QBE Insurance Group, the Australia headquartered global insurance and reinsurance company, is back in the catastrophe bond market for the first time since 2013, with a target to secure $250 million or more in retrocession from a Bridge Street Re Ltd. (Series 2025-1) issuance, Artemis has learned.QBE was last in the catastrophe bond market in … Read more
As the Atlantic hurricane season drew to its close, the overall yield of the catastrophe bond market continued its typical seasonal declining trend, albeit at a slightly slower pace as there were also supply-demand factors evident in the market, but still by the end of November 2024, the cat bond market yield stood at a … Read more
Stay informed with free updates Simply sign up to the Sovereign bonds myFT Digest — delivered directly to your inbox. China’s long-term bond yields have fallen below Japan’s for the first time, as investors bet that the world’s second-biggest economy will become bogged down by the deflation that has long afflicted its neighbour. A rally … Read more
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
