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Talanx Re will issue $100 million Maschpark Re Ltd. (Series 2024-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from earthquakes in Chile, Peru, Bolivia and Argentina on a per-occurrence parametric trigger basis. [Source: Artemis.bm]

Utmost Life & Pensions, one of the newest insurers to enter the bulk annuity market, has completed a £20 million buy-in with an unnamed defined benefit (DB) scheme. [Source: Pensions Expert]

Standard Life secured the benefits of 2,200 people across two buy-ins worth a combined £250 million. The two schemes – the Halma Group Pension Plan and the Apollo Pension and Life Assurance Plan – are sponsored by safety equipment specialist Halma and its subsidiary Apollo. Also, Pension Insurance Corporation completed a £190 million buy-in for the Atradius UK Pension Scheme, securing benefits for more than 770 retired, deferred and the 66 current active members. In addition, the West Bromwich Building Society Staff Retirement Scheme completed a £70 million buy-in transaction with Canada Life covering about 490 deferred members and 400 pensioner members. [Source: Pensions Expert]

Progressive is looking to issue at least $225 million Bonanza Re Ltd. (Series 2024-1) three-tranche catastrophe (CAT) bonds. A $50 million zero-coupon tranche will provide one year of aggregate coverage, and the other two tranches will provide three years of per-occurrence coverage on an indemnity basis. All three will cover losses from named storm, earthquake (fire-following only), severe thunderstorm, winter storm, wildfire in the United States. [Source: Artemis.bm]

Spain-based Mapfre Re is looking to issue at least $100 million Recoletos Re DAC (Series 2024-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from named storms in the United States and DC on an annual aggregate and territory weighted industry-loss triggered basis. [Source: Artemis.bm]

Artex Axcell Re (Bermuda) Limited issued JPY 600 million (about $4 million) Artex Axcell Re (Series FE0001) Japanese yen-denominated catastrophe (CAT) bonds. Little detail is available on these private "Lite" notes, but they're likely to be focused on Japanese perils. [Source: Artemis.bm]

Aviva completed a £1.7 billion pensioner buy-in with the National Grid Electricity Group of the Electricity Supply Pension Scheme in October 2024. The transaction included transitioning the Group’s existing longevity swap with Zurich Assurance Ltd to Aviva and insures the benefits for 5,800 pensioner members of the Group. [Source: Aviva]

Fidelis Insurance is looking to issue at least $300 million Herbie Re Ltd. (Series 2024-2) three-tranche catastrophe (CAT) bonds. There would be a two-year tranche, and two four-year tranches. They will cover losses from US named storms and US earthquakes, including DC, Puerto Rico and the US Virgin Islands, on an annual aggregate and territory weighted industry loss index triggered basis. [Source: Artemis.bm]

Legal & General (L&G) has now reinsured CAD $2 billion of Canadian pension liabilities, since its 2019 entry into the market. In 2024, it secured two significant Canadian transactions with a total volume of CAD $0.7 billion, including L&G’s largest Canadian transaction to date, valued at CAD $0.5 billion. [Source: L&G]

American Coastal Insurance Company is looking to issue at least $100 million Armor Re II Ltd. (Series 2024-2) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from Florida named storms on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]

Cayman Islands-based Oxbridge Re Ltd. is planning to expand its offering of tokenized reinsurance securities representing fractionalized interests in reinsurance contracts written by its Oxbridge Re NS reinsurance sidecar. This tranche would be on top of the $2.4 million issued in June 2023 through its SurancePlus digital securities subsidiary. Also in July 2024, Oxbridge Re raised $2.88 million for its Epsilon Re sidecar. All use the Avalanche blockchain. [Source: Artemis.bm]

Gestion de l'Assurance et de la Réassurance. des risques Attentats et actes de Terrorisme (GAREAT) will issue its targeted €100 million Athéna I Reinsurance DAC single-tranche three-year catastrophe (CAT) bonds. They will cover losses from physical property damage from terrorism events in France and its territories, on an indemnity and annual aggregate basis. This is only the third terror CAT bond to ever come to market, the previous two being the Baltic transactions for U.K. terror reinsurer Pool Re. [Source: Artemis.bm]

"After four years of development, the Central Bank of Nigeria (CBN) is set to roll out its digital currency project. The launch will reportedly happen on the occasion of the country’s 61st Independence Day celebration on Oct. 1."

