ART

2167 bookmarks
Custom sorting
SCOR expands reinsurance sidecar capacity to US $400m
SCOR expands reinsurance sidecar capacity to US $400m
French reinsurer SCOR has increased its third-party capital support by $100 million in the first-quarter of 2022, taking the capital managed under its collateralized reinsurance sidecar platform to $400 million.
#ART#ILS#CAT
·artemis.bm·
SCOR expands reinsurance sidecar capacity to US $400m
Palomar's new Torrey Pines cat bond sees considerable price rise
Palomar's new Torrey Pines cat bond sees considerable price rise
The pricing of Palomar Insurance's latest CAT bond issue has increased considerably. The California-based insurer was seeking to issue at least $300 million of Torrey Pines Re Ltd. (Series 2022-1) three-year two-tranche CAT bonds to cover US-wide earthquake reinsurance protection, on an indemnity and per-occurrence basis. It is now seeking only $300 million at much higher prices. In the current "risk off" environment, investors are generally demanding higher returns on CAT bonds.
#ART#ILS#CAT
·artemis.bm·
Palomar's new Torrey Pines cat bond sees considerable price rise
Peak Re targets Hong Kong cat bond Black Kite Re for Japan typhoon retro
Peak Re targets Hong Kong cat bond Black Kite Re for Japan typhoon retro
Hong Kong-based Peak Reinsurance (Peak Re) is looking to issue $75 million of Black Kite Re Limited (Series 2022-1) single-tranche three-year CAT bonds. It will cover Japanese typhoon events using an industry loss trigger on a per-occurrence basis.
#ART#CAT#ILS
·artemis.bm·
Peak Re targets Hong Kong cat bond Black Kite Re for Japan typhoon retro
TWIA targets $185m+ Alamo Re 2022-1 for cat bond renewal
TWIA targets $185m+ Alamo Re 2022-1 for cat bond renewal
The Texas Windstorm Insurance Association (TWIA) is looking to issue at least $185 million of Alamo Re Ltd. (Series 2022-1) single-tranche three-year CAT bond. It will cover losses from named storms and severe thunderstorms in Texas on an indemnity trigger and annual aggregate basis.
#ART#ILS#CAT#UnitedStates
·artemis.bm·
TWIA targets $185m+ Alamo Re 2022-1 for cat bond renewal
Marlin Re cat bond to cover HSCM-owned Weston & Southern Fidelity
Marlin Re cat bond to cover HSCM-owned Weston & Southern Fidelity

Marlin Re is looking to issue at least $70 million of Marlin Re Ltd. (Series 2022-1) and $100 million of Marlin Re Ltd. (Series 2022-2) CAT bonds. Both are comprised of three one- and two-year tranches, and cover losses on an indemnity and per-occurrence basis: [Read more] -The Series 2022-1 issuance covers Weston Property and Casualty Insurance Company's losses from named storm in Florida, Louisiana, Mississippi, Texas and South Carolina. -The Series 2022-2 issuance covers Southern Fidelity Insurance Company's losses from named storm in Florida, Louisiana, Mississippi and South Carolina.

#ART#ILS#CAT#UnitedStates
·artemis.bm·
Marlin Re cat bond to cover HSCM-owned Weston & Southern Fidelity
CEA targets $275m Ursa Re II 2022 California quake catastrophe bond
CEA targets $275m Ursa Re II 2022 California quake catastrophe bond
The California Earthquake Authority (CEA) is looking to issue at least $275 million of Ursa Re II Ltd. (Series 2022-1) two-tranche y-year CAT bonds. It will cover losses from California earthquakes on an indemnity and annual aggregate basis.
#ART#ILS#CAT
·artemis.bm·
CEA targets $275m Ursa Re II 2022 California quake catastrophe bond
Palomar gets Torrey Pines Re cat bond at $275m with raised pricing
Palomar gets Torrey Pines Re cat bond at $275m with raised pricing
California-based Palomar Insurance issued $300 million of Torrey Pines Re Ltd. (Series 2022-1) three-year two-tranche CAT bonds to cover US-wide earthquake reinsurance protection, on an indemnity and per-occurrence basis. It was originally seeking $300 million at much lower prices, but in the current "risk off" environment, investors are generally demanding higher returns on CAT bonds.
