Archive for April, 2025

Arch Capital Group CEO Nicolas Papadopoulo says downward repricing in the catastrophe bond market is creating pressure at the top of reinsurance programs, even as structural supply constraints in peak zones like Florida could temper broader softening across the mid-year renewals.

Listings of catastrophe bond notes on the Bermuda Stock Exchange (BSX) rose by almost 5% in notional limit terms over the first-quarter of 2025, to end the period at a new high of $47.53 billion.

Analysis from reinsurance broker Howden Re suggests that a cyber catastrophe industry loss event of $9 billion or more would result in more meaningful losses to the outstanding cyber cat bond market, and that cat bond may outperform on a recovery basis for cedents.

Florida’s Citizens Property Insurance Corporation has now upsized its target for its latest catastrophe bond, increasing it to now seek up to $1.4 billion in named storm reinsurance protection from the Everglades Re II Ltd. (Series 2025-1) issuance, which if secured, would make it the joint second largest cat bond ever, Artemis has learned.

Peak Re has hailed the structure of its latest catastrophe bond issuance, the $50 million Black Kite Re Limited (Series 2025-1) transaction, a move that the company’s CEO says reflects the firm’s broader mission to address Asia’s evolving catastrophe risks while fostering sustainable growth across the Asia-Pacific region.

March 2025 was a positive month for the insurance-linked securities (ILS) fund sector, with a strong 0.82% average return across the sector according to the ILS Advisers Fund Index.

Attachment points for property catastrophe reinsurance have not slackened in 2025 with the risk-sharing remaining stable between primary markets and reinsurers, but with more loss-affected renewals at the mid-year, Beazley’s CEO Adrian Cox believes the outcome may be a little stronger than earlier contract signings.

Aspen has launched an initial public offering (IPO) of shares, seeking to raise as much as $392 million which could value the firm at almost $2.9 billion. In the disclosures made, Aspen revealed its third-party, ILS and alternative reinsurance capital management unit Aspen Capital Markets (ACM) saw a significant rise in fee income in Q1 […]

Utica National Insurance Group has now successfully priced its debut Genesee Street Re Ltd. (Series 2025-1) catastrophe bond to provide a 21% upsized $150 million in US named storm and severe thunderstorm reinsurance protection, with the spread finalised at the mid-point of guidance, Artemis understand.

One of the data points we track related to catastrophe bond issuance is the number of debut cat bond sponsors that enter the market for the first time by quarter and year. We’ve created a new chart to allow our readers to visualise and analyse this trend in the cat bond sponsor-base.