Archive for December, 2025

According to equity analysts from Mizuho Americas, property catastrophe reinsurance rates are expected to remain adequate but less profitable in 2026 across peak zones and perils, while reinsurers are projected to deliver strong returns in 2025, aided by retained earnings growth and increasing ILS participation.

Cincinnati Insurance Companies has now secured the targeted $150 million of fully-collateralized reinsurance from the capital markets through its new Skyline Re II Ltd. (Series 2025-1) catastrophe bond, as the notes have now been priced to pay a lower spread than the initial guidance, sources have told Artemis.

MS Amlin is back in the market to place securitized notes under its Phoenix Re series of collateralized reinsurance sidecar deals, with a $24.5 million tranche of notes under its Singapore registered Special Purpose Reinsurance Vehicle named Phoenix 2 Re Pte. Ltd. so far, Artemis can reveal.

Ministers from the G20, or Group of Twenty recently came together in Johannesburg, South Africa to address major global challenges and ways to promote sustainability, with members underscoring the importance of investing in building sustainable resilience through the use of disaster risk reduction (DRR) tools such as catastrophe bonds and parametric insurance.

The Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC) ILS investment management division of global reinsurance firm Swiss Re will start 2026 with a new CEO, as Leigh Weissman is being promoted to the position and Dr. Mariagiovanna Guatteri will then focus solely on leading the investment strategy as CIO.

Inigo Insurance’s sponsorship of its fifth and largest catastrophe bond yet, the $255 million Montoya Re Ltd. (Series 2025-2) issuance, which is more than double the size of any of the company’s previous cat bonds, is expected to serve as a “cornerstone” of the firm’s capital stack, Adam Alvarez, Head of Capital and Climate Strategy, […]

With 2025 marking the fifth consecutive year in which global catastrophe claims have exceeded $100 billion, analysts at J.P. Morgan emphasised that the impact on reinsurers has been less damaging, in the main because higher cedant retentions continue to shift a greater share of losses back to primary carriers.

Sponsors GeoVera and SafePort have settled for $200 million of US named storm reinsurance protection from the new Meritage Re Ltd. (Series 2026-1) catastrophe bond, opting not to upsize the offering, but securing the coverage at lower pricing, Artemis can report.

Plenum Investments, the specialist manager of catastrophe bond and other reinsurance-linked assets, has announced that its two flagship CAT bond funds have achieved significant milestones, reaching a total combined volume of over $1.1 billion.

Germania Insurance has now secured the targeted $100 million of multi-peril catastrophe reinsurance from its debut Handshake Re Ltd. (Series 2025-1) catastrophe bond sponsorship, with the notes now priced to pay a risk interest spread that is below the initial guidance range, Artemis has learned from sources.