Best of Artemis, week ending November 16th 2025

Here are the ten most popular news articles, week ending November 16th 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 November 16th 2025:

1. Fermat to offer turn-key reinsurance portfolio construction for investors with Fermat Re
   Fermat Capital Management is set to leverage its underwriting and analytics expertise to launch new entity Fermat Re, as it demonstrates its desire to take greater ownership for the origination, structuring and management of reinsurance investment opportunities, while creating turn-key portfolios for clients.
2. KKR sidecar assets and fees show importance of third-party capitalised reinsurance strategy
   For KKR, with committed capital managed in life and annuity reinsurance sidecar structures under Global Atlantic rising rapidly for the investment giant in recent years, these third-party capitalised reinsurance strategies are an increasingly important component of the firm’s results.
3. California FAIR Plan enters catastrophe bond market with $250m Golden Bear Re
   The California FAIR Plan Association is sponsoring its first catastrophe bond, with an initial target to secure $250 million or greater in capital markets backed wildfire reinsurance protection through a Golden Bear Re Ltd. (Series 2026-1) cat bond issuance.
4. Beazley targets $200m PoleStar Re 2026-1 cyber catastrophe bond
   Beazley, the London headquartered specialty insurance and reinsurance company, is back in the 144A catastrophe bond market to sponsor a new cyber cat bond deal, seeking $200 million or more in excess-of-loss protection from a PoleStar Re Ltd. (Series 2026-1) issuance.
5. Moody’s finalises, publishes new catastrophe bond and ILS rating methodology
   Moody’s Ratings has now finalised and published its awaited new methodology for rating insurance-linked securities (ILS) such as catastrophe bonds.
6. Farmers seeks $300m Topanga Re 2025-1 multi-peril catastrophe bond
   Farmers Insurance Group has returned to the catastrophe bond market for its second sponsorship, seeking at least $300 million of multi-peril US catastrophe reinsurance protection from the capital markets with a Topanga Re (Series 2025-1) issuance.
7. Aon structures Brazil’s first parametric forest fire insurance policy for Faber-Castell
   Insurance and reinsurance broking firm Aon has structured and placed the first and largest parametric forest fire insurance policy ever undertaken in Brazil, developed for stationery manufacturer Faber-Castell.
8. Jamaica to receive full $150m payout from parametric cat bond after Hurricane Melissa: World Bank
   The World Bank has announced today that following the events of Hurricane Melissa, the Government of Jamaica will receive a full 100% payout of its $150 million IBRD CAR Jamaica 2024 parametric catastrophe bond.
9. NC Farm Bureau seeks $325m Blue Ridge Re 2025-1 multi-peril catastrophe bond
   The North Carolina Farm Bureau has returned to the catastrophe bond market for the second time, seeking to sponsor a $325 million issuance of Blue Ridge Re Ltd. (Series 2025-1) cat bond notes that will expand its capital markets backed reinsurance to include additional perils, while also adding aggregate protection for the first time.
10. Munich Re and Hannover Re both guide to triple digit million hurricane Melissa losses
    Major reinsurance firms are guiding to triple digit millions of Euros in losses from recent major hurricane Melissa, as these global giants demonstrate that they have meaningful shares of the market’s exposure to catastrophe events in the Caribbean. It’s impossible to say for certain, but any loss in the hundreds of millions could see some retro support.

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 34 new articles published in the last week.

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