Archive for May, 2025

Global P&C insurer AmTrust Financial Services is back in the catastrophe bond market for the first time since 2017, with a target to secure $100 million or more in northeast US named storm reinsurance protection from this Solis Re Ltd. (Series 2025-1) issuance, Artemis has learned.

Fidelis Insurance has now secured its upsized target of $90 million of worldwide aggregate retrocession through the new Herbie Re Ltd. (Series 2025-1)  catastrophe bond issuance, while the notes have now been priced at the low-end of initial guidance, Artemis can report.

We can now bring you additional details on the recent $1.55 billion of catastrophe bond’s sponsored by US insurer State Farm. We’ve learned that there is a range of reinsurance protection provided by the four series of notes, the largest being a $550 million aggregate cat bond cover for the company.

Despite signs of softening at key renewal periods, returns on capital in the property catastrophe reinsurance sector remain “very attractive,” according to analysts at Peel Hunt, who noted that the market continues to deliver internal rates of return (IRRs) well above the cost of capital.

The Massachusetts Property Insurance Underwriting Association (MPIUA) has now secured its latest catastrophe bond at the 50% upsized target to source $225 million of multi-peril reinsurance protection from the capital markets with its new Mayflower Re Ltd. (Series 2025-1) issuance.

Super Early Bird tickets are running low for our next catastrophe bond and insurance-linked securities (ILS) market conference, Artemis London 2025. To join us in London on September 2nd, for a full-day of in-depth discussion about the ILS market and valuable networking, register to attend here.

Canopius Group, the global specialty insurance and reinsurance underwriter, has returned to the catastrophe bond market looking to renew and upsize on a soon to mature deal with what will be its second cat bond, targeting $125 million or more in protection from this Finca Re Ltd. (Series 2025-1) issuance, Artemis has learned.

Here are the ten most popular news articles, week ending May 25th 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.

Ontario Teachers’ Pension Plan (OTPP), a long-standing pension investor in the insurance-linked securities (ILS) market, has promoted Shavir Nagarwalla to the role of Managing Director, Head of Hedge Funds and Insurance Linked Securities.

Tropical Storm Risk (TSR) has released its pre-season forecast for the 2025 Atlantic hurricane season today and has raised its figures for the number of storms and hurricanes it predicts, also raising the number of landfalling US hurricanes in its forecast to 3, while joining calls for an above-average level of activity.