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USAA secures $425m aggregate reinsurance from new Residential Re 2025-1 cat bond
USAA secures $425m aggregate reinsurance from new Residential Re 2025-1 cat bond
USAA will issue $400 million Residential Reinsurance 2025 Limited (Series 2025-1) three-tranche four-year catastrophe (CAT) bonds, versus the original $400 million target. They will cover losses from U.S. tropical cyclones, earthquakes (plus fire following), severe thunderstorm, winter storm, wildfire, volcanic eruption, meteorite impact, other perils (all including auto & renter policy flood losses) on an annual aggregate and indemnity basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
USAA secures $425m aggregate reinsurance from new Residential Re 2025-1 cat bond
Ocean Harbor secures debut Oceanside Re 2025-1 cat bond at targeted $75m size
Ocean Harbor secures debut Oceanside Re 2025-1 cat bond at targeted $75m size
Ocean Harbor Insurance Group will issue $75 million Oceanside Re Ltd. (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from named storm and severe weather risks in the state of New York on a per-occurrence basis and using an indemnity trigger. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Ocean Harbor secures debut Oceanside Re 2025-1 cat bond at targeted $75m size
UK DB risk transfer market sees insurer supply exceed demand
UK DB risk transfer market sees insurer supply exceed demand
The U.K. defined benefit (DB) risk transfer market is witnessing a “fundamental transformation” with insurer supply now exceeding demand for the first time in several years, Hymans Robertson has suggested... It credited a combination of growing insurer appetite, efficiency innovations and new providers joining the market for “significantly” boosting capacity, particularly for schemes under £100 million, which it said is leading to greater insurer competition across all transaction sizes. [Source PensionsAge]
#Pensions#UnitedKingdom#Longevity#ART
·pensionsage.com·
UK DB risk transfer market sees insurer supply exceed demand
Massachusetts MPIUA targets $150m Mayflower Re 2025 catastrophe bond
Massachusetts MPIUA targets $150m Mayflower Re 2025 catastrophe bond
The Massachusetts Property Insurance Underwriting Association (MPIUA)is looking to issue at least $150 million Mayflower Re Ltd. (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds. 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 targets $150m Mayflower Re 2025 catastrophe bond
Cabrillo's US Coastal insurers sponsoring $310m Chartwell Re catastrophe bond
Cabrillo's US Coastal insurers sponsoring $310m Chartwell Re catastrophe bond
US Coastal Insurance Company and US Coastal Property & Casualty Insurance Company are jointly looking to issue at least $310 million Chartwell Re Ltd. (Series 2025-1) three-tranche three-year catastrophe (CAT) bonds. 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·
Cabrillo's US Coastal insurers sponsoring $310m Chartwell Re catastrophe bond
Hannover Re seeks wind & quake retrocession from $100m 3264 Re cat bond
Hannover Re seeks wind & quake retrocession from $100m 3264 Re cat bond
Hannover Re is looking to issue at least $100 million 3264 Re Ltd. (Series 2025-2) single-tranche three-year catastrophe (CAT) bonds. 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 seeks wind & quake retrocession from $100m 3264 Re cat bond
Generali seeking to renew its “green cat bond” with EUR200m Lion Re DAC
Generali seeking to renew its “green cat bond” with EUR200m Lion Re DAC
Assicurazioni Generali S.p.A. is looking to issue at least 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#ART
·artemis.bm·
Generali seeking to renew its “green cat bond” with EUR200m Lion Re DAC
Utica National secures debut Genesee Street Re cat bond 21% upsized to $150m
Utica National secures debut Genesee Street Re cat bond 21% upsized to $150m
Utica National Insurance Group will issue $150 million Genesee Street Re Ltd. (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds, versus the original $125 million target. They will cover losses from US eastern state (Connecticut, Delaware, District of Columbia, Georgia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Vermont, Virginia, and West Virginia) named storms and severe thunderstorms on on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Utica National secures debut Genesee Street Re cat bond 21% upsized to $150m
Palomar secures its largest cat bond yet, $525m Torrey Pines Re 2025-1
Palomar secures its largest cat bond yet, $525m Torrey Pines Re 2025-1
Palomar Insurance Holdings will issue $525 million Torrey Pines Re Ltd. (Series 2025-1) three-tranche three-year catastrophe (CAT) bonds, versus the original $425 million target. They will cover losses from California earthquake losses, on an indemnity and per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Palomar secures its largest cat bond yet, $525m Torrey Pines Re 2025-1
Metals firm completes buy-in in less than five weeks
Metals firm completes buy-in in less than five weeks
“Insurer Just Group has secured the defined benefit pension scheme of ELG Metals UK for £28 million. The buy-in was finalised in December 2024. The deal insured 180 members of the ELG Haniel Metals Limited Pension and Assurance Scheme, including 99 deferred members and 81 pensioners.” [Source: Pensions Expert]
#Longevity#Pensions#UnitedKingdom#ART
·pensions-expert.com·
