Hannover Re now seeks up to $200m of aggregate retro from 3264 Re 2025 cat bond
Hannover Re is now seeking an upsized $200 million in broad retrocession covering worldwide peak perils on an annual aggregate basis, from its new 3264 Re Ltd. (Series 2025-1) cat bond transaction that is in the market, Artemis has learned. The reinsurer returned to the cat bond market earlier this month, with an initial target to secure $175 […]
Generali and BPCE to establish €1.9trn asset management joint venture
Generali and BPCE have signed a non-binding Memorandum of Understanding (MoU) to create a joint venture between their respective asset management operations. With over €1.9 trillion of assets under management (AUM), the combined business would reportedly create a global asset management platform with leading positions and critical scale in both Europe and North America. According […]
UCITS cat bond funds grow 26% in 2024, end year with $13.8bn under management
Catastrophe bond funds in the UCITS format continued their strong growth through the end of last year, reaching a new high of just over $13.8 billion in cat bond assets under management, which represents very impressive 26% growth through 2024. In the final quarter of 2024, these UCITS structured catastrophe bond investment funds added almost […]
Altor Re launches as reinsurance and ILS focused broker in London
Altor Re Ltd, a new London based brokerage that specialises in placing insurance-linked securities (ILS) and reinsurance business globally, has officially been launched by founder Raj Jadeja. Established in October 2024, the company is “poised to revolutionise” the reinsurance brokerage landscape, leveraging data-driven techniques in order to meet the evolving needs of its clients. Moreover, Altor […]
BSX maintains position as ILS listings leader, with ~92% of cat bond market
The Bermuda Stock Exchange (BSX) has maintained its position as the leading exchange in the world for the listing of insurance-linked securities (ILS) instruments in 2024, with roughly 92% of outstanding catastrophe bond issuance finding a home there as of the end of the year. In the catastrophe bond and related private ILS space, the […]
Despite tightening, cat bond spreads still around 280bps above US high-yield: Twelve Capital
Despite the tightening of catastrophe bond spreads seen through the second-half of 2024 the asset class remains elevated compared to US high-yield bond offerings, with investment manager Twelve Capital estimating cat bond spreads are around 280bps higher at this time. The investment manager said 2024 was “an exceptional year for the asset classes in which […]
Cat bond inflows help expand alternative reinsurance capital to $113bn: Aon
By the end of September this year, the amount of alternative capital in the reinsurance industry had increased by 5% over the nine-months of 2024, to reach another new high of $113 billion, helped by retained earnings and catastrophe bond market inflows, broker Aon has said. Overall, total dedicated reinsurance market capital expanded by almost […]
Munich Re secures Eden Re II reinsurance sidecar at $150m again for 2025
Having begun its Eden Re II Ltd. collateralized reinsurance sidecar placements with the largest Class A tranche of notes since 2019, global reinsurer Munich Re has now added the usual Class B issuance, but this tranche has been placed at just $85.5 million, which is the smallest size for that layer since right back in […]
UCITS catastrophe bond funds average 13.62% return for 2024: Plenum Indices
Catastrophe bond fund strategies in the UCITS format have averaged a 13.62% return for full-year 2024, according to the latest data from the Plenum CAT Bond UCITS Fund Indices. While this is behind the record returns achieved in 2023, it remains historically very high and more than double the previous annual high of 6.28% in 2013. […]
Insurance Authority welcomes Silk Road Re cat bond, sixth under Hong Kong ILS regulations
Hong Kong’s Insurance Authority (IA) has welcomed the recent issuance of the latest and sixth catastrophe bond under its insurance-linked securities (ILS) regulatory regime, saying the US $35 million Silk Road Re Limited cat bond sponsored by Taiping Re reinforces its commitment to the sector. As we’ve been reporting, Taiping Re secured a three-year source of fully-collateralized retrocessional […]