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Grant Thornton completes bulk annuity deal with Royal London
Grant Thornton completes bulk annuity deal with Royal London
Grant Thornton has sealed a £275 million buy-in for its defined benefit (DB) pension scheme with Royal London. It covers 2,200 members of the Grant Thornton Pensions Fund. The trustee board has also developed a project plan to reach full buyout with Royal London, according to the insurer. [Read more at Pensions Expert]
#Pensions#ART#Longevity#UnitedKingdom
·pensions-expert.com·
Grant Thornton completes bulk annuity deal with Royal London
Ariel Re targets addition of wildfire retrocession with new $125m Titania Re cat bond
Ariel Re targets addition of wildfire retrocession with new $125m Titania Re cat bond
Ariel Re is looking to issue at least $125 million Titania Re Ltd. (Series 2025-1) two-tranche four-year catastrophe (CAT) bonds. They will cover losses from named storms and earthquakes across 50 U.S. states, Puerto Rico, U.S. Virgin Islands, D.C. and Canada, plus wildfire risks across the U.S. and District Of Columbia, on an annual aggregate and industry loss triggered basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Ariel Re targets addition of wildfire retrocession with new $125m Titania Re cat bond
Everest seeks $450m+ retro with two Kilimanjaro Re II cat bond series
Everest seeks $450m+ retro with two Kilimanjaro Re II cat bond series
Everest Re is looking to issue at least $450 million Kilimanjaro II Re Ltd. catastrophe (CAT) four-tranche bonds split across two series differentiated only by their terms to maturity. The Series 2025-1 bonds will run for four-years and the Series 2025-2 bonds for five years. They will cover losses from certain named storms and earthquakes that impact the United States, Puerto Rico, U.S. Virgin Islands, D.C., and Canada, on a regionally weighted industry-loss trigger basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Everest seeks $450m+ retro with two Kilimanjaro Re II cat bond series
$30m Koi Re 2025-1 private catastrophe bond notes issued by Sailfish Re Ltd.
$30m Koi Re 2025-1 private catastrophe bond notes issued by Sailfish Re Ltd.
Sailfish Re Ltd. will issue $30million Koi Re Series 2025-1 single-tranche one-year natural catastrophe (CAT) bonds. [Source: Artemis.bm]
Bermuda-domiciled special purpose insurer Sailfish Re Ltd. has issued a $30 million tranche of private catastrophe bond notes for an unknown sponsor, under a Koi Re Series 2025-1 issuance, Artemis has learned.
#CAT#ILS#ART
·artemis.bm·
$30m Koi Re 2025-1 private catastrophe bond notes issued by Sailfish Re Ltd.
The Hanover prices upsized $200m Commonwealth Re cat bond below initial guidance
The Hanover prices upsized $200m Commonwealth Re cat bond below initial guidance
The Hanover Insurance Group will issue $200 million Commonwealth Re Ltd. (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds versus the original $150 million target. They will cover losses from US named storms, earthquakes, severe thunderstorms, winter storms and wildfires on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
The Hanover prices upsized $200m Commonwealth Re cat bond below initial guidance
Morrisons purchases £270m buy-in from Aviva
Morrisons purchases £270m buy-in from Aviva
Supermarket chain Morrisons secured a £270 million buy-in with Aviva covering 32,000 deferred members of its cash balance defined benefit plan. Aviva also underwrote a “winding-up lump sum” exercise for approximately 30,000 pension scheme members. This enabled members to take their benefits as a one-off cash payment rather than take a regular retirement income. [Source: Pensions Expert]
#Longevity#Pensions#UnitedKingdom#ART
·pensions-expert.com·
Morrisons purchases £270m buy-in from Aviva
Vermont Mutual returns to sponsor largest Baldwin Re cat bond yet at $200m
Vermont Mutual returns to sponsor largest Baldwin Re cat bond yet at $200m
Vermont Mutual Insurance Company is looking to issue at least $200 million Baldwin Re Ltd. (Series 2025-1) single-tranche four-year catastrophe (CAT) bonds. They will cover losses from US Northeast, named storm, earthquake, severe weather, and fire on an indemnity and per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Vermont Mutual returns to sponsor largest Baldwin Re cat bond yet at $200m
