Collateralized reinsurance news

Today we are announcing the first speakers for our upcoming catastrophe bond and insurance-linked securities (ILS) market conference, Artemis London 2025. Join us in London on September 2nd for a full-day of in-depth discussion about the ILS market and valuable networking, register to attend here.

Florida’s Citizens Property Insurance Corporation has confirmed that it has successfully completed its reinsurance renewal for the 2025 hurricane season, securing the targeted traditional and catastrophe bond coverage for less than the budget that had been set.

While the reinsurance market and its pricing would be expected to re-firm after any large hurricane losses suffered during the 2025 season, it is not expected to drive a severe market hardening as was seen after 2022, according to analysts at investment bank Jefferies.

Twelve Securis, the specialist insurance-linked securities investment manager, is not anticipating any impact to the World Bank catastrophe bond or any of the firm’s private ILS positions due to losses caused by major hurricane Erick in Mexico yesterday.

The target allocation range has been reduced for an investment into a Munich Re reinsurance sidecar that features in the insurance-linked securities (ILS) portfolio managed by PGGM, the Dutch pension fund investment manager, on behalf of its end-client Dutch pension PFZW.

Switzerland based pension fund Nest Sammelstiftung, or the Nest Collective Foundation, saw catastrophe bonds and insurance-linked securities (ILS) as one of its best investment asset classes in performance terms in 2024, benefiting from over 20% across its cat bond and reinsurance allocations.

Florida’s Citizens Property Insurance Corporation has leaned more heavily on the catastrophe bond market for its 2025 risk transfer strategy, with CFO Jennifer Montero revealing that 70% of the insurer’s total risk transfer program, including both new and continuing coverage, is now backed by cat bonds.

Catastrophe bonds and insurance-linked securities (ILS) have become a foundational component of cedant and sponsor reinsurance towers in 2025, with the market now living up to the promise many believed it presented from the start, speakers in our Artemis Live webinar said yesterday.

Kin Insurance has increased the size of its Florida reinsurance tower by 40% at the mid-year renewals, securing $1.4 billion of limits for that state, while its reinsurance coverage for other states (ex-CA) it operates in grew even more to surpass $250 million in limits.

The first-quarter 2025 results of global re/insurer Aspen drives home the importance of the growing fee income the company has been generating through its Aspen Capital Markets third-party, ILS and alternative reinsurance capital management unit.