Catastrophe Risks
Swiss Re Structures and Places $350 Million Florida Catastrophe Bond
Swiss Re Capital Markets successfully structured and placed the issuance of $350 million of insurance-linked securities by Frontline Re Ltd. on behalf of Frontline Insurance ("Frontline"). The transaction is Frontline's debut catastrophe bond and covers named storms in Alabama, Florida, North Carolina, and South Carolina. Read More
FEMA Launches FloodSmart Re CAT Bond for NFIP Flood Risk
The Federal Emergency Management Agency (FEMA) will launch a CAT bond to transfer risk from the National Flood Insurance Program (NFIP) to the capital markets through FloodSmart Re, Ltd., a Bermuda-domiciled special purpose vehicle. Read More
KBRA: Atlantic Hurricane Season Predictions Revised
Kroll Bond Rating Agency (KBRA) released a research report as two of the leading hurricane forecasters reduced their outlooks for the 2018 Atlantic hurricane season. The revised forecast from Colorado State University called for below average activity. AccuWeather also reduced its forecast, remaining more in line with historical averages. Read More
JLTCM Completes 2 Noteworthy Catastrophe Bond Transactions
Jardine Lloyd Thompson Capital Markets, Inc., (JLTCM) recently completed two private placement catastrophe bonds: Oak Leaf Re 2018-1, which closed at $45.26 million, and Market Re 2018-1, which closed at $84 million. Read More
SCOR Issues First CAT Bond under New UK Regime
SCOR is the first reinsurer to use the United Kingdom's new insurance-linked securities regime to issue a new catastrophe bond (CAT bond), Atlas Capital UK 2018 PLC, with a multiyear risk transfer capacity of $300 million. Read More