The level of cat bond and parametric work we’re doing is exceptional: Aon CEO
Having reported another quarter of double-digit revenue growth for its catastrophe bond and insurance-linked securities (ILS) related activities, Greg Case the CEO of broking giant Aon also highlighted parametric risk transfer as another area he sees activity levels as exceptional in. Reporting its first-quarter results today, Aon disclosed 4% organic revenue growth in its Reinsurance […]
Parametric regional risk pools get Global Shield support to deepen collaboration
The main four parametric disaster insurance risk pools have signed a grant agreement with the Global Shield Solutions Platform (GSSP) to help them accelerate and deepen their collaboration, something which could have implications for how they transfer risk to reinsurance and potentially capital markets. Back in 2023, the African Risk Capacity Limited (ARC), Caribbean Catastrophe […]
Hannover Re fronted more collateralised reinsurance participations for investors in 2024
Hannover Re’s insurance-linked securities (ILS) market facilitation activities continued to expand in 2024, with the number of collateralised reinsurance participations fronted for investors rising, while its catastrophe bond fronting also grew to a new record level. Hannover Re has been active in the insurance-linked securities (ILS) market for many years, as sponsor of securitized risk […]
Parametric expanding in Africa and ILS markets – GC&C’s Edwards Simon Edwards leads parametric underwriting at Generali Global Corporate & Commercial (GC&C) in the UK, including an expanding partnership with Descartes Underwriting. FULL ORIGINAL PUBLICATION HERE
UCITS cat bond funds average 1.38% return for Q1 2025. Low-risk strategies led the way
The average return of UCITS catastrophe bond fund strategies was 1.38% for the first-quarter of 2025, according to the Plenum CAT Bond UCITS Fund Indices. But lower-risk cat bond funds led the way by averaging 1.50% for the period as a group, as they generally had less exposure to the California wildfire cat bond mark-downs. March […]
SCOR targets $200m Atlas Capital 2025-1 multi-peril catastrophe bond
France-headquartered global reinsurance company SCOR is back in the catastrophe bond market seeking $200 million or more in fully-collateralized retrocession from an Atlas Capital DAC (Series 2025-1) issuance, Artemis has learned. This new Atlas Capital DAC Series 2015-1 catastrophe bond will be the nineteenth from SCOR to use the Atlas name and the twentieth cat bond from […]
Technology to drive growth in parametric ILS market: Ramseier, Twelve Securis
Urs Ramseier, Chief Executive Officer of insurance-linked securities (ILS) manager Twelve Securis, expects significant growth in the parametric ILS market as technological advances enhance data quality, modelling, and trigger precision, creating new opportunities for business interruption coverage and protection where traditional insurance and reinsurance solutions are lacking. At the Artemis ILS NYC 2025 conference, AM […]
Hannover Re shares €364m in losses with ILS in full-year 2024, €346m in Q4 alone
Global reinsurance company Hannover Re shared a much larger proportion of its large natural catastrophe losses with insurance-linked securities (ILS) capital sources in the final quarter of 2024, as the company ceded out more than half of its losses from hurricane Milton, with retrocessional arrangements seemingly playing a key role. Hannover Re reported its full-year […]
ILS and reinsurance increasingly working together: Wong-Fupuy, AM Best
Third-party capital in the reinsurance market reached record highs in 2024, as broker Guy Carpenter, alongside rating agency AM Best estimated that it reached a substantial $107 billion at year-end, however, a key driver of the increase is the continued growth of the insurance-linked securities (ILS) market, which is the major component of third-party capital across reinsurance. […]
Opposing forces driving cat bond market yield sideways at 10.44%: Plenum
The overall yield of the catastrophe bond market stood at 10.44% at the end of February 2025 according to data from specialist manager Plenum Investments, with the company explaining that opposing forces are driving the cat bond market yield sideways at this time. In late 2024, high-demand for catastrophe bond investments had compressed risk spreads resulting in […]