Archive for March, 2025

Perry Thomas, Chief Executive Officer (CEO) of Flood Re, has announced the successful completion of the company’s debut catastrophe bond, the £140 million London Bridge 2 PCC Limited (Vision 2039 – 2025-1) issuance, stating that it represents an “innovative transaction” that strengthens the firm’s reinsurance programme and enhances protection for UK households against flooding.

Greg Case, CEO of insurance and reinsurance broking giant Aon, is taking on the additional responsibilities of company President, as long-standing senior Aon executive Eric Andersen is transitioning into a role as a senior advisor to Case.

Insurance technology veteran Sandra DeSilva has announced the launch of Mythen, an artificial intelligence (AI)-powered parametric insurance platform and reinsurer, based in Bermuda and Texas, that specialises in writing natural catastrophe risks.

Urs Ramseier, Chief Executive Officer of insurance-linked securities (ILS) manager Twelve Securis, expects significant growth in the parametric ILS market as technological advances enhance data quality, modelling, and trigger precision, creating new opportunities for business interruption coverage and protection where traditional insurance and reinsurance solutions are lacking.

An outbreak of severe and convective weather across the US Midwest and South looks set to be costly for the insurance and reinsurance industry as tornadoes, large hail, strong winds, dust storms, wildfires and flooding all turned deadly over the weekend.

AXIS Capital, the global specialty insurance and reinsurance underwriter, has now successfully priced its latest catastrophe bond issuance, securing the 33% upsized $200 million in North American named storm and earthquake protection from the Northshore Re II Ltd. (Series 2025-1) issuance, Artemis has learned.

Here are the ten most popular news articles, week ending March 16th 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.

Global insurance and reinsurance player Everest Group has reported significantly increased cessions from its property catastrophe line of business to cells of its Mt. Logan Re Ltd. third-party capitalised sidecar-like structure in 2024.

US primary insurer Allstate has now successfully priced its latest catastrophe bond transaction, securing the upsized 150% target of $750 million of collateralized multi-peril and multi-year catastrophe reinsurance protection from the Sanders Re II Ltd. (Series 2025-1) issuance, which marks the company’s joint-largest cat bond sponsorship ever.

Core Specialty Insurance Holdings, Inc. has increased the target size for its new Yosemite Re Ltd. (Series 2025-1) catastrophe bond, with now up to $95 million of catastrophe reinsurance sought from the deal which, like its first, will cover its StarStone US entities to begin.