AmTrust returns to cat bond market seeking $100m Solis Re named storm reinsurance
AmTrust returns to cat bond market seeking $100m Solis Re named storm reinsurance
AmTrust Financial Services is looking to issue at least $100 million Solis Re Ltd. (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from named storms that impact U.S. northeast states on an indemnity and per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
AmTrust returns to cat bond market seeking $100m Solis Re named storm reinsurance
Fidelis secures upsized $90m of aggregate retro from Herbie Re 2025-1 cat bond
Fidelis secures upsized $90m of aggregate retro from Herbie Re 2025-1 cat bond
Fidelis Insurance will issue $90 million Herbie Re Ltd. (Series 2025-1) single-tranche two-year catastrophe (CAT) bonds, versus the original $75 million target. They will cover losses from North America named storms, North America earthquakes, US severe thunderstorms, US wildfires, US winter storms, US Caribbean earthquakes, Japan typhoons, Japan earthquakes, Canada severe storms, Canada winter storms, European windstorms, Italy earthquakes, Turky earthquakes, Australia earthquakes, Australia tropical cyclones, and New Zealand earthquakes on an annual aggregate and industry loss index basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Fidelis secures upsized $90m of aggregate retro from Herbie Re 2025-1 cat bond
Canopius returns to renew and upsize its Finca Re catastrophe bond to $125m or more
Canopius returns to renew and upsize its Finca Re catastrophe bond to $125m or more
Canopius Group is looking to issue at least $125 million Finca Re Ltd. (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from US named storms and earthquakes (including Puerto Rico and the US Virgin Islands) on a territory-weighted industry loss trigger basis, while the coverage will be annual aggregate in nature, with an index franchise deductible in-force for qualifying events to be above a certain threshold over each annual risk period. [Source: Artemis.bm]
#CAT#ILS#ART#UnitedStates
·artemis.bm·
Canopius returns to renew and upsize its Finca Re catastrophe bond to $125m or more
Massachusetts MPIUA secures 50% upsized $225m Mayflower Re 2025 cat bond
Massachusetts MPIUA secures 50% upsized $225m Mayflower Re 2025 cat bond
The Massachusetts Property Insurance Underwriting Association (MPIUA) will issue $225 million Mayflower Re Ltd. (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds, versus the original $150 million target. They will cover losses from Massachusetts named storms, severe thunderstorms and winter storms on an indemnity and annual aggregate basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Massachusetts MPIUA secures 50% upsized $225m Mayflower Re 2025 cat bond
Canada's Yellow Pages completes C$210 million pension buyout
Canada's Yellow Pages completes C$210 million pension buyout
Canada's Yellow Pages Limited purchased a C$210 million group annuity contracts from BMO (Bank of Montreal) Life Assurance Company. It will cover the pension benefits of approximately 860 pensioners and beneficiaries of the company. Following the transaction, Yellow Pages will have reduced its defined benefit pension plan obligations by approximately 50 percent. [Read more at Yellow Pages]
#Canada#Pensions#Longevity#ART
·corporate.yp.ca·
Canada's Yellow Pages completes C$210 million pension buyout
Allstate secures targeted $150m Florida reinsurance from Sanders Re II 2025-2 cat bond
Allstate secures targeted $150m Florida reinsurance from Sanders Re II 2025-2 cat bond
Allstate will issue the targeted $150 million of Sanders Re II Ltd. (Series 2025-2) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from Florida named storm, earthquake, severe weather, wildfire, volcanic eruption, and meteorite impact on a cascading indemnity and per-occurrence trigger basis. [Source: Artemis.bm]
#CAT#ILS#ART#UnitedStates
·artemis.bm·
Allstate secures targeted $150m Florida reinsurance from Sanders Re II 2025-2 cat bond
Generali secures EUR200m Lion Re DAC "green cat bond" renewal
