Catastrophe bonds and insurance-linked securities news

US insurer Allstate has announced an estimated pre-tax catastrophe loss burden for the month of June 2025 of $619 million. But the second-quarter 2025 total has now risen to $1.99 billion, which is a relatively heavy start for the annual aggregate year of its catastrophe bonds.

Arch Capital is set to recover the remainder of its $150 million of retrocessional reinsurance protection from what was its debut property catastrophe bond issuance, the global multi-peril focused Claveau Re Ltd. (Series 2021-1). Covered aggregate losses are now understood to have eroded the remaining principal, Artemis has learned.

US primary insurer Travelers has renewed substantially the same of its largest catastrophe reinsurance arrangements at the mid-year renewal season, although with some changes and a broadening of another of its covers, and perhaps a non-renewal of smaller treaties, while for the second year running the company has lifted its catastrophe bond attachment higher up […]

We wanted to provide an early view of who you can meet if you register to join our upcoming catastrophe bond and insurance-linked securities (ILS) conference, Artemis London 2025. Held in London on September 2nd, the event will feature a full-day of in-depth discussion about the ILS market and valuable networking. Register to attend here.

Over time, the returns per-unit of risk from catastrophe bonds have, on average, declined faster for industry-index deals, resulting in a divergence between the at-issuance spreads delivered by cat bonds featuring industry-loss triggers versus the rest of the market, data from Man Group shows.

The catastrophe bond market has just had its busiest 12-month period on record, as issuance between August 2024 and July 2025 has now reached just slightly under $23 billion, marking a landmark stretch of activity for this segment of the insurance-linked securities (ILS) market.

HSBC Bank USA, N.A. has announced a key hire to enhance its capabilities in the provision of corporate trusts to the insurance-linked securities (ILS) market, bringing Michael Commisso to the firm from his previous role at BNY.

You can now watch the full replay of our recent Artemis Live webinar, Catastrophe Bond and ILS Market Conditions at Mid-Year 2025, from which you can gain insights into the state of the market and expert opinion about renewal outcomes for the insurance-linked securities (ILS) market, as well as an outlook for the rest of […]

In an exclusive interview, Co-Founder Greg Hagood and Chief Investment Officer Jessica Laird of Nephila Capital, one of the world’s largest and longest-standing insurance-linked securities (ILS) managers, told Artemis that during the past six years of Markel Group ownership, the Nephila business is a “materially enhanced platform offering a broader suite of investment portfolios for […]

The Government of the United Kingdom has confirmed new authorisation targets for new insurance special purpose vehicle (ISPV) applications, as well as a 10-day target for certain insurance-linked securities (ILS) arrangements, while also launching a new consultation on a more flexible and extended risk transformation regime.