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News CatastrophesInsuranceMarkets / CoveragesReinsurance

2017 cat bond issuance reaches record levels

January 5, 2018 by Jason Contant

Catastrophe bond issuance in 2017 reached record levels, including in Canada, as insurers and reinsurers sponsored approximately US$10.5 billion in cat bonds. According to data from the Artemis.bm Deal Directory, there was more than US$10.5 billion in issuance last year,

News CatastrophesClaimsInsuranceMarkets / CoveragesReinsurance

ILS market ready to deal with “wake-up call” of Q3 nat cats: Willis Towers Watson Securities

October 20, 2017 by Canadian Underwriter

Insurance-linked securities (ILS) investors are responding to the recent uptick in natural disasters by making payments to ceding companies, while at the same time continuing to raise more money and preparing to make new investments, Willis Towers Watson (WTW) Securities

News CatastrophesInsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

“Notable shift” in North American perils is inclusion of Canada in covered areas of cat bonds: Aon Securities

September 7, 2017 by Canadian Underwriter

Catastrophe bond issuance in the 12 months ending June 30, 2017, reached a historic US$11.3 billion, nearly US$2 billion larger than the previous all-time record, Aon Securities said in a new report. Aon Securities, the investment banking division of global

News InsuranceMarkets / CoveragesMergers and AqcuisitionsReinsuranceTechnology

PCS launches global cyber industry loss index

September 5, 2017 by Canadian Underwriter

Property Claim Services (PCS) announced that it has launched PCS Global Cyber, a new loss aggregation service that provides “industry loss estimates for individual affirmative worldwide cyber events with insured losses of at least $20 million industrywide.” Developed in collaboration

News CatastrophesInsuranceMergers and AqcuisitionsReinsurance

Expected insured losses from present-day Hurricane Andrew would total US$56 billion: AIR Worldwide

August 21, 2017 by Canadian Underwriter

If Hurricane Andrew were to occur today, 25 years after its original landfall, the expected total industry insured losses (based on today’s exposures) would be approximately US$56 billion in the United States, catastrophe risk modelling firm AIR Worldwide reported on

News Earnings / RatingsInsuranceMarkets / Coverages

Cat bond issuance in Q2 reaches US$6.38 billion across 20 transactions, easily surpassing Q2 2014 record of US$4.49 billion: Aon Securities

August 4, 2017 by Canadian Underwriter

Catastrophe bond issuance during the second quarter of 2017 totalled US$6.38 billion across 20 transactions, a new record for quarterly issuance that easily surpassed the previous record of US$4.49 billion set in Q2 2014, Aon Securities said in a new

News CatastrophesEarnings / RatingsInsuranceMarkets / CoveragesReinsurance

Record breaking US$6.3 billion of non-life property cat issuance in Q2 sees ILS reach “critical juncture:” Willis Towers Watson Securities

July 28, 2017 by Canadian Underwriter

Non-life insurance-linked securities (ILS) issuance reached a record breaking US$6.3 billion in Q2 2017, continuing the trend from the first quarter of the year, Willis Towers Watson Securities’ said in its latest ILS Market Update, released on Friday. ILS assets

News CatastrophesInsuranceMarkets / CoveragesReinsurance

GC Securities completes “first ever indemnity triggered multi-Europe peril only” cat bond

July 10, 2017 by Canadian Underwriter

GC Securities – a division of U.S. registered broker-dealer MMC Securities LLC, a subsidiary of Marsh & McLennan Companies, Inc. (MMC) – has announced the “first ever indemnity triggered multi-Europe peril only 144A catastrophe bond.” The placement of Principal At-Risk

News CatastrophesInsuranceMarkets / CoveragesReinsurance

ILS market growth continues in first quarter of 2017, record year possible: Willis Towers Watson Securities

April 26, 2017 by Canadian Underwriter

Non-life insurance-linked securities (ILS) capital grew again in the first quarter of 2017, continuing the trend from last year, the securities division of Willis Towers Watson (WTW) has reported. Willis Towers Watson Securities, the investment banking business of WTW, released

News CatastrophesInsuranceMarkets / Coverages

Sponsors completed one cat bond of about $600 million with coverage for Canada in Q1: PCS

April 12, 2017 by Canadian Underwriter

Sponsors completed one catastrophe bond with coverage for Canada in the first quarter of 2017 (Galilei Re), according to Property Claim Services’ (PCS) first-quarter cat bond report released on Wednesday. As it was a large transaction, capital raised by cat

News InsuranceMarkets / Coverages

2016 ILS market larger in Q3 than Q2 for first time: Swiss Re

February 3, 2017 by Canadian Underwriter

New issuance volumes for insurance-linked securities (ILS) were atypical in 2016, Swiss Re reported on Friday, noting that for the first time, the third quarter was larger than the second quarter. While the second quarter is typically the busiest of

News CatastrophesEarnings / RatingsInsuranceMarkets / CoveragesReinsurance

ILS sector set to gather pace after subdued 2016: Aon study

January 23, 2017 by Canadian Underwriter

The insurance-linked securities (ILS) sector is set to gather steam this year, with a record amount of catastrophe bonds to mature in the first half of 2017, according to a new report from Aon Securities. Aon Securities, the investment banking