Beazley has secured $200mn of natural catastrophe reinsurance protection through its latest cat bond, Fuschia 2.
Digital ILS marketplace CatX has partnered with Verisk to allow capital market investors to use the firm's catastrophe risk models to assess risks on CatX's Catamaran platform.
Mapfre Re, the reinsurance arm of Spanish insurer Mapfre, has sponsored its first ever catastrophe bond, raising $125mn.
The London insurance market is abuzz following the launch of a trio of UK government consultations, with the moves heralded as a significant step forward for the industry.
Talanx has issued its debut catastrophe bond to provide multi-year reinsurance protection for earthquake risks in Chile.
Staff at state insurer of last resort Citizens Property Insurance Corporation of Florida have budgeted for $4.453bn of risk transfer through transitional reinsurance and the capital markets next year, which would be an increase from the $3.564bn placed this year.
Generali sees capital markets investors as an additional source of capacity for its parametric portfolio, which can diversify its reinsurance panel, the firm's global head of parametric products and solutions for Global Corporate & Commercial Michele Pignoli has said.
A lack of institutional investor uptake will likely slow growth in the cyber catastrophe bond market, according to participants in The Insurer TV’s ILS panel at this year’s Rendez-Vous in Monte Carlo.
ILS investment manager Twelve Capital is preparing to launch a fund dedicated to parametric risk transfer, its ILS senior advisor Dr Rom Aviv revealed at the Weather Risk Management Association (WRMA) conference in London.
Legacy specialist Enstar has acquired a Bermuda-domiciled Class 3B insurer and segregated accounts company through its subsidiary Cavello Bay reinsurance.
Markel-backed Chard Re has appointed William Orendorf as chief underwriting officer.
Beazley CEO Adrian Cox has doubled down on the role played by catastrophe bonds and industry loss warranty (ILW) arrangements in the carrier’s cyber reinsurance protection.
Singapore’s government and financial regulator have signalled their support to grow the city-state’s role as a hub for parametric solutions, in the latest indicator of the rising role alternative risk transfer instruments are playing in the region.
Misconceptions are driving a backlash against parametric catastrophe bonds, Plenum Investments’ Dirk Schmelzer has told
Year-to-date cat bond issuance of $13bn across 75 issues is forecasted to surpass record issuance in 2023 of $16bn from 95 deals, according to Fitch Ratings, with Helene and Milton not expected to cause significant losses to cat bond investors.