#ART#CAT#ILS
·artemis.bm·
Palomar gets Torrey Pines Re cat bond at $275m with raised pricing
TransRe's Bowline Re the latest cat bond pricing to rise above guidance
TransRe's Bowline Re the latest cat bond pricing to rise above guidance
New York-headquartered TransRe has become the latest to see its prices rise above initial guidance, with all three tranches of its Bowline Re Ltd. (Series 2022-1) deal having their coupons elevated while being marketed to investors. TransRe is looking to issue at least $175 million three-year CAT bonds covering US perils on a per-occurrence basis and Japanese earthquakes on an annual aggregate basis, on an industry loss trigger basis.
#ART#CAT#ILS
·artemis.bm·
TransRe's Bowline Re the latest cat bond pricing to rise above guidance
Louisiana Citizens seeks $100m+ Catahoula Re 2022 cat bond in Singapore
Louisiana Citizens seeks $100m+ Catahoula Re 2022 cat bond in Singapore
Louisiana Citizens Property Insurance Corporation is looking to issue $100 million Catahoula II Re Pte. Ltd. (Series 2022-1) two-tranche three-year CAT bonds. It will cover named storms and severe thunderstorms affecting Louisiana on a per-occurrence and indemnity trigger basis.
#ART#ILS#CAT
·artemis.bm·
Louisiana Citizens seeks $100m+ Catahoula Re 2022 cat bond in Singapore
Travelers targets up to $600m size for new Long Point Re IV cat bond
Travelers targets up to $600m size for new Long Point Re IV cat bond
Travelers is now looking to issue up to $600 million of Long Point Re IV Ltd. (Series 2022-1) single-tranche four-year CAT bonds (versus the original $300 million+ target). It will cover tropical cyclones, earthquakes, severe thunderstorms, and winter storm events across northeastern U.S. states, on an indemnity trigger and per-occurrence basis.
#ART#CAT#ILS#UnitedStates
·artemis.bm·
Travelers targets up to $600m size for new Long Point Re IV cat bond
SCOR targets $150m Atlas Capital Re 2022 catastrophe bond
SCOR targets $150m Atlas Capital Re 2022 catastrophe bond
SCOR is looking to issue at least $150 million Atlas Capital Reinsurance 2022 DAC (Series 2022-1) single-tranche three-year CAT bonds. It will cover losses caused by US named storms (including Puerto Rico and the US Virgin Islands), US earthquakes (including Puerto Rico), Canada earthquakes and European windstorms, on an industry loss trigger annual aggregate basis.
#ART#ILS#CAT
·artemis.bm·
SCOR targets $150m Atlas Capital Re 2022 catastrophe bond
Florida Citizens new Everglades cat bond sized up to $200m as price rises
Florida Citizens new Everglades cat bond sized up to $200m as price rises
Florida’s Citizens Property Insurance is now looking to issue up to $200 million of Everglades Re II Ltd. (Series 2022-1) single-tranche three-year CAT bonds (versus the original $100 million+ target). It will cover named storms or hurricanes impacting the state of Florida on an annual aggregate and indemnity trigger basis.
#ART#ILS#CAT#UnitedStates
·artemis.bm·
Florida Citizens new Everglades cat bond sized up to $200m as price rises
Travelers secures $575m Long Point Re IV catastrophe bond
Travelers secures $575m Long Point Re IV catastrophe bond
Travelers is now looking to issued $575 million of Long Point Re IV Ltd. (Series 2022-1) single-tranche four-year CAT bonds (versus the original $300 million+ target). It will cover tropical cyclones, earthquakes, severe thunderstorms, and winter storm events across northeastern U.S. states, on an indemnity trigger and per-occurrence basis.
