Great American Insurance Group is now targeting between $300 million and $350 million in multi-peril collateralized reinsurance through its Riverfront Re Ltd. (Series 2025-1) transaction, so likely to be its largest catastrophe bond issuance yet, while price spread guidance has been updated for the tranches of notes, Artemis has learned.Great American Insurance Group returned to … Read more
The City National Rochdale Select Strategies Fund, a mutual insurance-linked securities (ILS) strategy focused on industry loss warranties (ILWs) and catastrophe bonds, delivered a net return of 11.77% for the year ended January 31, 2025.While down from the 15.58% return recorded the previous year, 2024’s performance still marked a second consecutive year of strong, above-average … Read more
Catastrophe bond market issuance has already set a new record for the first-four months of the year in 2025, even with half the month of April still to run and billions more in issuance scheduled to settle before May, which has the potential to make this the busiest four-month stretch ever for the sector.The stunning … Read more
The average return of UCITS catastrophe bond fund strategies was 1.38% for the first-quarter of 2025, according to the Plenum CAT Bond UCITS Fund Indices. But lower-risk cat bond funds led the way by averaging 1.50% for the period as a group, as they generally had less exposure to the California wildfire cat bond mark-downs.March … Read more
French reinsurer SCOR has cited the benefits of early issuance as being a key factor behind the successful placement of its latest catastrophe bond, saying this helped them access currently favourable market conditions with the recent $240 million Atlas Capital DAC (Series 2025-1).SCOR returned to the catastrophe bond market in March with its latest Atlas … Read more