Hannover Re targets $200m seventh Acorn Re parametric US earthquake cat bond
Global reinsurance firm Hannover Re is bringing the seventh catastrophe bond offering in the annual parametric US earthquake risk series of deals, with an initial $200 million target for an Acorn Re Ltd. (Series 2026-1) issuance, Artemis has learned. As seen with all six of the previous Acorn Re parametric catastrophe bonds, this new seventh […]
PICC P&C’s new Great Wall Re catastrophe bond said to be a $12m issuance
We’ve learned that the new Great Wall Re Limited catastrophe bond issuance is $12 million in size, so presumably will provide an equivalent amount of capital markets backed reinsurance to the sponsoring Chinese domestic insurer, PICC Property and Casualty Company Limited. On Monday we revealed that PICC Property and Casualty Company Limited appeared to have […]
Third-party capital more than just complementary capacity for Hannover Re: Althoff
Sven Althoff, Member of the Executive Board for Property & Casualty at Hannover Re, has said that third-party capital is certainly part of the reinsurer’s strategy, describing it as more than just complementary capacity, whilst also adding that it is creating opportunities for Hannover Re. Althoff made these remarks during a recent webinar briefing presented […]
PICC P&C appears to have returned for its second Great Wall Re catastrophe bond
Chinese domestic insurer PICC Property and Casualty Company Limited seems to have returned to sponsor its second catastrophe bond using its Hong Kong domiciled special purpose insurer Great Wall Re Limited, as information of a new tranche of notes has appeared albeit with very limited details available at this time. According to securities market data […]
APAC ILS and parametric markets poised for growth as capital needs shift: Marsh Re’s Gallagher
While both the insurance-linked securities (ILS) and parametric markets remain nascent in parts of Asia-Pacific compared to other regions, the potential to expand is clear, leading broker Marsh Re’s APAC Chief Executive Officer (CEO), Tony Gallagher, to forecast that these markets will build out. Speaking to Artemis at this year’s Rendez-Vous de Septembre in Monte […]
Brazil’s SUSEP proposes LRS reforms, cat bonds, parametrics for catastrophe protection
Brazil’s regulator the Superintendence of Private Insurance (SUSEP) has published a range of proposals designed to bolster the country’s financial and insurance protection against natural catastrophes, with reforms and further developments in insurance-linked securities (ILS) set to be part of the continuing discussions. Having convened a working group of industry, regulatory bodies and experts to […]
Micro-catastrophe bonds show growing potential for use in disaster risk financing: OECD
A trend towards smaller catastrophe bond issues becoming more feasible as market infrastructure improves has been highlighted by the Organisation for Economic Co-operation and Development (OECD), who suggest that what they term micro-catastrophe bonds have relevant application in disaster risk financing initiatives. A policy brief authored by Kensuke Molnar-Tanaka and Prasiwi Ibrahim of the OECD […]
Casualty sidecar growth to continue. Collateralized reinsurance to see greater flexibility: AM Best
The reinsurance sidecar market is expected to continue expanding thanks to notable momentum being seen in casualty sidecar structures, according to rating agency AM Best. The firm also highlights that the broader collateralized reinsurance space is poised for future expansion due to greater flexibility in structure, modeling, and perils. The property and casualty sidecar market is a […]
Reinsurance rate declines may slow by 2028, soft market floor may not be found till 2030: Jefferies
Analysts from Jefferies are not confident that reinsurance leadership teams are fully-acknowledging how fast rates have been softening and believe that the focus will shift to terms and conditions from 2028, while a soft market floor may not be found until 2030. The equity analyst team at investment bank Jefferies have a view that the […]
Interconnected systemic risks highlight need to expand ILS capacity: Swiss Re & LSE
A new joint analysis published by Swiss Re Institute and LSE has highlighted how artificial intelligence (AI) and supply chains are opening new pathways to systemic stress as risks become increasingly interconnected, which is driving a need for expanded capacity and leading them to highlight ILS as a crucial capital source. Data from the research, […]