Archive for June, 2025

Everest Re, the global reinsurer arm of Everest Group, looks set to secure meaningful catastrophe bond backed reinsurance capacity as its target has now doubled to secure $900 million in collateralized retrocession from its new Kilimanjaro II Re Ltd. (Series 2025-1) and Kilimanjaro II Re Ltd. (Series 2025-2) transactions, Artemis can report.

Descartes Underwriting, the parametric risk transfer specialist, has secured a strategic investment from Battery Ventures, a global technology-focused global investment firm.

For AIG its deeper partnership with asset manager Blackstone, which was established with the launch of a multi-year reinsurance sidecar-like syndicate last year, represents a way to optimise for the most efficient capital and an opportunity to generate sizeable fee income, according to Charlie Fry, EVP Reinsurance & Risk Capital Optimization.

Catastrophe risk modelling specialist Karen Clark & Company (KCC) has launched a new suite of high velocity (HV) models, designed to deliver faster and more efficient catastrophe loss analyses.

SV SparkassenVersicherung (SV) is setting its sights on future catastrophe bond activity after making its market debut earlier this year with the $100 million Liongate Re DAC issuance, a landmark deal co-sponsored with Japan’s Zenkyoren.

Vermont Mutual Insurance Company has now secured the 25% upsized target for $250 million of fully-collateralized multi-peril reinsurance from its new Baldwin Re Ltd. (Series 2025-1) catastrophe bond issuance, Artemis has learned.

The Colorado State University (CSU) tropical meteorology team has maintained its forecast for the 2025 Atlantic hurricane season to see above-average levels of activity, citing low odds of El Niño occurring during the peak season and keeping its forecast numbers relatively aligned with the recent 10-year average.

Kin Insurance has increased the size of its Florida reinsurance tower by 40% at the mid-year renewals, securing $1.4 billion of limits for that state, while its reinsurance coverage for other states (ex-CA) it operates in grew even more to surpass $250 million in limits.

The first-quarter 2025 results of global re/insurer Aspen drives home the importance of the growing fee income the company has been generating through its Aspen Capital Markets third-party, ILS and alternative reinsurance capital management unit.

The Government of Jamaica has prepared itself for the 2025 hurricane season with a further increase to its National Natural Disaster Risk Financing Policy arrangements, with the largely parametric reserves and contingent financing augmented with parametric insurance and its World Bank catastrophe bond.