Best of Artemis, week ending December 28th 2025

Here are the ten most popular news articles, week ending December 28th 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 28th 2025:

1. Swiss Re Insurance-Linked Investment Advisors Corporation to make Weissman CEO
   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.
2. Chubb secures first annual aggregate cyber cat bond, $150m East Lane priced at low-end
   Chubb has now successfully priced the first annual aggregate cyber catastrophe bond issuance in the market’s history, securing the targeted $150 million of reinsurance from its new East Lane Re VII Ltd. (Series 2026-1) transaction at the low-end of guidance.
3. KBW expects property cat rate declines approaching 20%, highlights retro vulnerability
   A recent report from KBW analysts, following their semi-annual trip to Bermuda in anticipation of the January 1st renewals, indicates that the retrocession market continues to be more vulnerable to instability, with this instability contributing an additional layer of fragility to the broader reinsurance ecosystem.
4. Reinsurers hold firm as increase in retentions contains cat losses: J.P. Morgan
   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.
5. Private ILS heads into Jan renewals with increased capacity and technical discipline: Doris, Twelve Securis
   The private insurance-linked securities (ILS) market is approaching the January renewals from a strong standpoint, with capacity projected to be marginally higher, which may exert some pricing pressure. However, according to Cahal Doris, CIO Private ILS at Twelve Securis, the firm still expects to observe technical discipline within the market.
6. Liberty Mutual’s 11th Mystic Re cat bond highlights HCMA’s execution capabilities: Madea
   Liberty Mutual Insurance’s sponsorship of a $150 million Mystic Re IV Ltd. (Series 2026-1) catastrophe bond issuance underscores the strength of Howden Capital Markets & Advisory’s (HCMAs) platform and its ability to execute complex transactions efficiently, according to Jarad Madea, CEO, HCMA.
7. MS Amlin places new Phoenix Re securitized sidecar notes for 2026. $24.5m seen so far
   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.
8. Cat bond market expansion and attractive private ILS opportunities lay ahead: HCMA
   During an interview, executives at Howden Capital Markets & Advisory outlined how the catastrophe bond market has evolved into a well-established asset class that helps strengthen systemic resilience for public and private entities, while also acknowledging how private ILS continues to present attractive opportunities for cedants and investors heading into 1.1 and beyond.
9. QBE secures 33% upsized $400m Bridge Street Re 2025-2 cat bond at mid-guidance
   QBE has now successfully priced its latest catastrophe bond to secure the one-third upsized $400 million of international peak peril reinsurance from the Bridge Street Re Ltd. (Series 2025-2) issuance.
10. 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.

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 23 new articles published in the last week.

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