Metals firm completes buy-in in less than five weeks
Dallasnews corp finalizes pension plan annuitization
Dallasnews corp finalizes pension plan annuitization
DallasNews Corporation has completed the process of transferring its pension plan obligations through the purchase of a group annuity contract from First Allmerica Financial Life Insurance Company. The transaction, which closed on April 17, 2025, involved the DallasNews Corporation Pension Plan I and II and will affect approximately 1,261 participants and beneficiaries. Funding for the purchase came from $132 million in Plan assets and a $10 million cash contribution from DallasNews Corp. [Source: Investing.com]
#Pensions#Longevity#UnitedStates#ART
·investing.com·
Dallasnews corp finalizes pension plan annuitization
South East Water Pension Scheme completes £120m buy-in with Just Group
South East Water Pension Scheme completes £120m buy-in with Just Group
“The South East Water Pension Scheme completed a £120 million buy-in with Just Group, securing the benefits of around 700 pensioner and dependent members and almost 300 deferred members. The deal, which concluded in December 2024, also builds on a previous buy-in agreed with Just in 2015, completing the scheme's objective of guaranteeing all member benefits.” [Source: PensionsAge]
#Longevity#Pensions#ART#UnitedKingdom
·pensionsage.com·
South East Water Pension Scheme completes £120m buy-in with Just Group
Peak Re secures second Black Kite Re cat bond at targeted $50m size
Peak Re secures second Black Kite Re cat bond at targeted $50m size
Peak Re will issue $50 million Black Kite Re Limited (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from Japanese earthquakes and typhoons on an industry loss trigger and per-occurrence basis, and losses from Chinese and Indian earthquakes on a parametric basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Peak Re secures second Black Kite Re cat bond at targeted $50m size
Kingstone targets debut cat bond with $100m 1886 Re
Kingstone targets debut cat bond with $100m 1886 Re
U.S.-based Kingstone Companies is looking to issue at least $100 million 1886 Re Ltd. (Series 2025-1) single-tranche four-year catastrophe (CAT) bonds. 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 targets debut cat bond with $100m 1886 Re
Louisiana Citizens secures its largest cat bond, 40% upsized $280m Bayou Re 2025-1
Louisiana Citizens secures its largest cat bond, 40% upsized $280m Bayou Re 2025-1
Louisiana Citizens Property Insurance Corporation will issue $280 million Bayou Re Ltd. (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds, versus the original $200 million target. They will cover losses from named storms that impact Louisiana on an indemnity trigger and on a per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Louisiana Citizens secures its largest cat bond, 40% upsized $280m Bayou Re 2025-1
Great American secures $310m Riverfront Re 2025 cat bond, its largest yet
Great American secures $310m Riverfront Re 2025 cat bond, its largest yet
Great American Insurance Group will issue $310 million Riverfront Re Ltd. (Series 2025-1) two-tranche three and a half-year catastrophe (CAT) bonds, versus the original $225 million target. They will cover losses from U.S., DC and Canada named storms, earthquakes, severe thunderstorms, winter storms, wildfires, meteorite impact, and volcanic eruption on a per-occurrence and indemnity trigger basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Great American secures $310m Riverfront Re 2025 cat bond, its largest yet
Zenkyoren secures $100m Nakama Re 2025-1 quake cat bond priced near low-end
Zenkyoren secures $100m Nakama Re 2025-1 quake cat bond priced near low-end
Zenkyoren, the Japanese National Mutual Insurance Federation of Agricultural Cooperatives, will issue $100 million Nakama Re Pte. Ltd. (Series 2025-1) single-tranche five-year catastrophe (CAT) bonds. They will cover losses from Japanese earthquake shake and related perils, including tsunami’s, fire, flooding and sprinkler leakage, on a three-year aggregate, indemnity triggered basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Zenkyoren secures $100m Nakama Re 2025-1 quake cat bond priced near low-end
TWIA seeks $375m Bluebonnet Re 2025-1 CAT bond
TWIA seeks $375m Bluebonnet Re 2025-1 CAT bond
The Texas Windstorm Insurance Association (TWIA) is looking to issue at least $375 million Bluebonnet Re Ltd. (Series 2025-1) three-tranche three-year catastrophe (CAT) bonds. They will cover losses from Texas named storms and severe thunderstorms on an indemnity trigger and annual aggregate basis. [Source: Artemis.bm]
#CAT#ILS#ART#UnitedStates
·artemis.bm·
TWIA seeks $375m Bluebonnet Re 2025-1 CAT bond
Canadian Pension Risk Transfer Market Aggregate Deal Value Surges
Canadian Pension Risk Transfer Market Aggregate Deal Value Surges
Aggregate deal value in the Canadian pension risk transfer (PRT) market set a new record in 2024, according to Willis Towers Watson (WTW). C$11 billion in group annuity sales were placed in 2024, including C$3.3 billion of indexed annuities. C$6.8 billion were buy-outs and C$4.2 billion were buy-ins. There were a couple of large deals in 2023, including an IBM Canada C$1.5 billion buy-out with Blunt Annuity and RBC Insurance in October, and a Ford of Canada C$923 billion buy-out with RBC Insurance, Sun Life and Desjardins Group. [Source: WTW]
#Pensions#Canada#Longevity#ART
·wtwco.com·
Canadian Pension Risk Transfer Market Aggregate Deal Value Surges
