Archive for November, 2025

Cincinnati Insurance Companies has returned to the catastrophe bond market for the first time since 2017, seeking $150 million or more in fully-collateralized reinsurance from the capital markets with a Skyline Re II Ltd. (Series 2025-1) deal that will cover certain losses from multiple US perils, Artemis has learned.

Mapfre Re’s second successful sponsorship of a 144A catastrophe bond and the fact the Recoletos Re DAC (Series 2025-1) deal upsized to provide €125 million of annual aggregate European windstorm retrocession demonstrates the cat bond market’s confidence in the reinsurance company, CEO Miguel Rosa said this morning.

Schroders Capital, the private assets division of the global asset manager with a specialist insurance-linked securities (ILS) investment management business, has become the second manager in the catastrophe bond market to take its UCITS cat bond fund strategy over US $4 billion in assets under management (AUM).

With the settlement today of two new catastrophe bonds, the 144A marketplace for new cat bond issuance has now just reached the $20 billion milestone in 2025, while including private deals the total amount of settled issuance tracked by Artemis this year is now $20.62 billion.

During a capital markets session with analysts this afternoon Beazley’s CEO Adrian Cox revealed that the firm’s plans to broaden into cyber insurance-linked securities (ILS) through its new Bermuda branch is actually a joint-venture with an established ILS market player with a platform on the island.

The UCITS exchange traded catastrophe bond fund (ETF) that is being launched by specialist investment manager King Ridge Capital Advisors LLC is set to be listed on three major exchanges under the ticker symbol CATB, Artemis has learned.

The Insurance Council of Australia (ICA) has declared an Insurance Catastrophe for the strong winds and damaging hail that affected South East Queensland between Sunday, November 23, and Monday, November 24, with the firm noting that insurers have already received more than 16,000 claims.

Beazley’s Chief Executive Officer Adrian Cox explained this morning that the new Bermuda platform it is launching will have a cyber insurance-linked securities focus, including a plan to launch a cyber ILS fund strategy.

Beazley, the London headquartered specialty insurance and reinsurance company, has made a significant commitment to the Bermuda marketplace with the deployment of $500 million of capital to establish a new platform on the island to drive growth and expansion into the alternative risk transfer market, including ILS opportunities.

The North Carolina Farm Bureau has now raised the target size for its latest catastrophe bond sponsorship, with protection from the Blue Ridge Re Ltd. (Series 2025-1) cat bond issuance now expected to fall between $475 million and as much as $500 million, while the price guidance has been reduced for three of the tranches […]