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
Florida Peninsula Insurance Company has now successfully priced its latest catastrophe bond transaction, securing the 43% upsized target of $250 million of named storm reinsurance protection from the new Palm Re Ltd. (Series 2025-1) issuance, while pricing of the notes was finalised roughly 10% below the mid-point of the initial guidance range, Artemis has learned.Florida … Read more
The ioXt Alliance, the global standard for IoT security, said last week Tuya Smart has certified its Wi-Fi module through the ioXt Certification Program. The product certification marks the beginning of Tuya’s relationship with ioXt and further expansion for the ioXt Alliance through Tuya’s global all-in-one AIoT platform. The Alliance is backed by the biggest … Read more
US primary insurer Allstate has now successfully priced its latest catastrophe bond transaction, securing the upsized 150% target of $750 million of collateralized multi-peril and multi-year catastrophe reinsurance protection from the Sanders Re II Ltd. (Series 2025-1) issuance, which marks the company’s joint-largest cat bond sponsorship ever.Allstate returned to the catastrophe bond market in February … Read more
Nashville, TN – Mar. 11, 2025 – 360 Privacy, a leading digital executive protection platform, today announced that it has secured a $36 million growth equity investment from FTV Capital, a sector-focused growth equity firm with a successful track record of investing across the enterprise technology landscape. The investment will enable 360 Privacy to expand its engineering and … Read more