Fidelis Insurance has now secured its upsized target of $90 million of worldwide aggregate retrocession through the new Herbie Re Ltd. (Series 2025-1) catastrophe bond issuance, while the notes have now been priced at the low-end of initial guidance, Artemis can report.Fidelis Insurance ventured back to the catastrophe bond market earlier in May, initially aiming … Read more
Confused by all the renewal notices at the start of the year? Many employers in Retro programs mistakenly believe that renewing their association membership locks them into their current Retro group. Let’s clear that up—and show you how this misunderstanding could cost you. Association Membership Renewals ExplainedRenewing … Read more
According to independent insurance-linked securities (ILS) investment manager Euler ILS Partners, the Los Angeles, California wildfires could have a significant impact on US pricing, especially if insurance industry losses were to exceed $30 billion.As we’ve been reporting, official reports state that over 17,000 structures have been damaged or destroyed by the wildfires, and the first … Read more
An easing of conditions in the retrocession market has helped to bolster capacity in advance of the January 1st 2025 reinsurance renewals, resulting in a situation where capital was more than adequate to meet growing client demand, broker Aon has said today.Overall, reinsurance capital providers showed greater flexibility to buyers after a second year in … Read more
We’ve learned a few more details about the new Silk Road Re Limited catastrophe bond transaction that is set to be issued out of Hong Kong, with the notes set to provide sponsor Taiping Reinsurance Company (Taiping Re) with a US $35 million source of three years of retrocessional protection.Yesterday, we reported that Taiping Re … Read more