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Clara launches small scheme service and onboards £43m DB fund (Pensions Expert)
Clara launches small scheme service and onboards £43m DB fund (Pensions Expert)
Clara Pensions has agreed to take on the £43 million Videndum DB Pension Scheme as its fifth deal and is using the transaction to launch a new section aimed at smaller schemes, offering a streamlined structure that avoids bespoke terms and pools such schemes for better eventual insurance pricing. Videndum, a camera equipment manufacturer, is transferring its 500-member scheme after improving its funding, with Clara injecting additional capital to further secure benefits. Clara reports a pipeline of more than 30 schemes from about £30 million to £2 billion and expects growing momentum as the Pension Schemes Bill creates a full statutory framework for DB superfunds and encourages new market entrants. [Source: Pensions Expert]
#Pensions#UnitedKingdom#Longevity#ART
·pensions-expert.com·
Clara launches small scheme service and onboards £43m DB fund (Pensions Expert)
Utmost completes first buyout with food supply company (Pensions Expert)
Utmost completes first buyout with food supply company (Pensions Expert)
Utmost Life and Pensions has converted its 2025 buy-in of the Noble Foods Limited Pension Scheme into its first full scheme buyout, moving 455 members onto individual annuity policies and fully insuring the scheme’s liabilities. Noble Foods, a UK fresh groceries supplier, reported scheme assets of £33.9m as of September 27 2024, underscoring the small-scheme bulk annuity focus of this deal. (Pensions Expert)
#Pensions#UnitedKingdom#Longevity#ART
·pensions-expert.com·
Utmost completes first buyout with food supply company (Pensions Expert)
Nationwide Mutual returns with $200m target for Aquila Re I 2026-1 cat bond (Artemis.bm)
Nationwide Mutual returns with $200m target for Aquila Re I 2026-1 cat bond (Artemis.bm)
Nationwide Mutual Insurance Company is looking to issue at least $200 million Aquila Re I Ltd. (Series 2026-1) two-tranche four-year catastrophe (CAT) bonds. They will cover losses from US named storm, earthquake, severe thunderstorm, winter storm, wildfire, meteorite impact, and volcanic eruption across the United States on an indemnity and per-occurrence basis. [Source: Artemis.bm]
#ILS#CAT#ART#UnitedStates
·artemis.bm·
Nationwide Mutual returns with $200m target for Aquila Re I 2026-1 cat bond (Artemis.bm)
Ariel Re secures $125m of retro from first Titania Re cat bond to use London Bridge 2 PCC (Artemis.bm)
Ariel Re secures $125m of retro from first Titania Re cat bond to use London Bridge 2 PCC (Artemis.bm)
Ariel Re will issue its targeted $125 million of London Bridge 2 PCC Limited (Titania Re 2026-1) two-tranche three-year catastrophe (CAT) bonds. They will cover losses from US named storms, earthquakes and wildfire events across the United States on industry-loss index and annual aggregate basis. [Source: Artemis.bm]
#ART#ILS#CAT
·artemis.bm·
Ariel Re secures $125m of retro from first Titania Re cat bond to use London Bridge 2 PCC (Artemis.bm)
Graham Asset Management Pension and Life Assurance Scheme completes £1m ‘micro’ buy-in with L&G (Pensions Age)
Graham Asset Management Pension and Life Assurance Scheme completes £1m ‘micro’ buy-in with L&G (Pensions Age)
The Graham Asset Management Pension and Life Assurance Scheme completed a £1 million “micro” buy-in with Legal & General (L&G) in April 2026, securing the retirement benefits of 13 deferred and pensioner members. The deal leveraged L&G’s price lock mechanism to ensure pricing certainty throughout the transaction. The transaction is described as a significant de-risking step, with a clear pathway toward full buy-out and eventual wind-up of the scheme. [Source: Pensions Age]
