Archive for March, 2025

According to Former Florida Senator Jeff Brandes, the implementation of a quota share model could effectively phase out Florida’s Citizens Property Insurance Corporation as an insurer, and transform the firm into a manager and distributor of risk, achieving the goal of “Citizen Zero.”

The Brookmont Catastrophic Bond ETF will list on the New York Stock Exchange (NYSE) tomorrow April 1st under the ticker symbol ILS, making the catastrophe bond and insurance-linked securities (ILS) investment opportunity more accessible to a broader range of investors.

SafePoint Insurance Company has now successfully priced its new Nature Coast Re Ltd. (Series 2025-2) catastrophe bond, we are told, securing the 50% upsized $150 million in reinsurance protection sought from capital market investors, while the notes were priced at the bottom-end of initial guidance.

Conduit Re, the pure-play Bermuda reinsurance company, has announced its intention to purchase more retrocession to protect its earnings from volatility due to secondary peril loss impacts, while the company has also announced that CEO Trevor Carvey is stepping down.

Lloyds Banking Group Pensions Trustees Limited has completed two new longevity swap transactions with Rothesay Life Plc, covering £5.1 billion of protection, with reinsurance capacity provided by Pacific Life Re International Limited, and an insurance subsidiary of US-based Prudential Financial, Inc.

The April 1st 2025 reinsurance renewals are said to have seen a continuation of the gradual softening trend experienced at the start of the year, with reinsurance capital providers displaying strong appetites for growth still, but sources suggesting the overall outcome has remained disciplined.

ICEYE, the provider of satellite data and services to inform decision-making and analysis, has unveiled its industry-first hurricane data impact solution that’s designed to provide insurers with near-instant visibility into wind and flood damage across the United States.

Here are the ten most popular news articles, week ending March 30th 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.

The ILS Advisers Fund Index has reported a +0.17% return for February 2025, but the company has highlighted a second consecutive month where there was a broad dispersion between ILS fund returns and performance, as effects from losses due to the California wildfires continued to flow through the market.

As the cyber insurance-linked securities (ILS) market continues to expand, analysts at S&P Global Ratings have identified key factors influencing cyber ILS credit quality, including regulatory risks, policy terms, cedent risk, asset collateral, and modelling challenges.