Generali secures EUR200m Lion Re DAC "green cat bond" renewal
Assicurazioni Generali S.p.A. will issue EUR 200 million Lion Re DAC (Series 2025-1) two-tranche four-year catastrophe (CAT) bonds. They will cover losses from windstorms across Europe and earthquakes in Italy on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#GreenFinance#ART
·artemis.bm·
Generali secures EUR200m Lion Re DAC "green cat bond" renewal
State Farm in record cat bond sponsorship, with $1.55bn Merna Re II 2025
State Farm in record cat bond sponsorship, with $1.55bn Merna Re II 2025
State Farm issued $1.55 billion four Merna Re II Ltd. (Series 2025) single-tranche three-year catastrophe (CAT) bonds. The perils differ across each of the bonds, with some regional differences and exclusions of states as well, but they will most certainly cover losses from U.S. named storms, earthquakes, severe and convective weather including hail, tornado, as well as winter storm risks on an indemnity basis. See also: https://www.artemis.bm/deal-directory/merna-re-ii-ltd-series-2025/ [Source: Artemis.bm]
#CAT#ILS#ART#UnitedStates
·artemis.bm·
State Farm in record cat bond sponsorship, with $1.55bn Merna Re II 2025
Hannover Re secures 50% upsized $150m 3264 Re peak peril retro cat bond
Hannover Re secures 50% upsized $150m 3264 Re peak peril retro cat bond
Hannover Re will issue $150 million 3264 Re Ltd. (Series 2025-2) single-tranche three-year catastrophe (CAT) bonds, versus the original $100 million target. They will provide per-occurrence coverage for northeast US named storms and annual aggregate retrocessional reinsurance for North American earthquakes, using an industry-loss trigger and based on industry losses reported by PCS for personal, commercial and auto lines of business. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Hannover Re secures 50% upsized $150m 3264 Re peak peril retro cat bond
CEA seeks $250m Ursa Re II 2025-1 cat bond to extend California quake reinsurance
CEA seeks $250m Ursa Re II 2025-1 cat bond to extend California quake reinsurance
The California Earthquake Authority (CEA) is looking to issue at least $250 million Ursa Re II Ltd. (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from California earthquakes on an indemnity trigger and annual aggregate basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
CEA seeks $250m Ursa Re II 2025-1 cat bond to extend California quake reinsurance
Kingstone secures debut 1886 Re cat bond 25% upsized at $125m - Artemis.bm
Kingstone secures debut 1886 Re cat bond 25% upsized at $125m - Artemis.bm
U.S.-based Kingstone Companies will issue $125 million 1886 Re Ltd. (Series 2025-1) single-tranche four-year catastrophe (CAT) bonds, versus the original $100 million target. They will cover losses from named storms across New York, New Jersey, Connecticut, Massachusetts and Rhode Island on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Kingstone secures debut 1886 Re cat bond 25% upsized at $125m - Artemis.bm
The Hanover targets $150m Commonwealth Re multi-peril cat bond
The Hanover targets $150m Commonwealth Re multi-peril cat bond
The Hanover Insurance Group is looking to issue at least $150 million Commonwealth Re Ltd. (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from US named storms, earthquakes, severe thunderstorms, winter storms and wildfires on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
The Hanover targets $150m Commonwealth Re multi-peril cat bond
Liongate Re cat bond secures $100m Japan indemnity & German parametric quake reinsurance
Liongate Re cat bond secures $100m Japan indemnity & German parametric quake reinsurance
Japanese insurer Zenkyoren will issue $100million Liongate Re DAC single-tranche three-year catastrophe (CAT) bonds. They will cover losses from Japanese earthquakes on an aggregate and indemnity trigger basis, and German earthquakes on a per-occurrence parametric basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Liongate Re cat bond secures $100m Japan indemnity & German parametric quake reinsurance
Allstate seeks $150m Florida cat bond, Sanders Re II 2025-2
Allstate seeks $150m Florida cat bond, Sanders Re II 2025-2