#Pensions#UnitedKingdom#ART#Longevity
·pensionsage.com·
Graham Asset Management Pension and Life Assurance Scheme completes £1m ‘micro’ buy-in with L&G (Pensions Age)
Spinnaker aims to renew and extend its cat bond coverage, with $100m Mountain Re 2026-1 (Artemis.bm)
Spinnaker aims to renew and extend its cat bond coverage, with $100m Mountain Re 2026-1 (Artemis.bm)
Spinnaker Insurance Company is looking to issue at least $100 million Mountain Re Ltd. (Series 2026-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from US named storm, earthquake, severe thunderstorm, winter storm, and fire (primarily wildfire in California) on a per-occurrence and indemnity basis. [Source: Artemis.bm]
#ILS#CAT#ART
·artemis.bm·
Spinnaker aims to renew and extend its cat bond coverage, with $100m Mountain Re 2026-1 (Artemis.bm)
Texas Windstorm (TWIA) sponsoring $450m Alamo Re 2026-1 cat bond (Artemis.bm)
Texas Windstorm (TWIA) sponsoring $450m Alamo Re 2026-1 cat bond (Artemis.bm)
Texas Windstorm Insurance Association (TWIA) is looking to issue at least $450 million Alamo Re Ltd. (Series 2026-1) three-tranche mixed-duration 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]
#ILS#ART#CAT#UnitedStates
·artemis.bm·
Texas Windstorm (TWIA) sponsoring $450m Alamo Re 2026-1 cat bond (Artemis.bm)
Convex targets $200m of retrocession with its fourth Hypatia cat bond (Artemis.bm)
Convex targets $200m of retrocession with its fourth Hypatia cat bond (Artemis.bm)
Convex Group is looking to issue at least $200 million Hypatia Ltd. (Series 2026-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from U.S. named storms and earthquakes including Puerto Rico, D.C. and the US Virgin Islands, and earthquakes Canada on an industry loss index basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Convex targets $200m of retrocession with its fourth Hypatia cat bond (Artemis.bm)
​Low dependency overtakes buyout as DB schemes rethink endgame (Pensions Expert)
​Low dependency overtakes buyout as DB schemes rethink endgame (Pensions Expert)
An IGG survey shows that low dependency strategies—where a DB scheme is fully funded on a low‑risk, liability‑matching basis so it needs minimal future employer support—have become the leading endgame choice, with 43 per cent of schemes pursuing low dependency versus 35 per cent targeting buyout and 22 per cent planning to run on, as improved funding expands options but exposes a growing governance gap on how to manage and share future surplus, with most schemes lacking clear frameworks for surplus triggers, uses and decision‑making between trustees and sponsors. [Source: Pensions Expert]
#Pensions#LDI#Longevity#ART#UnitedKingdom
·pensions-expert.com·
​Low dependency overtakes buyout as DB schemes rethink endgame (Pensions Expert)
People's Trust enters catastrophe bond market for debut $100m GWS Re named storm deal (Artemis.bm)
People's Trust enters catastrophe bond market for debut $100m GWS Re named storm deal (Artemis.bm)
People’s Trust Insurance Company is looking to issue at least $100 million GWS Re Limited (Series 2026-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from Florida named storms on an indemnity per-occurrence basis. [Source: Artemis.bm]
#ART#CAT#ILS#UnitedStates
·artemis.bm·
People's Trust enters catastrophe bond market for debut $100m GWS Re named storm deal (Artemis.bm)
Louisiana Citizens seeks $150m named storm reinsurance with Bayou Re 2026-1 cat bond (Artemis.bm)
Louisiana Citizens seeks $150m named storm reinsurance with Bayou Re 2026-1 cat bond (Artemis.bm)
Louisiana Citizens Property Insurance Corporation is looking to issue at least $150 million Bayou Re Ltd. (Series 2026-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from named storms in the state of Louisiana on indemnity per-occurrence basis. [Source: Artemis.bm]
