond market records are falling in 2024 and set to be beaten on most fronts, with overall issuance recorded in the Artemis Deal Directory reaching a new high of almost $17.7 billion for the year, including a record $17.24 billion of Rule 144A cat bonds, driving a new end-of-year outstanding market record and cat bond market […]

Aon poll: 15% of US insurers say ILS / third-party capital feature in their 2025 plans

A recent poll of insurers in the United States, undertaken by broker Aon’s Capital Advisory division, found that within those carriers’ capital management plans for 2025, insurance-linked securities (ILS) and third-party reinsurance capital solutions are a significant feature. With the market having been challenging for a number of years, but insurers responding with a growth […]

Florida State Board set to increase ILS allocations at January renewals for FRS pension

Having previously indicated that it was cautious on reinsurance market conditions and undecided as to whether to add to its insurance-linked securities (ILS) investments for the January 2025 renewals, the Florida State Board of Administration now appears set to move forwards and increase its allocation to the sector. As we reported back in October, the Florida […]