Archive for June, 2025

Global P&C insurer AmTrust Financial Services has now raised the target size of its new Solis Re Ltd. (Series 2025-1) catastrophe bond issuance, with now up to $150 million of northeast US named storm reinsurance being sought from the deal, Artemis has learned.

Insurer USAA has extended the maturity for $225 million of catastrophe bond notes issued under its originally $400 million Residential Reinsurance 2021 Limited (Series 2021-1) aggregate cat bond issuance, allowing for further development of losses to identify if any reinsurance recoveries become due.

In its New York lawsuit against China Construction Bank (CCB) over the Vesttoo fraud, Aon’s segregated accounts company White Rock Insurance (SAC) Ltd. has raised the recent emergence of a criminal bribery case in Hong Kong and suggests this means CCB must have relevant communications and documentation that would support its own claims.

The Twelve Cat Bond Fund, the flagship UCITS catastrophe bond fund strategy operated by insurance-linked securities (ILS) manager Twelve Securis, has reached a new milestone in terms of its size, becoming the first UCITS cat bond fund to surpass US $4 billion of assets under management.

This is a final reminder to register for our upcoming live Catastrophe Bond and ILS Market Conditions at Mid-Year 2025 webinar that is being held on June 17th 2025, in which our industry expert speakers will discuss market conditions and provide thoughts on the ILS market outlook at the mid-point of the year.

Schroders Capital has posted strong early-year performance across its core catastrophe bond portfolios, benefiting from a deliberate underweight to wildfire risk that helped mitigate losses tied to the severe Los Angeles wildfires in January.

Specialty insurer Beazley is enhancing its property parametric underwriting capabilities with the appointment of Swiss Re’s Stefan Wunderlich as Head of Parametric Insurance.

Specialty insurance and reinsurance company Convex Group is back in the catastrophe bond market with an initial $100 million or greater target for its third sponsorship, a Hypatia Ltd. (Series 2025-1)  cat bond issuance, Artemis has learned.

Broking giant Aon aims to, through its strategic plan, scale more risk capital for its clients, bringing more of the capital markets into its offering with an ambition to add more resources to its insurance-linked securities (ILS) business and highlighting $3 billion of parametric limits bound.

Mereo Advisors, the Bermuda based insurance, reinsurance and asset management group that also manages insurance-linked securities (ILS) funds, has been rebranded as Cedar Trace.