Allstate is looking to issue at least $150 million Sanders Re II Ltd. (Series 2025-2) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from Florida named storm, earthquake, severe weather, wildfire, volcanic eruption, and meteorite impact on a cascading indemnity and per-occurrence trigger basis. [Source: Artemis.bm]
#CAT#ILS#ART#UnitedStates
·artemis.bm·
Allstate seeks $150m Florida cat bond, Sanders Re II 2025-2
Texas FAIR Plan to issue $200m Bluebonnet Re 2025-2 cat bond
Texas FAIR Plan to issue $200m Bluebonnet Re 2025-2 cat bond
The Texas FAIR Plan Association (TFPA) (managed by the Texas Windstorm Insurance Association (TWIA)) will issue $200 million Bluebonnet Re Ltd. (Series 2025-2) single-tranche two-year catastrophe (CAT) bonds. They will cover losses from named storms, severe thunderstorms and wildfires in the State of Texas on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#ART#UnitedStates
·artemis.bm·
Texas FAIR Plan to issue $200m Bluebonnet Re 2025-2 cat bond
Illiquid asset sales platform launches to aid schemes heading for buyout
Illiquid asset sales platform launches to aid schemes heading for buyout
An illiquid asset sales platform is preparing for its first auction of investments from private sector defined benefit (DB) pension schemes. The platform, MeltX, is designed to help DB schemes sell illiquid assets such as infrastructure and real estate to access additional liquidity as they prepare for potential bulk annuity transactions. [Source: PensionsExpert]
#Pensions#Longevity#ART#UnitedKingdom
·pensions-expert.com·
Illiquid asset sales platform launches to aid schemes heading for buyout
Fidelis seeks worldwide aggregate retro with new $75m Herbie Re 2025-1 cat bond
Fidelis seeks worldwide aggregate retro with new $75m Herbie Re 2025-1 cat bond
Fidelis Insurance is looking to issue at least $75 million Herbie Re Ltd. (Series 2025-1) single-tranche two-year catastrophe (CAT) bonds. They will cover losses from North America named storms, North America earthquakes, US severe thunderstorms, US wildfires, US winter storms, US Caribbean earthquakes, Japan typhoons, Japan earthquakes, Canada severe storms, Canada winter storms, European windstorms, Italy earthquakes, Turkey earthquakes, Australia earthquakes, Australia tropical cyclones, and New Zealand earthquakes on an annual aggregate and industry loss index basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Fidelis seeks worldwide aggregate retro with new $75m Herbie Re 2025-1 cat bond
Slide secures its largest cat bond yet, $250m Purple Re 2025-1
Slide secures its largest cat bond yet, $250m Purple Re 2025-1
Slide Insurance Company will issue $250 million Purple Re Ltd. (Series 2025-1) two-tranche three-year catastrophe (CAT) bonds. They will cover losses from named storms that impact Florida and South Carolina on an indemnity and per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#ART#UnitedStates
·artemis.bm·
Slide secures its largest cat bond yet, $250m Purple Re 2025-1
US Coastal secures upsized $330m Chartwell Re cat bond priced below guidance
US Coastal secures upsized $330m Chartwell Re cat bond priced below guidance
US Coastal Insurance Company and US Coastal Property & Casualty Insurance Company will jointly issue $330 million Chartwell Re Ltd. (Series 2025-1) three-tranche three-year catastrophe (CAT) bonds, versus the original target of $310 million. They will cover losses from named storms that impact Alabama, Florida, Mississippi, New Jersey, New York, Rhode Island, and Texas, on an indemnity trigger, per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#ART#UnitedStates
·artemis.bm·
US Coastal secures upsized $330m Chartwell Re cat bond priced below guidance
Florida Citizens secures the biggest cat bond ever, $1.525bn Everglades Re II
Florida Citizens secures the biggest cat bond ever, $1.525bn Everglades Re II
Citizens Property Insurance Corporation will issue $1,525 million Everglades Re II Ltd. (Series 2025-1) four-tranche three-year catastrophe (CAT) bonds, versus the original $975 million target. They will cover losses from named storms that impact Florida on an indemnity trigger basis. [Source: Artemis.bm]
#CAT#ILS#ART#UnitedStates
·artemis.bm·
Florida Citizens secures the biggest cat bond ever, $1.525bn Everglades Re II