#ILS#CAT#ART
·artemis.bm·
Louisiana Citizens seeks $150m named storm reinsurance with Bayou Re 2026-1 cat bond (Artemis.bm)
Florida Peninsula secures $250m Palm Re 2026-1 cat bond - Artemis.bm
Florida Peninsula secures $250m Palm Re 2026-1 cat bond - Artemis.bm
Florida Peninsula Insurance will issue $250 million Palm Re Ltd. (Series 2024-1) single-tranche three-year catastrophe (CAT) bonds, versus the original $100 million target. They will cover losses from named storm losses in the state of Florida, on a per-occurrence and indemnity trigger basis. [Artemis]
#ILS#CAT#ART#UnitedStates
·artemis.bm·
Florida Peninsula secures $250m Palm Re 2026-1 cat bond - Artemis.bm
One Alliance North America gets $115m of reinsurance from first One Shield Re cat bond (Artemis.bm)
One Alliance North America gets $115m of reinsurance from first One Shield Re cat bond (Artemis.bm)
One Alliance North America Insurance Company will issue $115 million One Shield Re Ltd. (Series 2026-1) single-tranche three-year catastrophe (CAT) bonds, versus the original $100 million target. They will cover losses from named storms in Florida, Georgia, Hawaii, North Carolina, South Carolina and Texas, and wildfires in California on indemnity and per-occurrence basis. [Source: Artemis.bm]
#ILS#CAT#ART#UnitedStates
·artemis.bm·
One Alliance North America gets $115m of reinsurance from first One Shield Re cat bond (Artemis.bm)
Can in-specie transfers smooth the path to buy-in? (Pensions Expert)
Can in-specie transfers smooth the path to buy-in? (Pensions Expert)
Standard Life research finds many UK defined benefit schemes are exploring in‑specie transfers and secondary market sales of illiquid assets, such as private equity, private debt and real estate, to smooth bulk annuity transactions by improving timing and certainty while managing regulatory constraints on insurers’ asset holdings. While direct transfers of illiquid assets to insurers remain rare, a few large buy‑ins have included them, and a wider toolkit is emerging that also includes deferred premiums and transfers to sponsoring employers. Standard Life’s Claire Altman stresses that feasibility depends on insurer appetite, asset characteristics and regulation, so early preparation and strong advice are crucial to avoid delays in a busy market and to position schemes effectively for buy‑in or buyout endgames. [Source: Pensions Expert]
#Pensions#UnitedKingdom#Longevity#ART
·pensions-expert.com·
Can in-specie transfers smooth the path to buy-in? (Pensions Expert)
Palomar seeks $375m Cal-quake & Hawaii named storm cover with Torrey Pines Re 2026-1 (Artemis.bm)
Palomar seeks $375m Cal-quake & Hawaii named storm cover with Torrey Pines Re 2026-1 (Artemis.bm)
Palomar Insurance Holdings is looking to issue at least $375 million Torrey Pines Re Ltd. (Series 2026-1) four-tranche three-year catastrophe (CAT) bonds. They will cover losses from California earthquake (with potential expansion to other states at reset) and Hawaii named storm on indemnity and per-occurrence basis. [Source: Artemis.bm]
#ILS#CAT#ART
·artemis.bm·
Palomar seeks $375m Cal-quake & Hawaii named storm cover with Torrey Pines Re 2026-1 (Artemis.bm)
M&G Completes Illiquid Asset Transfer to Facilitate £60m Bulk Annuity Transaction (M&G)
M&G Completes Illiquid Asset Transfer to Facilitate £60m Bulk Annuity Transaction (M&G)
M&G, via its Prudential Assurance subsidiary, has completed a £60 million bulk purchase annuity deal that secures the pensions of over 750 members by simultaneously taking an illiquid asset in-specie from the scheme into its £134 billion With-Profits Fund, turning what is usually a barrier to insurance into a bespoke de-risking solution. [Source: M&G]
#Pensions#UnitedKingdom#Longevity#ART
·group.mandg.com·
