AXA Group reported that gross written premiums grew by 12% for its AXA XL Reinsurance division during the first-quarter of the year, but the firm’s CFO Alban de Mailly Nesle explained that the majority of that was ceded to insurance-linked securities (ILS) strategies.Within the AXA XL Reinsurance division gross premiums underwritten increased by 12% to … Read more
RenaissanceRe, the Bermuda based reinsurance firm and third-party capital specialist, is anticipating that its assets under management (AUM) across its joint-ventures and ILS funds will be “stable to up” over the rest of 2025, while fee income should resume its typical run-rate over the coming quarters.RenaissanceRe (RenRe) had reported that the California wildfire losses earlier … Read more
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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
Global reinsurance company SCOR has now secured the 20% upsized target for $240 million in fully-collateralized retrocession from its new Atlas Capital DAC (Series 2025-1) catastrophe bond, with the notes now priced 6.5% below the mid-point of initial spread guidance, Artemis has learned.SCOR returned to the cat bond market in March, with an initial target … Read more