Cat bond fund news

The Pioneer Investments mutual insurance-linked securities (ILS) team has now successfully grown its dedicated catastrophe bond fund strategy past the billion dollar mark, with the recently renamed Victory Pioneer CAT Bond Fund reaching $1.13 billion in assets under management this month.

The overall yield of the catastrophe bond market increased to above the 11% mark in June 2025, the first time it has surpassed that level since October 2024, but with the hurricane season now underway the expectation is for the discount margin to decrease, according to cat bond fund manager Plenum Investments.

The cohort of lower-risk catastrophe bond funds in the UCITS format are still leading the way year-to-date in 2025, with an average 3.06% return to June 27th. But the higher-risk cohort of cat bond funds are now narrowing the gap, as impacts from wildfire and aggregate losses and mark-to-market adjustments move further into the past.

King Ridge Capital Advisors LLC, a recently launched specialist insurance-linked securities (ILS) investment manager, has announced the hiring of former-PIMCO executive Shiraj Khan, who joins the company as Partner, Senior Vice President, and Head of Property Analytics and Research.

Euler ILS Partners, the specialist Swiss insurance-linked securities (ILS) investment manager, has hired Anton Ohneseit who brings investment analysis expertise gained from time most recently at UBS and Credit Suisse.

Plenum Investments AG, the Swiss based specialist manager of catastrophe bond and insurance-linked securities (ILS) funds, has hired Raphael Kron, an executive with significant experience advising institutional clients in the region, as well as specific cat bond expertise.

Issuance of catastrophe bonds and related insurance-linked securities (ILS) approached a massive $10.5 billion for the second-quarter of 2025, growing the outstanding cat bond market by $4.6 billion to a new end of quarter high of $56.7 billion, Artemis’ new quarterly cat bond market report shows.

Solidum Partners AG, the Swiss insurance-linked securities (ILS) investment manager, has expanded its investment team with the appointment of Georges Bolli as Senior Portfolio Manager and Quantitative Analyst ILS.

Regulator and supervisor the European Securities and Markets Authority (ESMA) has now published its awaited advice to the European Commission (EC) on its review of the UCITS Eligible Assets Directive (EAD), in which it says its conceptual view is that some alternative assets such as catastrophe bonds may sit better under a different framework than […]

The Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC) team, the catastrophe bond focused investment management arm of the global reinsurance firm, spent the month of May cleaning less liquid and private transactions from the GAM Star Cat Bond Fund portfolio, Artemis can report.