Archive for January, 2025

A definitive prospectus has now been filed with the SEC for the Brookmont Catastrophic Bond ETF, a new exchange traded fund strategy that will be predominantly focused on the catastrophe bond and insurance-linked securities (ILS) asset class.

Analysis by catastrophe bond fund manager Plenum Investments suggests that the cat bond market is implying a roughly $30 billion industry loss from the Los Angeles, California wildfires, while also reporting that the Swiss Re Cat Bond Total Return Index fell -0.27% for the last week.

According to the latest official data from California fire authorities, the wildfires in the Los Angeles region have damaged or destroyed 17,027 structures so far, while the early insurance industry loss estimates from risk modellers average $32.5 billion.

A new catastrophe bond is being marketed to source broad, first and second event US named storm reinsurance protection for underwriting entities linked to coastal property managing general underwriter SageSure, with an initial $410 million target for this Gateway Re Ltd. (Series 2025-1) issuance.

Moody’s RMS Event Response has estimated that private market and FAIR Plan insured losses to-date from the Los Angeles, California wildfires will likely fall in a range between $20 billion and $30 billion.

The Lloyd’s insurance and reinsurance market has reported that its London Bridge risk transformation and insurance-linked securities (ILS) platform has now seen $1.92 billion of capital deployed through its cells, with $2.55 billion of capital committed.

Here are the ten most popular news articles, week ending January 19th 2025, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.

Tower Hill Insurance Exchange, a Florida homeowners and commercial property insurance underwriter, has returned to the catastrophe bond market for its second time, seeking $100 million or more in Florida named storm reinsurance from this Winston Re Ltd. (Series 2025-1) issuance.

The California Earthquake Authority (CEA) has returned to the catastrophe bond market to sponsor its first issuance since late 2023, seeking $200 million or more in multi-year collateralized California earthquake reinsurance protection from the capital markets through this Ursa Re Ltd. (Series 2025-1) issuance.

Real-time flood forecasting tech firm Previsico has partnered with specialist parametric MGA and insurer Descartes Underwriting to deliver a flood insurance product for UK commercial firms that features a trigger based on sensor data, warnings and forecasts of water depths.