Hannover Re now seeks up to $200m of aggregate retro from 3264 Re 2025 cat bond
Hannover Re is now seeking an upsized $200 million in broad retrocession covering worldwide peak perils on an annual aggregate basis, from its new 3264 Re Ltd. (Series 2025-1) cat bond transaction that is in the market, Artemis has learned. The reinsurer returned to the cat bond market earlier this month, with an initial target to secure $175 […]
Lloyd’s reaches $1.92bn of capital deployed through London Bridge ILS platform
The Lloyd’s insurance and reinsurance market has reported that its London Bridge risk transformation and insurance-linked securities (ILS) platform has now seen $1.92 billion of capital deployed through its cells, with $2.55 billion of capital committed. This new capital deployment milestone for the London Bridge platform was reached at the end of 2024. In total, […]
CEA targets $200m of quake reinsurance with Ursa Re 2025-1 catastrophe bond
The California Earthquake Authority (CEA) has returned to the catastrophe bond market to sponsor its first issuance since late 2023, seeking $200 million or more in multi-year collateralized California earthquake reinsurance protection from the capital markets through this Ursa Re Ltd. (Series 2025-1) issuance. The CEA last sponsored a catastrophe bond in December 2023 and in that […]
Alternative capital can provide wildfire capacity, but pricing a sticking point: Morningstar DBRS
With wildfires becoming a more recurring peril for the California property insurance market, alternative capital may be available to provide coverage, including through multiple-peril alternative reinsurance capital instruments, however “pricing is likely to remain a sticking point” according to analysts at Morningstar DBRS. In a new report, Morningstar DBRS has revealed that the on-going wildfires […]
Altor Re launches as reinsurance and ILS focused broker in London
Altor Re Ltd, a new London based brokerage that specialises in placing insurance-linked securities (ILS) and reinsurance business globally, has officially been launched by founder Raj Jadeja. Established in October 2024, the company is “poised to revolutionise” the reinsurance brokerage landscape, leveraging data-driven techniques in order to meet the evolving needs of its clients. Moreover, Altor […]
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 […]
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 […]
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 […]
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 […]