Listed here are the ten hottest information articles, week ending December twenty second 2024, protecting disaster bonds, ILS, reinsurance capital and associated danger switch matters. 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 data are falling in 2024 and set to be overwhelmed on most fronts, with total issuance recorded within the Artemis Deal Listing reaching a brand new excessive of virtually $17.7 billion for the 12 months, together with a report $17.24 billion of Rule 144A cat bonds, driving a brand new end-of-year excellent market report and cat bond market development 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 discovered 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 situations 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 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 totally collateralized reinsurance safety by its new Mystic Re IV Ltd. (Collection 2025-1) disaster bond, whereas the insurer benefited from excessive investor demand and robust cat bond execution to cost the deal largely beneath preliminary steerage. - Lockton sets up Global Parametric Insurance Practice
Lockton, the impartial insurance coverage and reinsurance broking group, has introduced the formal launch of a brand new World Parametric Insurance coverage Apply, bringing collectively its parametric danger switch experience beneath one specialist unit. - ECB, EIOPA propose EU nat cat reinsurance solution, with catastrophe bond support
A proposal printed 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 danger administration, and the usage of disaster bonds to assist 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 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 accordance with stories, the US state of Colorado is exploring whether or not disaster bonds could also be an appropriate danger switch mechanism to assist it take care of rising wildfire associated dangers and handle 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 printed on Artemis over the last 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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