Archive for March, 2025

Flood Re, the state-backed flood reinsurance pool in the United Kingdom, has now secured the targeted £140 million in fully-collateralized UK flood retrocessional reinsurance from its debut catastrophe bond, the London Bridge 2 PCC Limited (Vision 2039 – 2025-1) issuance, with the notes priced at the top-end of initial guidance.

Brit Limited, the specialty insurance and reinsurance player and part of the Fairfax group, has returned to the catastrophe bond market for the first time since 2020, seeking $100 million or more in protection from a Lapis Series 2025-1 arrangement that is being issued using the Lloyd’s ILS structure London Bridge 2 PCC, Artemis has […]

Having increased its estimate for National Flood Insurance Program (NFIP) losses from hurricane Helene, we’re told that FEMA has gone ahead with the partial repayment of principal and also extended the maturity dates for two of its FloodSmart Re catastrophe bond tranches.

Third-party capital in the reinsurance market reached record highs in 2024, as broker Guy Carpenter, alongside rating agency AM Best estimated that it reached a substantial $107 billion at year-end, however, a key driver of the increase is the continued growth of the insurance-linked securities (ILS) market, which is the major component of third-party capital […]

The catastrophe bond market has seen very attractive execution on behalf of sponsors so far this year, with a number of factors driving this that have all resulted in abundant capital being available to settle new cat bond issuances, typically at larger sizes and lower pricing.

The Lloyd’s insurance and reinsurance market has announced a $2.3 billion net loss estimate for the Los Angeles wildfires, as the market reports another solid year of underwriting profit and premium growth.

The extratropical windstorm “Éowyn”, also known as “Gilles”, that struck the Republic of Ireland, Northern Ireland and the Central Belt of Scotland between January 24th – 25th, is estimated to have cost the insurance and reinsurance industry EUR 619 million, according to an initial industry loss estimate from PERILS, the Zurich-based catastrophe insurance data provider.

US primary insurer Allstate is now looking for another very large slice of collateralized multi-peril catastrophe reinsurance protection from the catastrophe bond market, as the company has more than doubled the target size for its new Sanders Re II Ltd. (Series 2025-1) issuance to $650 million, Artemis can report.

Here are the ten most popular news articles, week ending March 9th 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 entry of market makers to enhance liquidity options in the secondary market for trading catastrophe bonds would be a dream come true, speakers suggested at the SIFMA ILS 2025 conference in Miami yesterday.