Catastrophe bond news

SageSure has raised the target size for its latest catastrophe bond market deal, with now up to $150 million of named storm reinsurance sought from the Gateway Re Ltd. (Series 2025-2) issuance that will protect the Aurous and Elevate reciprocal exchanges, Artemis has learned.

The secondary market for catastrophe bonds in 2024 saw distinct shifts in trading activity, with periods seeing high-volumes of trades, as well as times when the market was bid-heavy but fewer trades occurred, according to Swiss Re Capital Markets (SRCM), the insurance-linked securities (ILS) division of the global reinsurer.

Miami International Holdings, owner of the leading exchange in the catastrophe bond and insurance-linked securities (ILS) market, the Bermuda Stock Exchange (BSX), has agreed to acquire another in an offshore reinsurance and ILS domicile, Guernsey’s The International Stock Exchange (TISE).

Brit Limited, the specialty insurance and reinsurance player and part of the Fairfax group, is now aiming to secure its new catastrophe bond coverage at reduced pricing, as the still $100 million Lapis Series 2025-1 industry-loss triggered multi-peril deal has seen its price guidance lowered, Artemis has learned.

Core Specialty Insurance Holdings, Inc. has now finalised its new Yosemite Re Ltd. (Series 2025-1) catastrophe bond, we are told, securing the 27% upsized $95 million target for catastrophe reinsurance from the deal, while the notes were priced at the top-end of initial guidance.

2025 is shaping to be another strong year for catastrophe bond and insurance-linked securities (ILS) issuance following record growth seen across the market last year, despite the fallout from the Los Angeles wildfires in January, says global ratings agency AM Best.

The growing demand for cyber insurance is driving increased interest in the cyber insurance-linked securities (ILS) market, with cyber catastrophe bonds emerging as a key tool for risk mitigation, according to a new report from S&P Global Ratings.

With all the insurance-linked securities (ILS) funds tracked by the ILS Advisers Fund Index now having reported their returns for January 2025, it’s become clear that there was a significant performance gap for the month due to the California wildfire losses.

Elementum Advisors, LLC has added new Chief Investment Officer (CIO) roles to its structure, with long-standing employees Jeff Davis and Paul Barker taking on investment oversight and responsibility for the catastrophe bond and collateralized reinsurance areas of the business, respectively.

Artemis has learned that Sutton National Group is now aiming to secure an upsized $100 million in fire reinsurance protection for California via its debut Greengrove Re Ltd. (Series 2025-1) catastrophe bond issuance.