Following the completion of Brazil’s first-ever insurance-linked securities (ILS) issuance earlier this year, analysts at Fitch Ratings have highlighted how the country’s ILS framework marks the beginning of a new chapter for its re/insurance market. Back in May, Brazilian reinsurer IRB (Re), via its wholly owned subsidiary, Andrina Special Purpose Insurance
According to the latest projection from rating agency AM Best and broker Guy Carpenter, third-party capital deployed in reinsurance is anticipated to grow by almost 7% this year, projected to end the year at a new high of $114 billion. Third-party capital, that largely represents the capacity deployed by insurance-linked
The catastrophe bond asset class continued to deliver for its investors through the first-half of 2025, exhibiting low correlation with broader financial markets, while spreads continue to track at levels that exceed those seen in high yield benchmarks, Swiss Re Capital Markets has reported. In its latest Insurance-Linked Securities Market
Strong investor appetite drives $17 billion in issuances in H1 2025 as total CAT bond market size reaches $56 billion milestone, Swiss Re reports. The catastrophe bond market has achieved remarkable growth in the first half of 2025, with issuance surpassing $17 billion across nearly 60 transactions to become the
Bridging the widening natural catastrophe insurance protection gap is part of building macro financial resilience, which calls for innovative solutions such as catastrophe bonds, parametric instruments and regional risk pools, according to Lesetja Kganyago, Governor of the South African Reserve Bank. The G20 South African Presidency, in collaboration with the
The United Nations Office for Disaster Risk Protection (UNDRR) has published details of a proposal for a high-level Disaster Resilience Adaptation Financing (DRAF) structure that features an insurance-linked securities (ILS) vehicle, to support disaster risk insurance coverage and resilience adaptation financing. In a commentary authored by Alissa Legenza and Shaun
Catastrophe bond market momentum is anticipated to continue through the second-half of 2025, which added to a significant record set for the first-half leads Swiss Re Capital Markets to say the cat bond sector is positioned for an exceptional year of issuance. Publishing its H1 2025 ILS Market Insights report
Key Points: FULL ORIGINAL PUBLICATION HERE
The Los Angeles Department of Water and Power (LADWP), the largest municipal utility operating in the United States, has returned to the catastrophe bond market for its third time, seeking up to $150 million of wildfire protection from a 123 Lights Re Ltd. (Series 2025-1) issuance, Artemis has learned. Previously, the Los