Liberty Mutual Insurance is looking to issue at least $225 million Mystic Re IV Ltd. (Series 2025-1) three-tranche three-year catastrophe (CAT) bonds. Two tranches will cover losses from named storms and earthquakes affecting parts of the US, Canada and the Caribbean on an indemnity per-occurrence basis. The third tranche will cover those risks, plus severe weather and wildfires affecting the same areas as the first two tranches, but on an annual aggregate indemnity basis. [Source: Artemis.bm]

American Family Mutual Insurance Company (AmFam) is looking to issue at least $175 million Four Lakes Re Ltd. (Series 2024-1) two-tranche three-year catastrophe (CAT) bonds. They will cover losses from US named storms, earthquakes, severe thunderstorms, winter storms and wildfires on a per-occurrence and indemnity trigger basis. [Source: Artemis.bm]

Bermuda-based RenaissanceRe is looking to issue at least $250 million Mona Lisa Re Ltd. (Series 2025-1) two-tranche catastrophe (CAT) bonds. They are targeting a $125 million four-year Class A tranche and a slightly riskier three-year Class B tranche. Both will cover losses from losses caused by U.S., Puerto Rico, U.S. Virgin Islands, and D.C. named storm and earthquake events, and Canadian earthquakes. on an industry loss index trigger basis. [Source: Artemis.bm]

Ariel Re will issue $325 million Titania Re Ltd. (Series 2024-1) two-tranche three-year catastrophe (CAT) bonds, versus the original $175 million target. They will cover certain losses from U.S. 50 state, Puerto Rico, U.S. Virgin Islands, D.C. and Canada named storms and earthquakes, on an annual aggregate basis. [Source: Artemis.bm]

The trustee of the UK-based G4S Pension Scheme completed a £1.8 billion full buy-in with Just Group, covering the benefits of around 22,500 members. The deal is the largest publicly announced deal in the bulk purchase annuity market this year so far. [Source: Pensions Age]

Allstate is looking to issue at least $350 million Sanders Re II Ltd. (Series 2024-3) two-tranche four-year catastrophe (CAT) bonds. They will cover losses from personal lines property and auto losses from named storm, earthquake, severe weather, wildfire, volcanic eruption, and meteorite impact events in all US states except for Florida, on a per-occurrence and indemnity trigger basis. [Source: Artemis.bm]

"Ruby Re, Reinsurance Group of America’s (RGA) third-party life and health reinsurance sidecar, has now raised a total of $480 million in capital following the close of its second funding round, which is near the upper limit of the $400 million to $500 million target range for the Missouri-domiciled vehicle."

Nationale-Nederlandenis (NN Group) will issue €75 million Orange Capital Re DAC (Series 2024-1) single-tranche four-year catastrophe (CAT) bonds. They will cover losses from windstorms and severe thunderstorms in Belgium and the Netherlands on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]

USAA will issue $450 million Residential Reinsurance 2024 Limited (Series 2024-2) three-tranche four-year catastrophe (CAT) bonds, versus the original $325 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 and renter policy flood losses), on a per-occurrence and indemnity triggered basis. [Source: Artemis.bm]

Artex Capital Solutions issued $5 million Eclipse Re Ltd. (Series 2024-8A) single-tranche half-year catastrophe (CAT) bonds. No further details are publicly available. [Source: Artemis.bm]

Gestion de l'Assurance et de la Réassurance. des risques Attentats et actes de Terrorisme (GAREAT) is looking to issue at least €100 million Athéna I Reinsurance DAC single-tranche three-year catastrophe (CAT) bonds. They will cover losses from physical property damage from terrorism events in France and its territories, on an indemnity and annual aggregate basis. This would be only the third terror CAT bond to ever come to market, the previous two being the Baltic transactions for U.K. terror reinsurer Pool Re. [Source: Artemis.bm]

Deutsche Bank Pension Scheme has completed a £1.1 billion buy-in deal with Legal & General. This is the scheme’s third buy-in with L&G following a £570 million buy-in announced in 2021 and a £500 million buy-in in 2023, bringing the total of insured liabilities with L&G to £2.1 billion, and all accrued benefits are now fully insured. [Source: IPE]

Ariel Re is looking to issue at least $175 million Titania Re Ltd. (Series 2024-1) two-tranche three-year catastrophe (CAT) bonds. They will cover certain losses from U.S. 50 state, Puerto Rico, U.S. Virgin Islands, D.C. and Canada named storms and earthquakes, on an annual aggregate basis. [Source: Artemis.bm]

Aviva secured a £1.3 billion buy-in for the RAC 2003 Pension Scheme, insuring the benefits of approximately 19,000 members. As part of the transaction, Aviva converted a longevity swap that was initially struck in 2015. This had insured the scheme against improvements in longevity for 10,000 of its members, and was reinsured by SCOR. The buy-in also involved the transfer of illiquid assets. [Source: Pensions Expert]

Hannover Re will issue $450 million Acorn Re Ltd. (Series 2024-1) three-year catastrophe (CAT) bonds versus the original $400 million target. A $225 million Acorn Re 2024-1 Class A tranche will provide protection across a three-year term, while a $225 million Acorn Re 2024-1 Class B tranche will provide coverage for a year. They will cover losses from U.S. west-coast earthquakes on a parametric basis. [Source: Artemis.bm