Catastrophe bonds and insurance-linked securities news

In the latest annual report from Pool Re, the UK government-backed mutual terrorism reinsurance facility, its leadership explained how the third successful sponsorship of a terror catastrophe bond this year helps to distance the taxpayer from potential losses, while placing risk back into the private markets.

Artemis has learned that the Los Angeles Department of Water and Power (LADWP), the largest municipal utility operating in the United States, has now priced its latest catastrophe bond, securing $100 million of wildfire protection from its 123 Lights Re Ltd. (Series 2025-1) deal, with the notes priced at the bottom end of initial guidance.

Driving home just how important the RenaissanceRe Capital Partners division has become to the global reinsurance firm, its CEO disclosed that the third-party and ILS capital management division has generated $700 million in fees for the business since the beginning of 2023.

With just three weeks left until the event, we have added four more expert speakers to the roster for our upcoming catastrophe bond and insurance-linked securities (ILS) conference, Artemis London 2025. Held in London on September 2nd, there is not long to go. Register to attend here.

The catastrophe bond asset class continued to deliver for its investors through the first-half of 2025, exhibiting low correlation with broader financial markets, while spreads continue to track at levels that exceed those seen in high yield benchmarks, Swiss Re Capital Markets has reported.

Bermuda has continued to see strong registration numbers of new catastrophe bond, insurance-linked security (ILS) and alternative or third-party reinsurance capital related entities through the first-half of 2025, with the total rising slightly according to Bermuda Monetary Authority (BMA) data.

Catastrophe bond funds in the UCITS format experienced their best month of 2025 so far in July, as seasonality kicked in and lifted the average performance for the Plenum CAT Bond UCITS Fund Indices to a 4.39% return year-to-date.

According to Munich Re’s CEO, price pressure in reinsurance from alternative capital and insurance-linked securities (ILS) investors is “simply non-existent” with no major build-up of ILS capital seen and Joachim Wenning also does not believe reinsurance is soft.

Strategic Risk Solutions, Inc., an independent provider of insurance, reinsurance and captive management and consulting services, has promoted long-standing employee Andrew Hupman as its new head of office for SRS Bermuda.

The Mangrove Risk Solutions private insurance-linked securities (ILS) platform operated by Marsh McLennan and reinsurance broker Guy Carpenter has issued another private cat bond lite deal, as a roughly $22.43 million Mangrove Risk Solutions Bermuda Ltd. (Series 2025-C1) transaction has come to market, Artemis has learned.