Listed below are the ten hottest information articles, week ending December twenty second 2024, overlaying disaster bonds, ILS, reinsurance capital and associated threat switch subjects. To make sure you by no means miss a factor subscribe to the weekly Artemis email newsletter updates or get our email alerts for each article we publish.
Ten most learn articles on Artemis.bm, week ending December twenty second 2024:
- Cat bond issuance breaks all records in 2024. Market grows 10% to $49.44bn
Disaster bond market information are falling in 2024 and set to be overwhelmed on most fronts, with general issuance recorded within the Artemis Deal Listing reaching a brand new excessive of virtually $17.7 billion for the yr, together with a document $17.24 billion of Rule 144A cat bonds, driving a brand new end-of-year excellent market document and cat bond market progress of 10%. - Pagnani & Manghnani launch ILS manager King Ridge. Will portfolio manage first cat bond ETF
King Ridge Capital Advisors LLC has been launched as a brand new insurance-linked securities (ILS) funding supervisor by sector specialists Rick Pagnani and Vijay Manghnani, Artemis understands. We’ve realized that the brand new firm has already reached a sub-advisory settlement to tackle portfolio administration duties for the awaited first disaster bond ETF. - Florida State Board set to increase ILS allocations at January renewals for FRS pension
Having beforehand indicated that it was cautious on reinsurance market circumstances and undecided as as to whether so as to add to its insurance-linked securities (ILS) investments for the January 2025 renewals, the Florida State Board of Administration now seems set to maneuver forwards and improve its allocation to the sector. - TD Insurance seeks first ever pure Canada risk cat bond, C$150m MMIFS Re 2025-1
TD Insurance coverage, a part of Canada’s TD Financial institution group, is in search of C$150 million in reinsurance from the capital markets by means of its debut MMIFS Re Ltd. (Collection 2025-1) disaster bond deal, which might be the primary pure cat bond to solely cowl perils in that nation. - Liberty Mutual secures $325m Mystic Re IV catastrophe bond at reduced pricing
Liberty Mutual has now secured the upsized goal of $325 million of absolutely collateralized reinsurance safety by means of its new Mystic Re IV Ltd. (Collection 2025-1) disaster bond, whereas the insurer benefited from excessive investor demand and powerful cat bond execution to cost the deal largely under preliminary steering. - Lockton sets up Global Parametric Insurance Practice
Lockton, the unbiased insurance coverage and reinsurance broking group, has introduced the formal launch of a brand new World Parametric Insurance coverage Apply, bringing collectively its parametric threat switch experience underneath one specialist unit. - ECB, EIOPA propose EU nat cat reinsurance solution, with catastrophe bond support
A proposal revealed by the European Central Financial institution (ECB) and the European Insurance coverage and Occupational Pensions Authority (EIOPA) requires a pure disaster insurance coverage system that features pooling personal dangers, strengthening catastrophe threat administration, and the usage of disaster bonds to help disaster reinsurance availability for Europe. - J.P. Morgan / Coutts liquid alts fund adds catastrophe bonds, with up to 10% permitted
A multi-manager liquid options funding fund technique managed by J.P. Morgan and supplied to purchasers by means of a partnership with British personal financial institution and wealth supervisor Coutts & Co. has up to date its funding coverage to permit as much as 10% of the methods belongings to be allotted to disaster bonds. - Colorado looking to catastrophe bonds for wildfire risk transfer
In line with studies, the US state of Colorado is exploring whether or not disaster bonds could also be an appropriate threat switch mechanism to assist it take care of rising wildfire associated dangers and deal with insurance coverage affordability. - Aon poll: 15% of US insurers say ILS / third-party capital feature in their 2025 plans
A latest ballot of insurers in the US, undertaken by dealer Aon’s Capital Advisory division, discovered that inside these carriers’ capital administration plans for 2025, insurance-linked securities (ILS) and third-party reinsurance capital options are a major function.
This isn’t each article revealed on Artemis over the past week, simply the preferred amongst our readers during the last seven days. There were 31 new articles published in the last week.
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