Financial
TWIA targeting $200m Alamo Re II cat bond issuance for 2020
The Texas Windstorm Insurance Association (TWIA) is likely to target $200 million or perhaps greater of protection from an Alamo Re II Ltd. catastrophe bond issuance for 2020, as the capital markets look set to continue playing an important role in its reinsurance program. As we explained back in February, TWIA had lifted its target…
Read MoreUSAA returns with first Residential Re catastrophe bond of 2020
USAA has returned to the catastrophe bond market for its first issuance of 2020, with a currently $100 million plus sized Residential Reinsurance 2020 Limited (Series 2020-1) transaction seeking multi-peril reinsurance protection, that will become the insurers 35th cat bond issuance if successfully completed. USAA is the most prolific and consistent of catastrophe bond sponsors…
Read MoreVarying pandemic ILS impacts, trapped capital may be held for years: A.M. Best
Rating agency A.M. Best said that varying pandemic related impacts are to be expected for the insurance-linked securities (ILS) market, with the most concerning likely the fact that collateral could be trapped for years given the significant uncertainty over potential losses. There have already been a range of impacts seen in the ILS and catastrophe…
Read MoreCEA’s target for Sutter Re cat bond lifted again, now up to $740m
The targeted issuance size for the latest catastrophe bond to be sponsored by the California Earthquake Authority (CEA) has risen again, with the Sutter Re Ltd. (Series 20201- & 2020-2) issuance now aiming for as much as $740 million of reinsurance protection for the sponsor. California’s not-for-profit residential earthquake insurer, the California Earthquake Authority (CEA),…
Read MoreBest of Artemis, week ending 10th May 2020
Here are the ten most popular news articles, week ending 10th May 2020, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish. Ten most read articles on Artemis.bm,…
Read MoreGreat lessons from great women
A decade ago, J.D. shared some great lessons from great men. He had a wealth of material to draw from: biographies of historical figures from centuries ago, classic business texts, and the earliest self-help books. If you want to compile lessons from great women, however, you don’t have the same sources, because women have not…
Read MoreILS industry still hunting for right balance on protection vs returns: Schultz, Aon Securities
The insurance-linked securities (ILS) and collateralised reinsurance market is still hunting for the right-balance between serving insurance and reinsurance cedents with the protection they need, while dealing with finite term securities, according to Paul Schultz, the CEO of Aon Securities. Speaking with us in a recent Artemis Live video interview, Schultz explained that this balance…
Read MoreCEA now targets up to $700m of reinsurance from new Sutter Re cat bond
California’s not-for-profit residential earthquake insurer the California Earthquake Authority (CEA) is hoping to significantly upsize its latest catastrophe bond issuance, with the Sutter Re Ltd. (Series 20201- & 2020-2) issuance now targeting up to $700 million of reinsurance protection. The California Earthquake Authority (CEA) returned to the catastrophe bond market about a fortnight ago for…
Read MoreAccelerate reinsurance calendar, says Willis Re. But is it time to throw it away?
Broker Willis Re has called on its clients and their counterparties to “accelerate the reinsurance calendar” as a response to the Covid-19 pandemic and to avoid any undue delays. Willis Re has been relatively vocal over issues faced by brokers in servicing their clients since the global lockdown due to the Covid-19 coronavirus pandemic began,…
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