Posts by Luke Gallin, Author at Artemis.bm

Sentiment for the insurance-linked securities (ILS) space is positive across all segments and there’s increasing interest from new investors and optimism around the private side of the market, while alignment and transparency remain key, according to industry experts.

Speaking at global reinsurer SCOR’s briefing at RVS 2025 in Monte Carlo, Jean-Paul Conoscente, Chief Executive Officer (CEO) of SCOR Global P&C, said that the firm will continue to sponsor catastrophe bond issuances regardless of the market cycle.

Andrew Newman, President of global reinsurance broker Gallagher Re, said today that if the firm’s pipeline is any indication of catastrophe bond market activity in the final quarter of 2025 and the first half of next year, “we won’t be surprised to see a fourth record-breaking year of issuance.”

Analysts at Moody’s Ratings expect the alternative reinsurance capital space to continue to expand over the long-term, stating that much of the growth will come from reinsurers with additional growth expected from non-catastrophe risk, as the rating agency shifts its outlook on the global reinsurance sector to stable from positive.

Nephila Capital, one of the world’s largest and longest-standing insurance-linked securities (ILS) managers, has selected financial technology provider SEI to support its back and middle-office operations in both North America and the UK, as the manager continues to grow its presence in the ILS market.

In an exclusive interview, Co-Founder Greg Hagood and Chief Investment Officer Jessica Laird of Nephila Capital, one of the world’s largest and longest-standing insurance-linked securities (ILS) managers, told Artemis that during the past six years of Markel Group ownership, the Nephila business is a “materially enhanced platform offering a broader suite of investment portfolios for […]

The 2025 Industry Exposure Database (IED) from Zurich-based catastrophe loss data aggregator, PERILS AG, includes market sums insured for the severe convective storm (SCS) peril for the first time, while exposure growth across all markets continues.

Great American Insurance Group is now targeting between $300 million and $350 million in multi-peril collateralized reinsurance through its Riverfront Re Ltd. (Series 2025-1) transaction, so likely to be its largest catastrophe bond issuance yet, while price spread guidance has been updated for the tranches of notes, Artemis has learned.

Louisiana Citizens Property Insurance Corporation, a non-profit residential and commercial property insurer for those unable to access private market insurance in the state, is now targeting $280 million of collateralized named storm reinsurance from its Bayou Re Ltd. (Series 2025-1) catastrophe bond issuance, while the spread guidance has narrowed from initial guidance, Artemis has learned.

Consecutive record years of cat bond issuance, a fast start to this year, a broadening investor and sponsor base, and expansion into perils like cyber and casualty, means it’s an exciting time to be in the insurance-linked securities (ILS) space, according to Jason Bolding, CEO of Gallagher Securities.