Catastrophe bonds and insurance-linked securities news

The decommissioning of NOAA’s billion-dollar weather disaster database could force a rethink of parametric triggers used in catastrophe bonds and hamper insurers’ ability to model and price secondary perils, according to global ratings agency AM Best.

SV SparkassenVersicherung (SV) has spotlighted its new strategic partnership with Japan’s Zenkyoren as a cornerstone of its first catastrophe bond, Liongate Re DAC, a $100 million issuance that reflects a growing trend of collaborative and diversified global risk transfer in the insurance-linked securities (ILS) space.

The Massachusetts Property Insurance Underwriting Association (MPIUA) has now upsized its target for its latest catastrophe bond, increasing it to seek up to $225 million in multi-peril reinsurance protection from the capital markets from its new Mayflower Re Ltd. (Series 2025-1) issuance.

We’ve learned that State Farm has been back in the catastrophe bond market in recent weeks and has now secured what is a record amount of reinsurance limit from the capital markets in a single visit in cat bond form, as it priced $1.55 billion of multi-peril protection via sponsorship of four Merna Re (Series […]

Artemis turned 26 years old this month and we wanted to highlight that we’ve now tracked over $192 billion in catastrophe bonds and related insurance-linked securities (ILS) within our extensive Deal Directory, alongside the hundreds of billions in assets we’ve tracked flowing into other insurance and reinsurance linked opportunities over the years.

Catastrophe bonds and other private market risk-transfer tools are essential to help Europe’s agriculture sector manage mounting climate risks, according to Howden, as annual weather-related losses are expected to rise to €40 billion by 2050.

Large European reinsurer Hannover Re has secured the 50% upsized target for $150 million in retrocession covering US and North American peak perils from its new 3264 Re Ltd. (Series 2025-2) catastrophe bond, with the notes priced at the bottom of reduced guidance.

The California Earthquake Authority (CEA) is back in the catastrophe bond market looking for more earthquake reinsurance protection from the capital markets, with an initial $250 million target for what will be its 22nd directly sponsored cat bond, an Ursa Re II Ltd. (Series 2025-1) issuance.

A severe weather outbreak across the US midwest over the last few days is likely to have created more than $5 billion in losses for the insurance and reinsurance industry, perhaps making this outbreak the largest severe weather loss event of 2025 so far, according to BMS Group Senior Meteorologist Andrew Siffert.

The North Carolina Insurance Underwriting Association (NCIUA) has become the first catastrophe bond sponsor to benefit from an issuance that has disaster-resilience features integrated in it, with its recent $600 million Cape Lookout Re Ltd. (Series 2025-1) the very first cat bond to include an additional resilience feature.