Cat bond news

Palomar Insurance Holdings, the speciality US insurer that offers largely catastrophe exposed property products, has lifted the top of its reinsurance tower to provide as much as $3.53 billion of earthquake reinsurance protection at the renewals, with multi-year catastrophe bonds set to provide 33% of that total for 2025.

American Integrity Insurance Company renewed a meaningful $799 million increase in reinsurance limit this year, helped by its latest and largest catastrophe bond to-date, resulting in a reinsurance tower that now extends to $2.59 billion and features more cat bond protection.

Commenting on the successful placement of its new €200 million Lion Re DAC Series 2025-1) catastrophe bond, sponsor Generali’s Group CFO Cristiano Borean hailed the “unique and distinctive ESG features” of the cat bond, also citing “a further enhancement in terms of structural efficiency, optimisation and flexibility,” thanks to the new shelf programme under Lion […]

The GAM Investments operated Star Cat Bond Fund UCITS strategy saw its catastrophe bond assets under management rise at the latest reporting of net asset values, halting a decline that began after ending its long relationship with the fund’s previous portfolio manager, Fermat Capital Management.

The ILS Advisers Fund Index, which tracks the performance of the insurance-linked securities (ILS) fund sector, has turned positive for the year after April on the back of another strong month of private ILS fund returns.

At Artemis’ ILS NYC 2025 conference, a high-profile panel of industry figures discussed how the maturing catastrophe bond market can better navigate capacity crunches, volatility, and communication gaps as it continues to grow at record pace.

The Hanover Insurance Group, Inc. has raised the target size for its new Commonwealth Re Ltd. (Series 2025-1) catastrophe bond sponsorship, with now up to $200 million of multi-peril reinsurance limit sought, while at the same time the price guidance for the notes has been lowered, Artemis understands.

The UK Met Office has joined calls for above-average levels of 2025 Atlantic hurricane season activity, forecasting 9 hurricanes and 4 major hurricanes as the most likely number to be experienced, citing signals for continued neutral El Niño conditions and vertical wind shear at near to or below-normal levels.

Among the data points we track during the timeline of each catastrophe bond issuance, are the movements in pricing between the mid-point of initial offering guidance and the finalised spread, as well as any changes in the size of a cat bond offering from the initially targeted amount.

Global P&C insurer AmTrust Financial Services is back in the catastrophe bond market for the first time since 2017, with a target to secure $100 million or more in northeast US named storm reinsurance protection from this Solis Re Ltd. (Series 2025-1) issuance, Artemis has learned.