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
Conduit Re, the pure-play Bermuda reinsurance company, has announced its intention to purchase more retrocession to protect its earnings from volatility due to secondary peril loss impacts, while the company has also announced that CEO Trevor Carvey is stepping down.The company reiterated its expectation that the California wildfires in January 2025 will generate a $100 … Read more
According to new survey data collected by the Bermuda Monetary Authority (BMA), Bermuda-based insurance and reinsurance companies made increased use of industry-loss warranties (ILW’s), quota share arrangements and retrocession in 2023.The Bermuda financial market regulator each year publishes its stress test results and an assessment of catastrophe risk exposure in the local insurance and reinsurance … Read more
The usage of collateralized retrocession limits has elevated among the many largest reinsurance corporations as different capital continues to be a crucial supply of retro safety, however for some retro patrons the price of protection stays too excessive, S&P World Scores has mentioned.In actual fact, throughout reinsurance corporations analysed by S&P, their January 1st 2024 … Read more