Korean Re secures targeted $75m multi-peril retro through second Solomon Re cat bond
Korean Re, the global reinsurance company headquartered in the country of its name, has now secured the targeted $75 million of multi-peril retrocession from its Solomon Re Ltd. (Series 2026-1) catastrophe bond sponsorship, with the notes pricing at top and bottom ends of guidance, Artemis can report. Nearly three years ago, Korean Re sponsored its debut catastrophe […]
ILS valuation now a ‘core determinant’ of market credibility, Smyth, Nascent Group
In recent years, the insurance-linked securities (ILS) market has expanded from a niche property catastrophe tool into a broader and more complex asset class, and with that evolution, valuation has also moved from a reporting exercise into a core determinant of market credibility, according to Andy Smyth of Nascent Group. Smyth, the former EY executive, […]
Ariel SSPE launching as third Brazilian insurance-linked securities structure
Ariel Sociedade Seguradora de Propósito Específico S.A. (Ariel SSPE) will be the third insurance-linked securities (ILS) structure in Brazil, harnessing the country’s regulations to become an independent issuer of Letra de Risco de Seguro (Insurance Risk Letters), Brazil’s own brand of ILS instrument. Pre-authorisation approval has already been granted by the Superintendence of Private Insurance […]
New York metro has largest exposure concentration to hurricane risk in US: Cotality
According to research data from Cotality, a global provider of property information, analytics and technology-enabled data solutions, the New York metropolitan area has the largest concentration of homes exposed to hurricane-related risks in the United States. In the firm’s recently published 2026 Hurricane Risk Report, Cotality estimates that more than 3.27 million homes across New […]
Korean Re seeks second Solomon Re cat bond, adds parametric Israel quake as covered peril
Korean Re, the global reinsurance company headquartered in the country of its name, is back to sponsor its second catastrophe bond, seeking $75 million or more in catastrophe retrocession and introducing parametric Israel earthquake as a new covered peril to this Solomon Re Ltd. (Series 2026-1) deal, Artemis can report. Almost three years ago Korean Re sponsored […]
Cayman considers catastrophe bond, more parametric insurance to expand hurricane protection
As the 2026 Atlantic hurricane season approaches, the government of Cayman is considering expanding its hurricane protection by turning to the insurance-linked securities (ILS) market to potentially issue its own catastrophe bond, while simultaneously expanding its parametric insurance coverage too, Cayman Compass reports. The Cayman Islands are considered to be highly prone to hurricanes. The […]
Swiss Re targets $250m US named storm retro with Matterhorn Re 2026-2 cat bond
Global reinsurance giant Swiss Re is back in the catastrophe bond market to sponsor its second issuance of the year, with an initial target to secure $250 million of US named storm per-occurrence based retrocessional protection through a Matterhorn Re Ltd. (Series 2026-2) transaction, Artemis can report. Swiss Re is looking to sponsor with what will become the […]
Hong Kong ‘ideally placed’ to promote use of alternative risk transfer and ILS: IA’s Stephen Yiu
Given Hong Kong’s open and sophisticated financial market, along with its distinct connection with the Chinese Mainland and the support of roughly 3,380 family offices, the major city is ideally placed to promote the usage of alternative risk transfer tools and ILS, according to Stephen Yiu, Chairman of the Hong Kong Insurance Authority (IA). Yiu […]
Bermuda’s SPI and collateralized insurer uptake maintains momentum in Q1: BMA
Coming off a remarkable 2025, which saw the registration of new collateralized insurer class of companies in Bermuda climb to its highest level ever, early indicators for Q1 2026 suggest a continuation of this growth trend with seven new special purpose insurers (SPIs) and two new collateralized insurers having registered in Bermuda during the opening […]
Cat bond market fundamentals are tremendous. Growth absolutely expected & sustainable: John Seo
The fundamentals underpinning recent and expected future levels of activity in the catastrophe bond market are tremendous according to John Seo of Fermat Capital Management LLC, given which the cat bond market’s growth is absolutely to be expected and absolutely viewed as sustainable, he has explained. Speaking during a Fermat Capital Management hosted webinar yesterday, […]