News

NCIUA sponsoring $350m named storm cat bond, Cape Lookout Re 2025-1

The North Carolina Insurance Underwriting Association (NCIUA) has returned to the capital markets seeking $350 million of annual aggregate named storm reinsurance protection through this Cape Lookout Re Ltd. (Series 2025-1) catastrophe bond. Returning in 2025, the North Carolina Insurance Underwriting Association (NCIUA) is sponsoring the seventh catastrophe bond under its Cape Lookout

10 February 2025 No Comments

UCITS catastrophe bond funds positive in January despite wildfire mark-downs

Catastrophe bond fund strategies in the UCITS format averaged positive returns for the month of January 2025, despite the effects of wildfire related mark-downs to exposed positions, according to the latest data from the Plenum CAT Bond UCITS Fund Indices. As we had reported before, the Los Angeles, California wildfires

10 February 2025 No Comments

Hannover Re lifts retrocession cover to €1.2bn for 2025 as K-Cessions sidecar shrinks again

Global reinsurer Hannover Re increased its natural catastrophe retrocession protections at the January 1st, 2025, reinsurance renewals by EUR 100 million to a little more than EUR 1.2 billion, with growth in the aggregate excess of loss and whole account excess of loss covers more than offsetting a reduced K-Cessions

6 February 2025 No Comments

CEA lifts Ursa Re 2025-1 cat bond target to as much as $375m

The California Earthquake Authority (CEA) has increased the targeted amount of multi-year collateralized California earthquake reinsurance protection it seeks from capital market investors through its new Ursa Re Ltd. (Series 2025-1) issuance, with now up to $375 million of coverage being sought, while the price guidance has been fixed at 7.5%, Artemis

6 February 2025 No Comments

LA wildfires trigger cat bond market’s first-ever negative January return: Icosa

Recent estimates suggest that insured losses from the Los Angeles, California wildfires could be higher than anticipated. As a result, catastrophe bond prices are showing signs of weakness, with the market’s benchmark recording its first-ever negative January return since its inception over two decades ago, according to cat bond fund

4 February 2025 No Comments

2024 cat bond returns to consolidate value proposition, maintain attractiveness: Swiss Re

According to Swiss Re Capital Markets, the insurance-linked securities (ILS) market continued the growth trend of recent years throughout 2024, as the last twelve months were marked by a “robust performance” for cat bond investors in the absence of events large enough to have a significant impact on the market.

4 February 2025 No Comments

LA wildfires trigger cat bond market’s first-ever negative January return: Icosa

4 February 2025 No Comments

“Breakthrough” parametric ILS fund is “capacity for profitable growth” – GC&C / Descartes

The launch yesterday of the Lumyna – Twelve Capital Parametric ILS Fund, a dedicated parametric insurance and insurance-linked securities (ILS) investment strategy managed by ILS manager Twelve Capital, is a “breakthrough” in the parametric space and provides “capacity for profitable growth”, senior execs at GC&C and Descartes Underwriting said. The

4 February 2025 No Comments

Hannover Re vehicle Kaith Re issues $84m Seaside Re 2025 private cat bonds

Kaith Re Ltd., the transformer vehicle owned by global reinsurance firm Hannover Re, has issued seven series of private catastrophe bond notes, all Seaside Re (Series 2025), for a total of $84 million of notes sold to investors. Hannover Re remains a key facilitator to ILS market participants and its

3 February 2025 No Comments

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News

NCIUA sponsoring $350m named storm cat bond, Cape Lookout Re 2025-1

UCITS catastrophe bond funds positive in January despite wildfire mark-downs

Hannover Re lifts retrocession cover to €1.2bn for 2025 as K-Cessions sidecar shrinks again

CEA lifts Ursa Re 2025-1 cat bond target to as much as $375m

LA wildfires trigger cat bond market’s first-ever negative January return: Icosa

2024 cat bond returns to consolidate value proposition, maintain attractiveness: Swiss Re

LA wildfires trigger cat bond market’s first-ever negative January return: Icosa

“Breakthrough” parametric ILS fund is “capacity for profitable growth” – GC&C / Descartes

Hannover Re vehicle Kaith Re issues $84m Seaside Re 2025 private cat bonds

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