RenaissanceRe, the Bermuda based reinsurance company and third-party capital manager, has returned to the catastrophe bond market seeking $250 million or more in multi-peril retrocessional from a Mona Lisa Re Ltd. (Series 2025-1) issuance, to cover risks in its own portfolio and that of its flagship partner capital vehicle DaVinci Re.This will be the sixth … Read more
US primary insurer Allstate is back in the catastrophe bond market and seeking $350 million or more in multi-peril catastrophe reinsurance protection from the capital markets through a Sanders Re II Ltd. (Series 2024-3) issuance, Artemis can report.For Allstate, this new catastrophe bond will be the twentieth in the Sanders Re series of deals and … Read more
The global IT outage caused by a defective software update from CrowdStrike has highlighted the “persistent uncertainty” in the cyber catastrophe bond and insurance-linked securities (ILS) asset class, rating agency AM Best said, also highlighting that there is uncertainty surrounding the tail and potential for loss development, which it seems is misunderstood.On CrowdSrike, AM Best … Read more
Jordan Strah has taken on the position of Portfolio Manager for the catastrophe bond funds and other insurance-linked securities (ILS) strategies at Franklin Templeton Investment Solutions.Strah joined K2 Advisors, the hedge fund focused unit of Franklin Templeton, back in 2022 working as a Research Analyst and Portfolio Manager within the team that looked after the … Read more
Already in 2024, the dollar amount of new Rule 144A property catastrophe bonds issued and settled has reached the second-highest level on record, with almost $12.8 billion in completed property cat bond deals tracked in the Artemis Deal Directory so far this year.Using our charts you can analyse the mix of issuance we include in … Read more
