Cat bond news

Great American Insurance Group has now secured $310 million of multi-peril collateralized reinsurance through its new Riverfront Re Ltd. (Series 2025-1) catastrophe bond transaction, which represents 38% more in protection than the insurer had initially targeted from the deal and its largest cat bond yet, according to our sources.

Louisiana Citizens Property Insurance Corporation has secured the 40% upsized target for $280 million of collateralized named storm reinsurance from the Bayou Re Ltd. (Series 2025-1) catastrophe bond issuance, which now becomes the insurers largest cat bond ever, Artemis can report.

Here are the ten most popular news articles, week ending April 20th 2025, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.

The main four parametric disaster insurance risk pools have signed a grant agreement with the Global Shield Solutions Platform (GSSP) to help them accelerate and deepen their collaboration, something which could have implications for how they transfer risk to reinsurance and potentially capital markets.

Returns in the reinsurance market are still strong despite softening at recent renewals and this is driving some reinsurers to seek out growth while the opportunity remains, which analysts at J.P. Morgan call a rational view.

Great American Insurance Group is now targeting between $300 million and $350 million in multi-peril collateralized reinsurance through its Riverfront Re Ltd. (Series 2025-1) transaction, so likely to be its largest catastrophe bond issuance yet, while price spread guidance has been updated for the tranches of notes, Artemis has learned.

Louisiana Citizens Property Insurance Corporation, a non-profit residential and commercial property insurer for those unable to access private market insurance in the state, is now targeting $280 million of collateralized named storm reinsurance from its Bayou Re Ltd. (Series 2025-1) catastrophe bond issuance, while the spread guidance has narrowed from initial guidance, Artemis has learned.

The City National Rochdale Select Strategies Fund, a mutual insurance-linked securities (ILS) strategy focused on industry loss warranties (ILWs) and catastrophe bonds, delivered a net return of 11.77% for the year ended January 31, 2025.

Hannover Re’s insurance-linked securities (ILS) market facilitation activities continued to expand in 2024, with the number of collateralised reinsurance participations fronted for investors rising, while its catastrophe bond fronting also grew to a new record level.

Catastrophe bond market issuance has already set a new record for the first-four months of the year in 2025, even with half the month of April still to run and billions more in issuance scheduled to settle before May, which has the potential to make this the busiest four-month stretch ever for the sector.