Florida’s Citizens Property Insurance Corporation, the state’s insurer of last resort, is aiming to purchase $2.94 billion of new traditional reinsurance and catastrophe bonds for the 2025 hurricane season, which would take its total risk transfer to $4.54 billion this year.Florida Citizens still has $1.6 billion of catastrophe bonds outstanding to provide protection through the … Read more
Having increased its estimate for National Flood Insurance Program (NFIP) losses from hurricane Helene, we’re told that FEMA has gone ahead with the partial repayment of principal and also extended the maturity dates for two of its FloodSmart Re catastrophe bond tranches.The U.S. Federal Emergency Management Agency (FEMA) had put an initial estimate for NFIP … Read more
Qube Research & Technologies (QRT), a global quantitative and systematic investment manager that specialises in a technology and data-driven approach to allocation across liquid asset classes, has hired Securis catastrophe bond portfolio management specialist Raphael Rayees, the company has confirmed.Qube Research & Technologies (QRT) entered the insurance-linked securities (ILS) market recently, launching a quantitative trading … Read more
The entry of market makers to enhance liquidity options in the secondary market for trading catastrophe bonds would be a dream come true, speakers suggested at the SIFMA ILS 2025 conference in Miami yesterday.Exploring the secondary trading environment in the catastrophe bond sector, panellists from the investor side, in one of yesterday’s discussions at the … Read more
Coastal property managing general underwriter SageSure’s CEO said it is “proud to support” its carrier partners, as its largest catastrophe bond transaction yet closes, the $520 million Gateway Re Ltd. (Series 2025-1), while executives also expressed gratitude to the insurance-linked securities (ILS) community for supporting the Gateway Re series.SageSure returned to the catastrophe bond market … Read more
