Best of Artemis, week ending March 9th 2025

Here are the ten most popular news articles, week ending March 9th 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 March 9th 2025:

1. FEMA said to have halted work on FloodSmart Re 2025-1 catastrophe bond
   The U.S. Federal Emergency Management Agency (FEMA) has halted preparatory work for a planned FloodSmart Re Ltd. Series 2025-1 catastrophe bond issuance, which we’re told is as a consequence of the oversight and focus on government agencies instigated by the new U.S. Administration.
2. MLC launches multi-manager ILS fund, its first dedicated reinsurance strategy
   MLC Asset Management, an Australian investment arm of Insignia Financial Group, has launched a new multi-manager insurance-linked securities (ILS) fund offering, the MLC Reinsurance Investment Fund, which marks the firm’s first dedicated ILS fund strategy that is being offered to institutional investors.
3. Catastrophe bond issuance breaks first-quarter record, tracking for $6bn+ Q1 2025
   The catastrophe bond market is on-track for a stunning first-quarter of activity in 2025, with the Q1 issuance record already broken and the three-month period now projected to see more than $6 billion of cat bond risk capital issued, Artemis’ data shows.
4. Considered capital deployment critical on road to $200bn ILS market: SIFMA 2025
   Discussing the road to a $200 billion insurance-linked securities (ILS) market at the SIFMA ILS 2025 conference in Miami last week, speakers stressed that considered deployment of capital at reasonable pricing and terms will be critical to continuing and perhaps accelerating the current growth trajectory.
5. RenaissanceRe launches Medici UCITS catastrophe bond fund with $340m
   RenaissanceRe, the Bermuda-based reinsurance company and third-party ILS capital manager, has now officially launched its first UCITS compliant property catastrophe bond fund strategy, the RenaissanceRe Medici UCITS Fund, with $340 million of capital allocated, confirming our reporting from three months ago.
6. Japan Post Insurance could invest up to $2bn in new Global Atlantic reinsurance sidecar
   Japan Post Insurance is considering making an investment of as much as $2 billion into a new reinsurance sidecar-like co-investment vehicle to be sponsored by U.S. life, retirement and annuities insurance and reinsurance company, Global Atlantic Financial Group.
7. It’s a really exciting time to be in ILS: Gallagher Securities CEO, Bolding
   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.
8. Flood Re lifts Vision 2039 cat bond target to £140m, price narrows towards upper-end
   Flood Re, the state-backed flood reinsurance pool in the United Kingdom, has increased the target size for its debut catastrophe bond, with now UK £140 million in fully-collateralized flood retrocessional reinsurance sought from the London Bridge 2 PCC Limited (Vision 2039 – 2025-1) transaction.
9. Market makers – A dream come true for secondary cat bond liquidity: SIFMA 2025
   The entry of market makers to enhance liquidity options in the secondary market for trading catastrophe bonds would be a dream come true, speakers suggested at the SIFMA ILS 2025 conference in Miami last week.
10. Mt. Logan Capital Management hires Liew as Chief Analytics Officer, AUM hits $1.8bn
    Mt. Logan Capital Management, Ltd. (MLCM), the Everest Group owned and operated third-party capital management platform, has appointed Sun Siang Liew as Chief Analytics Officer, where he will lead the organisation’s portfolio management and actuarial analytics functions.

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 37 new articles published in the last week.

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