Best of Artemis, week ending December 21st 2025

Here are the ten most popular news articles, week ending December 21st 2025, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.

Ten most read articles on Artemis.bm, week ending December 21st 2025:

1. Vantage to be acquired by Howard Hughes Holdings. Pershing Square to manage assets
   Vantage Group Holdings Ltd., the specialty insurance and reinsurance group with a collateralized underwriting arm under the AdVantage strategy, has announced it is to be acquired by the Bill Ackman linked Howard Hughes Holdings, while his hedge fund Pershing Square will manage Vantage’s investment assets going forwards.
2. Willis Re adds ILW, ILS, property retro broking expertise with new joiners
   Willis Re is building out its broking expertise of relevance to the insurance-linked securities and third-party reinsurance capital markets.
3. Howard Hughes Holdings appreciates “high-margin, asset-light fee stream” of AdVantage
   With the announcement that insurance and reinsurance specialist Vantage Group is set to be acquired by Howard Hughes Holdings, the firm’s third-party collateralized reinsurance capital business AdVantage received a positive mention from the acquirer’s executives during an analyst call.
4. AIG sets up another sidecar-style syndicate at Lloyd’s with Blackstone, Amwins, AI in the mix
   AIG has announced another special purpose vehicle launch in the Lloyd’s of London marketplace, as the insurer has partnered again with Blackstone on another sidecar-style syndicate, while this time distribution giant Amwins and artificial intelligence supplied by Palantir are also in the mix.
5. Abu Dhabi regulator seeks input on potential ILS framework, synthetic sidecar concept
   The financial regulator in Abu Dhabi is asking for stakeholder and industry feedback as it considers developing a framework to support growth of an insurance-linked securities market there, while also seeking input to a concept for a “synthetic sidecar” structure that would sit within a regulated insurance entity.
6. Higher-layer property cat expected down 20% or more at Jan renewals: TD Cowen
   Following a field trip to Bermuda, analysts at TD Cowen have concluded from their discussions on the island that higher-layer property catastrophe reinsurance rates could be down 20% or more at the January 2026 renewals, while attachment points are largely holding, but the renewal is seen as running late.
7. ILS NYC 2026 conference – Our third speaker announcement
   We announced three more expert speakers for our insurance-linked securities conference that will be held in New York on Feb 6th.
8. Swiss Re: Insured catastrophe losses to reach $107bn in 2025, sixth year exceeding $100bn
   For the sixth year running, 2025 will see over $100 billion of natural catastrophe losses covered by sources of insurance and reinsurance capital, according to Swiss Re’s Institute, with the research part of the reinsurer projecting a total of around US $107 billion for the year.
9. OAK Enterprise execs: Overwhelmingly positive client and investor feedback to retro syndicate
   Having recently launched the OAK Enterprise retrocession focused Syndicate 1440 at Lloyd’s, executives from the company spoke with Artemis to discuss the opportunity they see in writing retro with the backing and support of third-party capital investors, as well as use of the London Bridge ILS structure to channel funding.
10. Cat bonds, physical risk insurance a top climate adaptation investment theme: Morgan Stanley
    Morgan Stanley recently surveyed over 900 institutional investors to understand their current thoughts on sustainable investments. With climate adaptation and resilience growing in prominence as themes, investors cited catastrophe bonds and physical risk insurance contracts among their top picks.

This is not every article published on Artemis during the last week, just the most popular among our readers over the last seven days. There were 36 new articles published in the last week.

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