Catastrophe bond news

Man Group, a global independent alternative and active investment management firm, has made an application to establish a UCITS catastrophe bond fund under its Man AHL brand, Artemis has learned from sources.

A number of catastrophe bonds have seen negative price movements due to potential exposure to the Los Angeles wildfires. As insured loss estimates from the event fluctuated, bond prices dropped by an average of 10% to 20%. But the potential for cat bond capacity to be utilised may strengthen bondholders’ demand for higher returns, says […]

US primary insurer Allstate has returned to the catastrophe bond market in search of $300 million or more in multi-peril per-occurrence catastrophe reinsurance protection from the capital markets with a Sanders Re II Ltd. (Series 2025-1) issuance, Artemis can report.

Hiscox Group has now successfully secured the targeted $200 million of retrocessional North American peak peril reinsurance protection from its Ocelot Re Ltd. (Series 2025-1) catastrophe bond transaction, with one tranche of notes priced at the mid of initial guidance, while the second priced at the low-end of reduced guidance, Artemis has learned.

Here are the ten most popular news articles, week ending February 16th 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.

Over the course of 2024 there were a number of recoveries made under catastrophe bonds, however these were primarily driven by cat losses that occurred in prior years, in particular both hurricane’s Ian and Otis, according to Swiss Re Capital Markets, the investment banking and insurance-linked securities (ILS) division of reinsurance giant Swiss Re.

Artemis has learned that Security First Insurance Company, a specialist Florida domestic homeowners insurer, has now raised its target for named storm reinsurance from its latest visit to the catastrophe bond market, now aiming to secure up to $250 million of protection from its new First Coast Re IV Ltd. (Series 2025-1) issuance, the company’s […]

We’re told by sources that the secondary market price for the $100 million Class A notes of Farmers Insurance Group’s Topanga Re Ltd. (Series 2021-1) catastrophe bond has recovered further, as the cat bond market views the risk of principal losses from the California wildfires as having declined.

The catastrophe bond market is already on-track for record first-quarter issuance in 2025, with almost $2.44 billion of new cat bonds settled so far this year and $1.93 billion of deals in the market pipeline that are scheduled to settle by end of March, according to Artemis’ extensive data on the sector.

The potential for subrogation recoveries to be made if a utility is deemed responsible for its equipment starting one of the recent wildfires in Los Angeles, California, may be the deciding factor in whether insurer Mercury claims for the fires as one event or two under its reinsurance, the firm’s CEO said yesterday.