Archive for February, 2025

At final pricing, American Integrity Insurance Company upsized its new Integrity Re III Ltd. (Series 2025-1) catastrophe bond again to provide $565 million of reinsurance protection making it by far the firm’s largest cat bond yet, while the notes all priced below their initial guidance, Artemis can report.

Core Specialty Insurance Holdings, Inc. is back in the catastrophe bond market targeting $75 million of US peak peril reinsurance protection from a Yosemite Re Ltd. (Series 2025-1) cat bond, which like its first will cover its StarStone US entities to begin.

Here are the ten most popular news articles, week ending February 23rd 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.

Gracie Point Holdings, LLC, a provider of life insurance premium finance, has closed a recent equity capital raise led by funds advised by Hudson Structured Capital Management Ltd. (HCSM) and Searchlight Capital Partners, L.P., providing the firm with “deep industry expertise and operational support.”

Speaking in a recent video interview with our sister publication Reinsurance News, James Vickers, Chairman of Gallagher Re’s International division, suggested that the excess capacity coming into the insurance-linked securities (ILS) space will help to drive innovation and support the development of new lines of business.

Fitch Ratings, a provider of credit ratings, research, and risk analysis, expects to see a further expansion of alternative reinsurance capacity in 2025, supported by cyber catastrophe bond issuances, which will add to the reinsurance sector’s capital base and help absorb earnings volatility.

According to Sven Althoff, Member of the Executive Board for Property & Casualty at German reinsurer Hannover Re, the catastrophe bond market is expected to remain active throughout 2025, as it continues to attract additional capacity across the insurance-linked securities (ILS) market.

Global re/insurer QBE has said that the January renewals saw the company’s progress validated by its reinsurance partners, as its catastrophe reinsurance protections were renewed with meaningfully lower retentions.

Life and health reinsurer Pacific Life Re has completed a EUR 2 billion longevity swap reinsurance agreement with Nationale-Nederlanden (NN Life) in the Netherlands, covering a block of in-force individual annuity life policies.

Heritage Insurance Holdings, Inc., a nationally expansive, Florida headquartered property and casualty insurer, has returned to the catastrophe bond market with a target to secure $200 million or more in collateralized US named storm reinsurance from a Citrus Re Ltd. (Series 2025-1) issuance, Artemis can report.