Archive for June, 2025

The Mangrove Risk Solutions private insurance-linked securities (ILS) platform operated by Marsh McLennan and reinsurance broker Guy Carpenter has issued a $6.25 million Mangrove Risk Solutions Bermuda Ltd. (Series 2025-D2) private catastrophe bond deal.

France-headquartered global re/insurer AXA has announced that its ceded reinsurance teams from across the entire Group, including AXA XL are coming together under the leadership of Guy Van Hecke, as the firm looks to align strategies and recognise synergies in its reinsurance buying.

Across the entire roughly $4.49 billion reinsurance risk transfer tower of Florida’s Citizens Property Insurance Corporation the capital markets have taken their largest share proportionally in 2025, with around 87% of the total backed by catastrophe bonds, collateralized reinsurance markets and ILS fund managers.

Insurance solutions provider Orion180 has increased its reinsurance tower by 31% year-over-year, reaching $845 million of limit for the 2025 hurricane season. The completed placement includes both excess-of-loss (XOL) and net quota share agreements, reflecting the company’s continued growth in high-risk, catastrophe-exposed markets.

The Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC) team, the catastrophe bond focused investment management arm of the global reinsurance firm, spent the month of May cleaning less liquid and private transactions from the GAM Star Cat Bond Fund portfolio, Artemis can report.

SageSure is back in the catastrophe bond market for the third time this year, with a new Gateway Re Ltd. (Series 2025-3) deal that seeks $100 million or more in U.S. named storm reinsurance to initially protect the Aurous and Elevate reciprocal exchanges, Artemis can report.

Everest Group has now secured its upsized target of $1 billion of collateralized retrocessional reinsurance limit from the capital markets from its two new Kilimanjaro II Re Ltd. (Series 2025-1) and Kilimanjaro II Re Ltd. (Series 2025-2) catastrophe bond transactions, Artemis can report.

Today we are announcing the first speakers for our upcoming catastrophe bond and insurance-linked securities (ILS) market conference, Artemis London 2025. 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.

Florida’s Citizens Property Insurance Corporation has confirmed that it has successfully completed its reinsurance renewal for the 2025 hurricane season, securing the targeted traditional and catastrophe bond coverage for less than the budget that had been set.

Kingstone Companies, the New York and northeast US focused insurance group, has increased its catastrophe reinsurance limit by 57% at its renewal, securing a $440 million tower for 2025, with its recently completed debut 1886 Re Ltd. (Series 2025-1) catastrophe bond assisting in this expansion of core protection.