Archive for May, 2025

Parametric natural catastrophe and weather risk transfer rates are forecast to be flat to -5% down, with capacity levels continuing to increase but so too are opportunities, as the focus continues to move beyond peak perils, according to WTW, the parent of insurance and reinsurance broking group Willis.

Artemis turned 26 years old this month and we wanted to highlight that we’ve now tracked over $192 billion in catastrophe bonds and related insurance-linked securities (ILS) within our extensive Deal Directory, alongside the hundreds of billions in assets we’ve tracked flowing into other insurance and reinsurance linked opportunities over the years.

Catastrophe bonds and other private market risk-transfer tools are essential to help Europe’s agriculture sector manage mounting climate risks, according to Howden, as annual weather-related losses are expected to rise to €40 billion by 2050.

Large European reinsurer Hannover Re has secured the 50% upsized target for $150 million in retrocession covering US and North American peak perils from its new 3264 Re Ltd. (Series 2025-2) catastrophe bond, with the notes priced at the bottom of reduced guidance.

The California Earthquake Authority (CEA) is back in the catastrophe bond market looking for more earthquake reinsurance protection from the capital markets, with an initial $250 million target for what will be its 22nd directly sponsored cat bond, an Ursa Re II Ltd. (Series 2025-1) issuance.

At Artemis’ ILS NYC 2025 conference, a high-profile panel of industry leaders highlighted the growing potential of parametric insurance-linked securities (ILS) to reshape risk transfer markets.

As the 2025 Atlantic hurricane season nears, Schroders Capital’s insurance-linked securities (ILS) team is cautioning investors against overreacting to early-season forecasts, with Mark Gibson from the company highlighting the need for a continued focus on risk fundamentals and portfolio diversification.

Global broker Aon and risk modelling, data and analytics specialist Moody’s Insurance Solutions have announced an expanded casualty reinsurance collaboration, with part of the goal being to help capital more efficiently allocate to casualty risk.

Aspen Capital Markets, the third-party, ILS and alternative reinsurance capital management unit of global re/insurer Aspen, generated half of the fee income earned in calendar year 2024 from managing casualty insurance and reinsurance opportunities for its investors.

Efficiently structured insurance-linked securities (ILS) transactions are playing a pivotal role in reducing capital costs for re/insurers, according to risk capital and reinsurance solutions broking firm Augment Risk.