M&G Completes Illiquid Asset Transfer to Facilitate £60m Bulk Annuity Transaction (M&G)
Iveco pension scheme secures £100m buy-in with Aviva (Pensions Age)
Iveco pension scheme secures £100m buy-in with Aviva (Pensions Age)
The Iveco Limited Pension Scheme has completed a £100 million full-scheme buy-in with Aviva, securing benefits for all 225 deferred and 1,127 pensioner members as part of its long-term de-risking strategy. [Source: Pensions Age]
·pensionsage.com·
Iveco pension scheme secures £100m buy-in with Aviva (Pensions Age)
Zurich gets upsized $150m Turicum Re 2026-1 cat bond (Artemis.bm)
Zurich gets upsized $150m Turicum Re 2026-1 cat bond (Artemis.bm)
Zurich American Insurance will issue $125 million Turicum Re Ltd. (Series 2026-1) single-tranche three-year catastrophe (CAT) bonds, versus the original $100 million target. They will cover losses from US named storms and earthquakes on indemnity and per-occurrence basis. [Source: Artemis.bm]
#ILS#CAT#ART
·artemis.bm·
Zurich gets upsized $150m Turicum Re 2026-1 cat bond (Artemis.bm)
Hannover Re facilitates two LI Re private cat bonds via Kaith Re -(Artemis.bm)
Hannover Re facilitates two LI Re private cat bonds via Kaith Re -(Artemis.bm)
Hannover Re’s Bermuda-domiciled transformer vehicle Kaith Re Ltd. has issued two new private catastrophe (CAT) bonds, with a relatively small $4 million of notes issued across the LI Re (Series 2026-1) and LI Re (Series 2026-2) deals that will support securitized and collateralized unspecified reinsurance or retrocession arrangements. [Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Hannover Re facilitates two LI Re private cat bonds via Kaith Re -(Artemis.bm)
Kin secures $335m of reinsurance via Hestia Re 2026-1 cat bond (Artemis.bm)
Kin secures $335m of reinsurance via Hestia Re 2026-1 cat bond (Artemis.bm)
Kin Insurance will issue $335 million Hestia Re Ltd. (Series 2026-1) four-tranche three-year catastrophe (CAT) bonds, versus the original $300 million target. They will cover losses from named storms in Florida, Alabama, Georgia, Louisiana, Missouri, Mississippi, South Carolina, Tennessee, Texas and Virginia on indemnity per-occurrence basis. [Artemis.bm]
#ART#ILS#CAT#UnitedStates
·artemis.bm·
Kin secures $335m of reinsurance via Hestia Re 2026-1 cat bond (Artemis.bm)
ADB issuing its first parametric cat bonds, for Kyrgyz Republic & Tajikistan (Artemis.bm)
ADB issuing its first parametric cat bonds, for Kyrgyz Republic & Tajikistan (Artemis.bm)
The Asian Development Bank (ADB) is looking to issue a couple of $75 million three-year catastrophe (CAT) bonds, one on behalf of the Kyrgyz Republic and the other for Tajikistan. They will cover losses from earthquake and extreme precipitation events on a parametric per-occurrence basis. See also: https://www.artemis.bm/news/more-details-on-the-kyrgyz-republic-tajikistan-catastrophe-bonds-from-the-adb/ [Source: Artemis.bm]
#ART#CAT#ILS#ADB#Kyrgyzstan#Tajikistan
·artemis.bm·
ADB issuing its first parametric cat bonds, for Kyrgyz Republic & Tajikistan (Artemis.bm)
Reinsurance sidecar market grew more than $5bn in 2025: Aon Securities (Artemis.bm)
Reinsurance sidecar market grew more than $5bn in 2025: Aon Securities (Artemis.bm)
Aon Securities reports that outstanding collateralized reinsurance sidecar capacity grew by more than $5 billion in 2025, taking the market to roughly double its mid‑2024 size, with growth now driven primarily by casualty and multiline (non‑cat) sidecars that generate float and appeal to private credit and private equity investors seeking diversified insurance risk and investment income. Sidecar terms have been tightened since the loss-heavy 2017–2020 period, improving alignment between sponsors and investors and enabling expansion into non-cat and longer‑tailed lines while maintaining investor protection. Insurers, reinsurers and MGAs are using sidecars and related quota-share structures (including packaged “ReShares”) to diversify reinsurance panels, access retrocession for specialty and casualty portfolios, and place whole-account business, particularly through Lloyd’s and Bermuda platforms. As a result, sidecar capital has become an important tool for supporting cedant growth, managing risk exposures, diversifying reinsurance sources and enhancing commissions, with current investor demand showing no signs of slowing. [Source: Artemis.bm]
