Fidelis Insurance has now secured its upsized target of $90 million of worldwide aggregate retrocession through the new Herbie Re Ltd. (Series 2025-1) catastrophe bond issuance, while the notes have now been priced at the low-end of initial guidance, Artemis can report.Fidelis Insurance ventured back to the catastrophe bond market earlier in May, initially aiming … Read more
45Italian insurance and financial services group Unipol is aiming to secure a new aggregate reinsurance cover this year, as the company becomes the latest to look to better protect its earnings against smaller, more frequent severe weather and catastrophe events.Aggregate reinsurance protection has become more available to buyers in 2025, with market conditions eased and … Read more
European headquartered re/insurer Zurich took advantage of market conditions to buy a global aggregate reinsurance cover at the April 1st renewal, which the firm’s CFO called “innovative” and said it included alternative capacity from collateralized markets.During an analyst call today, Zurich’s Group CFO Claudia Cordioli also disclosed that the firm bought an additional $100 million … Read more
Despite its price having recovered back almost to par across catastrophe bond pricing sheets in recent weeks, US insurer Allstate’s $150 million Class B tranche of notes from the Sanders Re II Ltd. (Series 2021-2) issuance that provide both occurrence and aggregate reinsurance has seen its maturity date extended by three years.The scheduled maturity date … Read more
The softening of the property catastrophe reinsurance market seen at the key January 2025 renewals has been “entirely rational”, according to broker Gallagher Re, despite the fact the decline in risk-adjusted pricing was greater than many reinsurers had planned for.Catastrophe loss-free property reinsurance treaties declined almost across the board, except for a few regions that … Read more