Cat bond news

Stone Ridge Asset Management, the New York based alternative risk premia focused investment manager, has reported that the insurance-linked securities (ILS) assets under management in its mutual reinsurance fund strategies increased to almost $5.3 billion in the last quarter of record, with catastrophe bonds seemingly growing in focus.

The Inter-American Development Bank (IDB) and IDB Invest have unveiled a major expansion of disaster risk financial instruments designed to enhance the use of reinsurance and the capital markets for risk transfer across Latin America and the Caribbean.

SageSure now looks set to secure $100 million in U.S. named storm reinsurance protection from its latest catastrophe bond that will protect the Auros and Elevate reciprocal exchanges, while the price for the new Gateway Re Ltd. (Series 2025-3) issuance appears set to finalise below guidance.

Mercury General Corporation, the California headquartered insurer, has now successfully priced its first 144A catastrophe bond, securing the 50% upsized $150 million in reinsurance protection from the capital markets with the Luca Re Ltd. (Series 2025-1) issuance that will cover it for wildfire and fire-following earthquake losses in its home state, Artemis can report.

Ariel Re, the global reinsurance firm, is “very happy” with the four-year stability of the retrocessional protection it has secured with its recently sponsored $150 million Titania Re Ltd. (Series 2025-1) catastrophe bond, according to CEO Ryan Mather.

Global reinsurance company Swiss Re has returned to the catastrophe bond market for the second time this year, aiming to secure $65 million or more in North American earthquake and named storm retrocession from investors, through a Matterhorn Re Ltd. (Series 2025-2) transaction, Artemis has learned.

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.

SageSure is now targeting slightly reduced pricing for its latest catastrophe bond, with the target remaining to secure $100 million or more in U.S. named storm reinsurance, from the Gateway Re Ltd. (Series 2025-3) issuance, that will protect the Aurous and Elevate reciprocal exchanges, Artemis has learned.

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.