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Risk Transfer Market Report 2020 - buy in buy out and longevity swap analysis
Risk Transfer Market Report 2020 - buy in buy out and longevity swap analysis
The Hymans-Robertson annual risk transfer report delves into the pension risk transfer market, with a particular focus on bulk annuities, and tracks the recent key changes. In a snapshot, 2019 was another record-breaking year, both in terms of transaction volumes and sizes. The total value of transactions completed surpassed the £40 billion mark, nearly doubling 2018’s record.
#ART#Longevity#Pensions
·hymans.co.uk·
Risk Transfer Market Report 2020 - buy in buy out and longevity swap analysis
FEMA returns for third NFIP flood cat bond, a $300m FloodSmart Re 2020
FEMA returns for third NFIP flood cat bond, a $300m FloodSmart Re 2020
The U.S. Federal Emergency Management Agency (FEMA) is back in the catastrophe bond market with a $300 million FloodSmart Re Ltd. (Series 2020-1), which will be its third transaction seeking flood reinsurance coverage from the capital market for its National Flood Insurance Program (NFIP).
#ILS#CAT#ART
·artemis.bm·
FEMA returns for third NFIP flood cat bond, a $300m FloodSmart Re 2020
Philippines plans private sector catastrophe risk pooling facility
Philippines plans private sector catastrophe risk pooling facility
The Philippines government continues to expand the role of insurance and reinsurance markets in its disaster risk financing arrangements and to better protect its people, businesses operating in the country and government-owned assets, with the latest initiative a new catastrophe risk pool for the private sector.
#ILS#ART#CAT
·artemis.bm·
Philippines plans private sector catastrophe risk pooling facility
Nationwide Mutual returns for $340m Caelus Re VI 2020 catastrophe bond
Nationwide Mutual returns for $340m Caelus Re VI 2020 catastrophe bond
Nationwide Mutual Insurance Company has returned to the catastrophe bond market looking for a $340m or greater source of capital market backed U.S. multi-peril reinsurance protection, issuance, on both a per-occurrence and aggregate basis, with a twin Caelus Re VI Ltd. (Series 2020-1 & 2020-2).
#ILS#CAT#ART#UnitedStates
·artemis.bm·
Nationwide Mutual returns for $340m Caelus Re VI 2020 catastrophe bond
Turkish quake ILN issued at $7m by Tullett Prebon platform
Turkish quake ILN issued at $7m by Tullett Prebon platform
The Tullett Prebon operated Insurance Linked Notes (ILN) platform has successfully completed its second issuance and settlement of catastrophe risk linked notes, with a $7 million Turkish earthquake exposed industry loss deal transacted with capital market investors.
#ART#ILS#CAT
·artemis.bm·
Turkish quake ILN issued at $7m by Tullett Prebon platform
MultiStrat completes $205m casualty ILS transaction, its largest to-date
MultiStrat completes $205m casualty ILS transaction, its largest to-date
MultiStrat, the specialist underwriter and reinsurance investment facilitator, has completed its largest casualty insurance-linked securities (ILS) transaction to-date, a $205 million casualty ILS deal that it worked alongside investor Vida Capital to complete.
#ART#ILS#CAT
·artemis.bm·
MultiStrat completes $205m casualty ILS transaction, its largest to-date
Longevity & risk transfer: A booming market
Longevity & risk transfer: A booming market
Consultants and insurers estimate £30bn-40bn worth of UK pension risk transfer deals a year for the next few years. The North American market is also expected to see more activity in the near future. As demand soars, insurers are becoming more innovative with their transactions.
#ART#Longevity#Pensions
·ipe.com·
Longevity & risk transfer: A booming market
Cat bond lites are growing in number and importance
Cat bond lites are growing in number and importance
Cat bond lite issuance surpassed $900 million for the third consecutive year in 2019, as a record-breaking 29 transactions came to market, according to the Artemis Deal Directory.