#ART#ILS#CAT#UnitedStates
·artemis.bm·
Travelers secures $575m Long Point Re IV catastrophe bond
TransRe gets Bowline Re cat bond at $165m, priced above guidance
TransRe gets Bowline Re cat bond at $165m, priced above guidance
New York-headquartered TransRe issued $165 million three-tranche three-year Bowline Re Ltd. (Series 2022-1) CAT bonds covering US perils on a per-occurrence basis and Japanese earthquakes on an annual aggregate basis, on an industry loss trigger basis. The original target was $175 million.
#ART#ILS#CAT
·artemis.bm·
TransRe gets Bowline Re cat bond at $165m, priced above guidance
Florida Citizens secures PLA cat bond at $200m, priced above guidance
Florida Citizens secures PLA cat bond at $200m, priced above guidance
Florida’s Citizens Property Insurance issued $200 million of Everglades Re II Ltd. (Series 2022-1) single-tranche three-year CAT bonds (versus the original $100 million+ target). It will cover named storms or hurricanes impacting the state of Florida on an annual aggregate and indemnity trigger basis.
#ART#ILS#CAT#UnitedStates
·artemis.bm·
Florida Citizens secures PLA cat bond at $200m, priced above guidance
SCOR lifts new Atlas cat bond upper-target to $250m as price rises
SCOR lifts new Atlas cat bond upper-target to $250m as price rises
"France headquartered global reinsurance company SCOR has raised the target size for its new Atlas Capital Reinsurance 2022 DAC (Series 2022-1) catastrophe bond to as much as $250 million (versus the original $150 million target), while the price guidance has been raised almost 12%."
#ART#ILS#CAT
·artemis.bm·
SCOR lifts new Atlas cat bond upper-target to $250m as price rises
Peak Re's target for Black Kite Re cat bond raised to ~$150m
Peak Re's target for Black Kite Re cat bond raised to ~$150m
"Hong Kong headquartered global reinsurer Peak Reinsurance Company (Peak Re) has raised its target for its first ever catastrophe bond, with the Hong Kong domiciled Black Kite Re Limited (Series 2022-1) issuance now aiming to secure up to $150 million of retrocession for the company (versus the original 75 million+ target)."
#ART#ILS#CAT
·artemis.bm·
Peak Re's target for Black Kite Re cat bond raised to ~$150m
SCOR secures Atlas retro cat bond at $240m in size
SCOR secures Atlas retro cat bond at $240m in size
SCOR issued $240 million Atlas Capital Reinsurance 2022 DAC (Series 2022-1) single-tranche three-year CAT bonds (versus the original $150 million+ target). It will cover losses caused by US named storms (including Puerto Rico and the US Virgin Islands), US earthquakes (including Puerto Rico), Canada earthquakes and European windstorms, on an industry loss trigger annual aggregate basis.
#ART#ILS#CAT
·artemis.bm·
SCOR secures Atlas retro cat bond at $240m in size
Swiss Re seeking $150m Matterhorn Re US wind cat bond
Swiss Re seeking $150m Matterhorn Re US wind cat bond
Swiss Re is looking to issue $150 million of Matterhorn Re Ltd. (Series 2022-2) three-tranche CAT bonds. It would cover losses from U.S. east coast named wind storms (including Puerto Rico) on a per-occurrence industry loss trigger basis. One of the tranches would be zero-coupon with a short maturity, another would have a coupon but also short, and the third would be a coupon-paying multi-year tranche.
#ART#ILS#CAT#UnitedStates
·artemis.bm·
Swiss Re seeking $150m Matterhorn Re US wind cat bond
Allstate's Florida cat bond target lifts to $275m at top-end pricing
Allstate's Florida cat bond target lifts to $275m at top-end pricing
"US primary insurance giant Allstate making progress with its latest catastrophe bond, a Sanders Re III Ltd. (Series 2022-2) multi-peril issuance that seeks Florida focused reinsurance coverage for the carrier and now looks like it could upsize slightly to $275 million, but with pricing at the top-ends of guidance."