L&G secures over £800m for smaller pension schemes
L&G secures over £800m for smaller pension schemes
"Legal and General (L&G) has insured more than £800 million of pension liabilities using L&G Flow, its tailored solution for smaller pension schemes. In the past year, it has worked with 15 different consultancies, including buy-ins with the pension schemes of Walkers Shortbread, The Leprosy Mission International, and John Graham Construction and a recent £112 million full buy-in with the Fullers, Smith, and Turner scheme. Of the pension schemes that have completed a buy-in under L&G Flow, nearly 20 per cent have completed a full buyout." [Source: Pensions Age]
#Pensions#UnitedKingdom#ART#Longevity
·pensionsage.com·
L&G secures over £800m for smaller pension schemes
Sutton National / Bamboo sponsor $70m Greenshoots Re sidecar
Sutton National / Bamboo sponsor $70m Greenshoots Re sidecar
"Sutton National Group has sponsored its first collateralized reinsurance sidecar issuance, a $70 million Greenshoots Re Ltd., which alongside its recent debut $100 million Greengrove Re Ltd. (Series 2025-1) catastrophe bond now provide core catastrophe cover for business written by Bamboo Ide8 Insurance Services, LLC." [Source: Artemis.bm]
#ILS#CAT#ART
·artemis.bm·
Sutton National / Bamboo sponsor $70m Greenshoots Re sidecar
US Pension Risk Transfer (PRT) Market Outlook
US Pension Risk Transfer (PRT) Market Outlook
"The pension risk transfer (PRT) market is highly competitive, with the presence of large, mid-sized, and small companies. Large firms dominate the market by offering a variety of PRT transactions. However, the number of insurers in the U.S. PRT market is increasing as competition intensifies, and this trend is expected to continue in the coming years. As competition rises, insurers are offering more benefits and tailored plans at competitive prices to attract plan sponsors. Companies are also focusing on innovation in their processes and plan offerings, developing new products and services to meet the evolving needs of clients. Larger companies in the market are actively acquiring smaller players to expand their capabilities and market share. Meanwhile, insurers are specializing in different segments of the PRT market, such as transaction types and plan sizes, to differentiate themselves and capture niche opportunities. The U.S. Pension Risk Transfer (PRT) Market was valued at USD 49.81 billion in 2024, and is projected to reach USD 102.38 billion by 2030, rising at a CAGR of 12.76%."
#Longevity#Pensions#UnitedStates#ART
·globenewswire.com·
US Pension Risk Transfer (PRT) Market Outlook
Palomar seeks largest cat bond yet, with $425m Torrey Pines Re 2025-1
Palomar seeks largest cat bond yet, with $425m Torrey Pines Re 2025-1
Palomar Insurance Holdings is looking to issue at least $425 million Torrey Pines Re Ltd. (Series 2025-1) three-tranche three-year catastrophe (CAT) bonds. They will cover losses from California earthquake losses, on an indemnity and per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Palomar seeks largest cat bond yet, with $425m Torrey Pines Re 2025-1
Utica National targets debut cat bond with $125m Genesee Street Re
Utica National targets debut cat bond with $125m Genesee Street Re
Utica National Insurance Group is looking to issue at least $125 million Genesee Street Re Ltd. (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from US eastern state (Connecticut, Delaware, District of Columbia, Georgia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Vermont, Virginia, and West Virginia) named storms and severe thunderstorms on on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Utica National targets debut cat bond with $125m Genesee Street Re
USAA targets $400m of aggregate cat bond protection with Residential Re 2025-1
USAA targets $400m of aggregate cat bond protection with Residential Re 2025-1
USAA is looking to issue at least $400 million Residential Reinsurance 2025 Limited (Series 2025-1) three-tranche four-year catastrophe (CAT) bonds. They will cover losses from U.S. tropical cyclones, earthquakes (plus fire following), severe thunderstorm, winter storm, wildfire, volcanic eruption, meteorite impact, other perils (all including auto & renter policy flood losses) on an annual aggregate and indemnity basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
USAA targets $400m of aggregate cat bond protection with Residential Re 2025-1
Louisiana Citizens seeking $200m Bayou Re 2025-1 CAT bond
Louisiana Citizens seeking $200m Bayou Re 2025-1 CAT bond
Louisiana Citizens Property Insurance Corporation is looking to issue at least $200 million Bayou Re Ltd. (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from named storms that impact Louisiana on an indemnity trigger and on a per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Louisiana Citizens seeking $200m Bayou Re 2025-1 CAT bond
Ocean Harbor sponsoring debut $75m Oceanside Re 2025-1 catastrophe bond
Ocean Harbor sponsoring debut $75m Oceanside Re 2025-1 catastrophe bond
Ocean Harbor Insurance Group is looking to issue at least $75 million Oceanside Re Ltd. (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from named storm and severe weather risks in the state of New York on a per-occurrence basis and using an indemnity trigger. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Ocean Harbor sponsoring debut $75m Oceanside Re 2025-1 catastrophe bond