#ART#ILS#CAT
·artemis.bm·
Reinsurance sidecar market grew more than $5bn in 2025: Aon Securities (Artemis.bm)
Zenkyoren secures $100m Nakama Re 2026-1 Japan quake cat bond at mid-guidance pricing (Artemis.bm)
Zenkyoren secures $100m Nakama Re 2026-1 Japan quake cat bond at mid-guidance pricing (Artemis.bm)
Zenkyoren will issue its targeted $100 million Nakama Re Pte. Ltd. (Series 2026-1) single-tranche five-year catastrophe (CAT) bonds. They will cover losses from Japanese earthquake shake and related perils, including tsunamis, fire, flooding and sprinkler leakage in Japan on an aggregate, indemnity basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Zenkyoren secures $100m Nakama Re 2026-1 Japan quake cat bond at mid-guidance pricing (Artemis.bm)
USAA seeks $600m Res Re 2026-1 cat bond (Artemis.bm)
USAA seeks $600m Res Re 2026-1 cat bond (Artemis.bm)
USAA is looking to issue at least $600 million Residential Reinsurance 2026 Limited (Series 2026-1) 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, and other perils across the United States (Classes 14 & 15 aggregate tranches) and Florida only (Class A occurrence tranche), including auto and renter policy flood losses under the aggregate tranches and renter policy flood losses under the Florida occurrence tranche, on an indemnity annual aggregate and indemnity per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#ART#UnitedStates
·artemis.bm·
USAA seeks $600m Res Re 2026-1 cat bond (Artemis.bm)
Small scheme insurance boom drives record number of buy-in deals in 2025 (Pensions Expert)
Small scheme insurance boom drives record number of buy-in deals in 2025 (Pensions Expert)
Lane Clark & Peacock LLP data show a record 367 U.K. pension buy-in transactions in 2025, up 23% year on year, but with total value falling to £38.2 billion as activity shifted toward smaller deals under £100 million that made up around 85% of transactions by number. Legal & General led the market by new business volume, supported by a handful of £1 billion-plus buy-ins such as major deals for Ford, BP and others, while all 11 bulk annuity providers competed aggressively in the small-scheme segment, driving “exceptional” pricing and innovations in online functionality and member support. LCP notes this heightened competition is expanding risk management options for trustees and schemes, alongside a busy year for large longevity swaps, including BT’s £10 billion of swaps, Lloyds’ £7 billion of reinsurance deals and a £6 billion swap by the BBC Pension Scheme. [Pensions Expert]
#Pensions#UnitedKingdom#Longevity#ART
·pensions-expert.com·
Small scheme insurance boom drives record number of buy-in deals in 2025 (Pensions Expert)
Ariel Re opts to use London Bridge 2 PCC for new Titania Re cat bond (Artemis.bm)
Ariel Re opts to use London Bridge 2 PCC for new Titania Re cat bond (Artemis.bm)
Ariel Re is looking to issue at least $125 million London Bridge 2 PCC Limited (Titania Re 2026-1) two-tranche three-year catastrophe (CAT) bonds. They will cover losses from US named storms, earthquakes and wildfire events across the United States on industry-loss index and annual aggregate basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Ariel Re opts to use London Bridge 2 PCC for new Titania Re cat bond (Artemis.bm)