#ART#ILS#CAT#UnitedStates
·artemis.bm·
Allstate's Florida cat bond target lifts to $275m at top-end pricing
CEA drops Ursa Re II 2022 cat bond target to $255m max
CEA drops Ursa Re II 2022 cat bond target to $255m max
"The California Earthquake Authority (CEA) has lowered its target for its latest catastrophe bond, with its target now for up to $255 million in collateralized California earthquake reinsurance protection through the Ursa Re II Ltd. (Series 2022-1) issuance."
#ART#ILS#CAT
·artemis.bm·
CEA drops Ursa Re II 2022 cat bond target to $255m max
Allstate’s Florida cat bond priced high at $287.5m in size
Allstate’s Florida cat bond priced high at $287.5m in size
Allstate issued $287.5 million Sanders Re III Ltd. (Series 2022-2) three-tranche CAT bonds. The first two (totaling $275 million) are indemnity trigger, per-occurrence based and structured to cascade as other reinsurance beneath is eroded over their three-year terms. The third tranche ($37.5 million) is indemnity based and non-cascading over its one-year term. They will cover named storm, earthquake, severe thunderstorm, volcanic eruption, meteorite impact and wildfires impacting the state of Florida.
#ART#ILS#CAT#UnitedStates
·artemis.bm·
Allstate’s Florida cat bond priced high at $287.5m in size
TWIA secures new Alamo Re catastrophe bond at upsized $200m
TWIA secures new Alamo Re catastrophe bond at upsized $200m
The Texas Windstorm Insurance Association (TWIA) issued $200 million of Alamo Re Ltd. (Series 2022-1) single-tranche three-year CAT bond. It will cover losses from named storms and severe thunderstorms in Texas on an indemnity trigger and annual aggregate basis.
#ART#ILS#CAT#UnitedStates
·artemis.bm·
TWIA secures new Alamo Re catastrophe bond at upsized $200m
Peak Re gets Black Kite Re cat bond at top of raised target - $150m
Peak Re gets Black Kite Re cat bond at top of raised target - $150m
Hong Kong-based Peak Reinsurance (Peak Re) issued $150 million of Black Kite Re Limited (Series 2022-1) single-tranche three-year CAT bonds (versus the original $75 million+ target). It will cover Japanese typhoon events using an industry loss trigger on a per-occurrence basis.
#ART#CAT#ILS
·artemis.bm·
Peak Re gets Black Kite Re cat bond at top of raised target - $150m
CEA to complete Ursa Re II 2022 cat bond at reduced $245m
CEA to complete Ursa Re II 2022 cat bond at reduced $245m
The California Earthquake Authority (CEA) issued $245 million of Ursa Re II Ltd. (Series 2022-1) two-tranche three-year CAT bonds (versus the original $275 million+ target). It will cover losses from California earthquakes on an indemnity and annual aggregate basis. The riskier "B" tranche was reduced from a targeted $125 million to $70 million.
#ART#CAT#ILS
·artemis.bm·
CEA to complete Ursa Re II 2022 cat bond at reduced $245m
Core Specialty lowers target slightly for Yosemite cat bond as price rises
Core Specialty lowers target slightly for Yosemite cat bond as price rises
"The first catastrophe bond to be sponsored by re/insurer Core Specialty, the Yosemite Re Ltd. (Series 2022-1) deal we first wrote about earlier this month, looks like it could struggle to reach its targeted minimum for size, with the issuance now updated to seeking between $65 million and $75 million of multi-peril US reinsurance for the company."
#ART#ILS#CAT
·artemis.bm·
Core Specialty lowers target slightly for Yosemite cat bond as price rises
Louisiana Citizens top target for Catahoula Re cat bond raised to $200m
Louisiana Citizens top target for Catahoula Re cat bond raised to $200m
"Louisiana Citizens Property Insurance Corporation, the non-profit residential and commercial property insurer for those who cannot access private market insurance in the state, has lifted the target for its latest catastrophe bond, now seeking up to $200 million of reinsurance from the Catahoula II Re Pte. Ltd. (Series 2022-1) transaction(versus the original $100 million+)."
#ART#ILS#CAT
·artemis.bm·
Louisiana Citizens top target for Catahoula Re cat bond raised to $200m