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The Mexican Ministry of Finance and Public Credit has said it will receive a full payout for its $150mn earthquake catastrophe bond, following confirmation that the parametric triggers have been met
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Validus said it would take $378.9mn of losses from third-quarter catastrophes, including $35.8mn from its share of AlphaCat portfolios.
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The $150mn Atlas IX Capital 2015-1 class A cat bond issued by Scor is now receiving bids as low as 1 cent, according to pricing sheets for last week obtained by Trading Risk.
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The two Pelican catastrophe bonds issued by Louisiana Citizens Property Insurance Corporation are exposed to incoming Tropical Storm Nate following the National Hurricane Centre's (NHC) issuance of a hurricane warning for the area of Louisiana stretching from Morgan City to the Mississippi border.
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Entropics reported a 5.53 percent decrease in returns for its institutional Cat Bond Fund - Class (I) in September, down from a positive return of 0.56 percent in August.
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The PCS loss estimates for hurricanes Harvey and Irma, of $15.9bn and $18.0bn respectively, would not trigger any of XL Catlin's $1.88bn of cat bonds, according to Buckingham Research Group analyst Amit Kumar.
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Soft market conditions may have set the scene for longer potential collateral lock-ups after hurricanes Harvey, Irma and Maria, but early negotiations on settlements are still likely, market observers said
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Puerto Rico insured losses are likely to fall to a somewhat concentrated group of reinsurers including Lloyd's syndicates and Munich Re, according to regulatory filings analysed by sister publication The Insurance Insider
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Asian countries have expressed interest in establishing a multinational risk pool to protect against natural disasters, according to RMS research commissioned by the UK government.
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The Blockchain Insurance Industry Initiative (B3i) has begun market testing its smart contract management prototype for property cat excess-of-loss (XoL) contracts this month, as 23 new members join the collaboration
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The cat bond market may hit a "speed bump" and slow down temporarily after recent hurricane losses while sponsors review their exposure, said GC Securities head of origination Cory Anger
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The roughly $5bn-$6bn industry loss warranty (ILW) market is expected to be heavily impacted by the series of 2017 hurricane losses
