SCMP: Hong Kong to offer incentives for catastrophe bond issuers, investors as it eyes hub status
Issuers, including World Bank and Peak Re, have raised US$800 million since Hong Kong implemented a new regulatory regime in 2021. The Hong Kong government will offer incentives to attract more issuers and investors to participate in catastrophe bonds in the city to help address growing climate risks. FULL ORIGINAL PUBLICATION HERE
IRB (Re) sponsors first ILS in Brazil, R$33.7m Andrina surety bond risk securitization
The first ever insurance-linked securities (ILS) issuance in Brazil has been completed today, as local reinsurance firm IRB (Re) sponsored the issuance of a R$33.7 million deal to securitize surety bond risks, using its Andrina Special Purpose Insurance Entity (SSPE). IRB (Re) had what was the first insurance-linked securities (ILS) structure authorised in Brazil by […]
157 Re reinsurance sidecar improves our capabilities: Arundo Re’s Montador
In an interview with Artemis, Laurent Montador, Deputy CEO of French reinsurer Arundo Re, discussed the recent renewal and launch of the seventh sidecar in the 157 Re series of deals, stating that it enhances the company’s capability to allocate more capacity in targeted areas while strengthening alignment with investors. Now in its seventh vintage, […]
Generali secures EUR200m Lion Re DAC “green cat bond” renewal
Italian and global insurance giant Assicurazioni Generali S.p.A. has now successfully secured a renewal for its green catastrophe bond, with the new EUR 200 million Lion Re DAC transaction finalised at its target size and with pricing of the two tranches of notes at either end of their initial ranges, Artemis can report. Generali returned to the catastrophe […]
State Farm in record cat bond sponsorship, with $1.55bn Merna Re II 2025
We’ve learned that State Farm has been back in the catastrophe bond market in recent weeks and has now secured what is a record amount of reinsurance limit from the capital markets in a single visit in cat bond form, as it priced $1.55 billion of multi-peril protection via sponsorship of four Merna Re II Ltd. […]
Cat bonds recommended as EU agriculture losses projected to reach €40bn by 2050: Howden
Catastrophe bonds and other private market risk-transfer tools are essential to help Europe’s agriculture sector manage mounting climate risks, according to Howden, as annual weather-related losses are expected to rise to €40 billion by 2050. The recommendation comes from a report published by the European Commission and European Investment Bank (EIB), featuring analysis and proposals […]
Efficiently structured ILS transactions lower capital costs for re/insurers: Augment Risk
Efficiently structured insurance-linked securities (ILS) transactions are playing a pivotal role in reducing capital costs for re/insurers, according to risk capital and reinsurance solutions broking firm Augment Risk. In a recent commentary, the firm asserts that by leveraging the evolving capabilities of the ILS market, insurers can reduce their cost of capital while enhancing long-term financial […]
CEA seeks $250m Ursa Re II 2025-1 cat bond to extend California quake reinsurance
The California Earthquake Authority (CEA) is back in the catastrophe bond market looking for more earthquake reinsurance protection from the capital markets, with an initial $250 million target for what will be its 22nd directly sponsored cat bond, an Ursa Re II Ltd. (Series 2025-1) issuance. This is the California Earthquake Authority’s (CEA) second visit to the […]
Hannover Re upsizes 3264 Re peak peril retro cat bond target to $150m
Large European reinsurer Hannover Re has now upsized its target for its latest catastrophe bond, increasing it to now seek $150 million in retrocession covering US and North American peak perils from the 3264 Re Ltd. (Series 2025-2) issuance, Artemis has learned. Hannover Re returned to the catastrophe bond market at the beginning of the month, initially looking […]
Black Kite Re II shows ILS can narrow Asia’s protection gap: Peak Re CEO
Following the successful completion of its second catastrophe bond, the $50 million Black Kite Re Limited (Series 2025-1), Franz-Josef Hahn, CEO of reinsurer Peak Re, told us the issuance showcases the “tremendous potential” that insurance-linked-securities (ILS) solutions can play in narrowing protection gaps across Asia. The Hong Kong headquartered global reinsurer returned to the catastrophe bond market […]