American Coastal Insurance Company is back in the catastrophe bond market and seeking $100 million or more in Florida named storm reinsurance protection from the issuance of a new Armor Re II Ltd. (Series 2024-2) transaction, Artemis has learned.This will be the second Armor Re II catastrophe bond from the insurer of 2024, having sponsored … Read more
US insurer Allstate has confirmed its pre-tax loss from hurricane Milton at $102 million, at which level it seems possible the Sanders Re II Ltd. (Series 2024-2) catastrophe bond may face a loss, while the companies year-to-date pre-tax catastrophe losses have reached $4.84 billion after October.Previously, Allstate had reported an initial estimate for its hurricane … Read more
RenaissanceRe, the Bermuda based reinsurance company and third-party capital manager, has returned to the catastrophe bond market seeking $250 million or more in multi-peril retrocessional from a Mona Lisa Re Ltd. (Series 2025-1) issuance, to cover risks in its own portfolio and that of its flagship partner capital vehicle DaVinci Re.This will be the sixth … Read more
US primary insurer Allstate is back in the catastrophe bond market and seeking $350 million or more in multi-peril catastrophe reinsurance protection from the capital markets through a Sanders Re II Ltd. (Series 2024-3) issuance, Artemis can report.For Allstate, this new catastrophe bond will be the twentieth in the Sanders Re series of deals and … Read more
Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. China has borrowed almost as cheaply as the US after returning to the global dollar bond market for the first time in three years. Investors placed nearly $40bn of orders to buy $2bn … Read more