#ART#CAT#ILS
·artemis.bm·
Cat bond lites are growing in number and importance
World Bank helps Vanuatu & Grenada to catastrophe contingent financing
World Bank helps Vanuatu & Grenada to catastrophe contingent financing
The World Bank has helped two more countries join those benefiting from a source of catastrophe contingent disaster risk financing, as both Vanuatu and Grenada become the latest to receive a Catastrophe Deferred Drawdown Option (Cat DDO) arrangement.
#ILS#ART#CAT
·artemis.bm·
World Bank helps Vanuatu & Grenada to catastrophe contingent financing
Mexico returns for $425m+ quake & hurricane World Bank cat bond
Mexico returns for $425m+ quake & hurricane World Bank cat bond
Mexico has returned to the catastrophe bond market with the help of the World Bank seeking a $425 million or larger slice of parametric earthquake and hurricane disaster insurance from capital markets through an issue we’ve named IBRD / FONDEN 2020 that is the first to incorporate sustainable development bond features.
#ART#ILS#CAT
·artemis.bm·
Mexico returns for $425m+ quake & hurricane World Bank cat bond
Parametric FloodFlash pays out a day after storm Ciara. Another glimpse of the future?
Parametric FloodFlash pays out a day after storm Ciara. Another glimpse of the future?
The promise of parametric triggers has always been faster claims payouts, with no lengthy assessment process and while many examples payout within days of a triggering event, the fastest we’ve seen following a true weather catastrophe is the payouts made within a day of windstorm Ciara by insurtech FloodFlash.
#ART#CAT
·artemis.bm·
Parametric FloodFlash pays out a day after storm Ciara. Another glimpse of the future?
Jamaica readies for first cat bond, already budgeting for its renewal
Jamaica readies for first cat bond, already budgeting for its renewal
Despite the fact a catastrophe bond for Jamaica has not yet come to market, after receiving support to pay premiums for the in-development first issuance the Caribbean island nation is already preparing to budget for its future renewal.
#ART#CAT#ILS
·artemis.bm·
Jamaica readies for first cat bond, already budgeting for its renewal
Apollo / Athene’s ACRA sidecar raise hits $3.2bn of commitments
Apollo / Athene’s ACRA sidecar raise hits $3.2bn of commitments
Commitments to the Athene Co-Invest Reinsurance Affiliate (ACRA) insurance-linked sidecar vehicle have now reached an impressive $3.2 billion, as capital raising continued within the feeder fund managed by investor and private equity specialist Apollo Global. The ACRA vehicle launched with a target for a capital raise of around $4 billion, as life, annuities and pensions focused insurance and reinsurance company Athene and its parent Apollo looked to enable third-party investors to participate in private deals alongside the firm.
#ART#ILS#Longevity
·artemis.bm·
Apollo / Athene’s ACRA sidecar raise hits $3.2bn of commitments
Nationwide's Caelus Re VI 2020 cat bond could reach $500m in size
Nationwide's Caelus Re VI 2020 cat bond could reach $500m in size
The latest catastrophe bond to be sponsored by Nationwide Mutual Insurance Company could turn out to be the U.S. primary insurers largest ever, as the target for the deal has grown with $500 million now seen as the upper-end goal for the Caelus Re VI Ltd. (Series 2020-1 & 2020-2) issuance.
#ART#CAT#ILS#UnitedStates
·artemis.bm·
Nationwide's Caelus Re VI 2020 cat bond could reach $500m in size
Leaders of Prudential’s longevity reinsurance business optimistic about a vibrant 2020 risk transfer market after record-breaking 2019
Leaders of Prudential’s longevity reinsurance business optimistic about a vibrant 2020 risk transfer market after record-breaking 2019
Prudential Insurance Company of America closed its 7th and 8th strategic longevity reinsurance transactions with Rothesay Life, reinsuring a combined $6 billion of pension liabilities associated with two bulk annuity transactions completed in H2 2019.
