Archive for June, 2025

Institutional investors are searching for diversification, income generation and also defensiveness in their asset selection, as they strive to build resilient portfolios to suit a world defined by fragmentation and flux, a survey from asset manager Schroders explains.

Major hurricane Erick has made landfall on the coast of Mexico with 125 mph sustained winds in the state of Oaxaca and the NHC reports the minimum central pressure at 950mb, which is above the level where the World Bank facilitated $175 million IBRD CAR Mexico 2024 (Pacific) parametric catastrophe bond would be triggered.

Were major hurricane Erick to trigger the $175 million IBRD CAR Mexico 2024 (Pacific) catastrophe bond that provides disaster insurance to the Mexican government, it could reignite the debate surrounding parametric triggers, given the recency to another trigger event with hurricane Otis back in 2023, Florian Steiger of Icosa Investments has suggested.

Convex Group, the specialty insurance and reinsurance company, has now focused in on securing 50% more protection from its latest Hypatia Ltd. (Series 2025-1)  catastrophe bond, with $150 million said to be the ambition but at lower pricing still as the price guidance has fallen for a second time, Artemis has learned.

Rapid intensification of tropical storm Erick into a major hurricane has brought Mexico’s Pacific coast hurricane parametric catastrophe bond, the $175 million IBRD CAR Mexico 2024 (Pacific) issuance, sharply into focus, as Erick’s central pressure is estimated just a couple of millibars above where the trigger for attachment sits.

Florida’s Citizens Property Insurance Corporation has leaned more heavily on the catastrophe bond market for its 2025 risk transfer strategy, with CFO Jennifer Montero revealing that 70% of the insurer’s total risk transfer program, including both new and continuing coverage, is now backed by cat bonds.

US insurer Allstate has announced an estimated pre-tax catastrophe loss burden for the month of May 2025 of $777 million, which when added to the cat losses from April takes the total for its 2025 annual risk period for its aggregate catastrophe bonds to $1.37 billion.

With targets upsized for two 144A catastrophe bond sponsorships that are in the market at this time, the annual record for 144A cat bond issuance could now be exceeded before the end of the first-half of 2025, with close to $17.5 billion now a possible H1 issuance total, if the remaining 144A cat bonds all […]

Catastrophe bonds and insurance-linked securities (ILS) have become a foundational component of cedant and sponsor reinsurance towers in 2025, with the market now living up to the promise many believed it presented from the start, speakers in our Artemis Live webinar said yesterday.

Convex Group, the specialty insurance and reinsurance company, has raised the target size for its latest and third catastrophe bond sponsorship, with protection from the Hypatia Ltd. (Series 2025-1)  cat bond issuance now expected to fall between $125 million and as much as $150 million, Artemis has learned.