Cat bond news

With the catastrophe bond and insurance-linked securities (ILS) market expected to continue growing by analysts at investment bank Jefferies, they say that this will necessitate a continued expansion further into new and secondary perils, to offer broader risk management for re/insurers and an increasingly diversified investment choice for allocators.

Aetna, the health, medical and benefits insurance unit of CVS Health, is on-track to secure what will be the largest insurance-linked securities (ILS) issuance in its long-standing Vitality Re series, as the firm’s sixteenth transaction continued to target $250 million of reinsurance from the Vitality Re XVI Ltd (Series 2025) deal.

Artemis has learned that Inigo Insurance, the London headquartered specialty insurance and reinsurance underwriter, is now seeking an upsized $115 million of protection from its new Montoya Re Ltd. (Series 2025-1) catastrophe bond deal, which is the first cat bond from Inigo to feature multiple tranches, one being a new subsequent event cover.

Hannover Re is now seeking an upsized $200 million in broad retrocession covering worldwide peak perils on an annual aggregate basis, from its new 3264 Re Ltd. (Series 2025-1) cat bond transaction that is in the market, Artemis has learned.

Greg Case, CEO and Andy Marcell, CEO of Risk Capital at insurance and reinsurance broker Aon, have highlighted that innovation and new alternative  sources of capital are required to protect communities and assets, in bridging the gap between economic and insured catastrophe and climate losses.

A new study by specialist manager of catastrophe bond and insurance-linked securities (ILS) funds, Plenum Investments, has revealed that a lower expected loss of a portfolio should not always be considered a key indicator of a fund’s level of risk, in comparison to other funds.

LGT Capital Partners believes that 2025 should see continued growth of the insurance-linked securities (ILS) asset class, as well as attractive allocation opportunities, against a backdrop of rising demand for protection across the insurance and reinsurance industry.

With just a few weeks left to register for our upcoming catastrophe bond and insurance-linked securities (ILS) conference, Artemis ILS NYC 2025 is being held in New York on February 7th, here’s a look at who you can meet on the day. Register here to ensure you can join us at the event.

Fermat Capital Management, the specialist catastrophe bond and insurance-linked securities (ILS) investment manager, reached a new milestone in terms of cat bond and ILS assets under management at the end of 2024, surpassing the $10 billion level for the first time.

With the consultation on reforms to the UK’s insurance special purpose vehicle (ISPV) regulatory regime underway, Sam Woods, the CEO of the Prudential Regulation Authority (PRA) has highlighted this as a priority for driving competitiveness and growth.