Archive for June, 2025

The specialty re/insurance market may be starting to soften, but the inflection point into a full soft market remains two to three years away, according to a new report from Peel Hunt.

Markel, the global specialty insurer, has promoted Nikki-Lynn Marshall to the role of Head of insurance-linked securities (ILS), after just six months in her previous role with the firm.

Mercury General Corporation, the California headquartered insurer, is aiming to upsize its debut 144A catastrophe bond market, raising the target to secure as much as $150 million in reinsurance from the Luca Re Ltd. (Series 2025-1) issuance to cover wildfire and fire-following earthquake losses in its home state, Artemis can report.

Regulator and supervisor the European Securities and Markets Authority (ESMA) has now published its awaited advice to the European Commission (EC) on its review of the UCITS Eligible Assets Directive (EAD), in which it says its conceptual view is that some alternative assets such as catastrophe bonds may sit better under a different framework than […]

Descartes Underwriting, the parametric risk transfer specialist, has announced the launch of a new fully customisable Flood-at-Location parametric flood insurance product for U.S. commercial customers.

Ariel Re, the Bermuda headquartered global reinsurer, has now secured the upsized $150 million of multi-peril retrocessional reinsurance protection from its fifth catastrophe bond, Titania Re Ltd. (Series 2025-1), Artemis can report.

The CEO of Citizens Property Insurance Corporation has hailed the ongoing recovery of Florida’s property insurance market, explaining that the insurers policy count now stands some 45% lower than its most recent peak and exposure down 43% in just one year, while market conditions suggest this trend will continue.

The Government of Grenada has renewed its annual parametric insurance coverage with the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC) for the 2025/2026 policy year, for a total cost of roughly US$1.828 million, plus applicable fees.

As global financial markets reacted to the recent and continuing U.S. tariff threats, as well as macroeconomic and geopolitical uncertainty, catastrophe bonds once again proved their worth as a source of calm in the storm, according to Brookmont Capital Management, manager of the Brookmont Catastrophic Bond ETF (ILS).

Aeolus Capital Management Ltd., the specialist insurance-linked securities (ILS) and reinsurance investment manager, has announced a new research collaboration with Cornell University’s Department of Earth and Atmospheric Sciences, aimed at improving the modelling of hurricane tracks and assessing landfall risk with greater accuracy.