Cyber & Parametric ILS gain momentum as cat bond market evolves: AM Best – Go Health Pro

Cyber & Parametric ILS gain momentum as cat bond market evolves: AM Best – Go Health Pro

The insurance-linked securities (ILS) market is continuing to evolve beyond traditional catastrophe bonds, with growing issuance in cyber and parametric segments, reflecting efforts to close protection gaps and provide alternative risk transfer solutions, according to a new report from AM Best.While indemnity-based catastrophe bonds still heavily dominate the market, AM Best highlights the rising use … Read more

Ocean Harbor secures debut Oceanside Re 2025-1 cat bond at targeted $75m size – Go Health Pro

Ocean Harbor secures debut Oceanside Re 2025-1 cat bond at targeted m size – Go Health Pro

Ocean Harbor Insurance Group has successfully priced its debut catastrophe bond with the Oceanside Re Ltd. (Series 2025-1) issuance set to provide the targeted $75 million of collateralized multi-year catastrophe reinsurance for named storm and severe weather risks in the state of New York.Ocean Harbor entered the catastrophe bond market as a first time sponsor … Read more

USAA could upsize new Residential Re 2025-1 cat bond to $425m – Go Health Pro

USAA could upsize new Residential Re 2025-1 cat bond to 5m – Go Health Pro

We’ve learnt that insurer USAA is aiming to upsize its latest catastrophe bond to provide as much as $425 million of annual aggregate reinsurance protection, an increase from the initial $400 million target, for this new Residential Reinsurance 2025 Limited (Series 2025-1) deal.USAA continues to be the most consistent of catastrophe bond sponsors, augmenting and … Read more

The level of cat bond and parametric work we’re doing is exceptional: Aon CEO – Go Health Pro

The level of cat bond and parametric work we’re doing is exceptional: Aon CEO – Go Health Pro

Having reported another quarter of double-digit revenue growth for its catastrophe bond and insurance-linked securities (ILS) related activities, Greg Case the CEO of broking giant Aon also highlighted parametric risk transfer as another area he sees activity levels as exceptional in.Reporting its first-quarter results today, Aon disclosed 4% organic revenue growth in its Reinsurance Solutions … Read more

Utica National looks to upsize Genesee Street Re cat bond to as much as $150m – Go Health Pro

Utica National looks to upsize Genesee Street Re cat bond to as much as 0m – Go Health Pro

Utica National Insurance Group is now aiming to upsize its debut Genesee Street Re Ltd. (Series 2025-1) catastrophe bond issuance, with the target lifted to as much as $150 million in US named storm and severe thunderstorm reinsurance protection, Artemis has learned.Utica National Insurance Group entered the catastrophe bond market for the first time earlier … Read more