#ART#Longevity#Pensions
·businesswire.com·
Leaders of Prudential’s longevity reinsurance business optimistic about a vibrant 2020 risk transfer market after record-breaking 2019
Co-op pension scheme insures more liabilities as PIC deal disclosed
Co-op pension scheme insures more liabilities as PIC deal disclosed
The Co-operative’s Pace pension scheme has struck a £1bn (€1.2bn) pension insurance buy-in with the Pension Insurance Corporation (PIC), it was announced today. The deal guarantees the pension benefits of around 7,000 members in the £9bn Co-op section of the scheme.
#ART#Longevity#Pensions
·ipe.com·
Co-op pension scheme insures more liabilities as PIC deal disclosed
Insurance-Linked Securities Market Outlook: Part I
Insurance-Linked Securities Market Outlook: Part I
The catastrophe bond market demonstrated critical resiliency during 2019 and delivered ample capacity at a time when it was most needed, according to Shiv Kumar, CEO of MMC Securities.
#CAT#ILS#ART
·gccapitalideas.com·
Insurance-Linked Securities Market Outlook: Part I
GC / MMC to launch Isosceles Re transformer platform for 4(2) private ILS
GC / MMC to launch Isosceles Re transformer platform for 4(2) private ILS
The use of rented transformer platform structures for insurance-linked securities (ILS) and private catastrophe bond transaction issuance continues to expand and a new Isosceles Re offering from Marsh & McLennan Companies and reinsurance broker Guy Carpenter is set to help make issuance of 4(2) securities more simple.
#CAT#ART#ILS
·artemis.bm·
GC / MMC to launch Isosceles Re transformer platform for 4(2) private ILS
Insurance-Linked Securities Market Outlook: Part II
Insurance-Linked Securities Market Outlook: Part II
"In the aggregate, heading into 2020, investor appetite for the insurance-linked securities (ILS) sector remains strong and the thesis for long-term strategic allocation to this diversifying asset class continues to be intact, according to Shiv Kumar, CEO of MMC Securities."
#ART#ILS#CAT
·gccapitalideas.com·
Insurance-Linked Securities Market Outlook: Part II
United (UPC) returns for $130m Armor Re II 2020 catastrophe bond
United (UPC) returns for $130m Armor Re II 2020 catastrophe bond
United Insurance Holdings (UPC Insurance) is back in the insurance-linked securities (ILS) market for a fresh catastrophe bond issue for 2020, bringing a $130 million multi-peril Armor Re II Ltd. (Series 2020-1) transaction to market as it looks to expand on its capital markets backed reinsurance cover.
#ART#ILS#CAT
·artemis.bm·
United (UPC) returns for $130m Armor Re II 2020 catastrophe bond
Coronavirus: Give Pandemic Bonds a Chance
Coronavirus: Give Pandemic Bonds a Chance
Pandemic bonds are the right solution for two big problems: funding a pandemic threat response and improving the financial health of underfunded pension plans. Moreover, the underlying concept may be our best path to a peaceful, secure, prosperous future by turning the fragility of society in the face of large disasters into something more sturdy.
#ART#ILS#CAT#Pandemic#Mortality
·bloomberg.com·
Coronavirus: Give Pandemic Bonds a Chance
Mexico's upper target for new World Bank cat bond lifted to $525m
Mexico's upper target for new World Bank cat bond lifted to $525m
The upper-end target for the government of Mexico’s latest World Bank supported catastrophe bond issuance has been lifted, with the IBRD / FONDEN 2020 transaction now seeking up to $525 million of parametric earthquake and hurricane protection for the country.
#ART#CAT#ILS
·artemis.bm·
Mexico's upper target for new World Bank cat bond lifted to $525m
FloodSmart cat bond helps FEMA grow reinsurance lynchpin to $2.53bn
FloodSmart cat bond helps FEMA grow reinsurance lynchpin to $2.53bn
The U.S. Federal Emergency Management Agency (FEMA) successfully secured its latest and third catastrophe bond issuance, FloodSmart Re Ltd. (Series 2020-1), at the upsized target of $400 million, adding to its “lynchpin” flood reinsurance program
#CAT#ILS#ART
·artemis.bm·
FloodSmart cat bond helps FEMA grow reinsurance lynchpin to $2.53bn