Insurance linked securities news, ILS news

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.

In a recent commentary, Bernhard Allgäuer, Senior Investment Strategist at VP Bank, outlined why insurance-linked securities (ILS) investors “have reason to be optimistic” heading into the 2025 Atlantic hurricane season, citing elevated risk premia and a favourable technical setup that could support returns.

Here are the ten most popular news articles, week ending June 22nd 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.

Convex Group, the specialty insurance and reinsurance company, has now secured its latest catastrophe bond to provide the 50% upsized $150 million of capital markets retrocession from the new Hypatia Ltd. (Series 2025-1)  issuance, with the spread priced 17% below the mid-point of the initial guidance range.

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.

Everest Group is now aiming to secure as much as $1 billion of collateralized retrocessional reinsurance limit from the capital markets across its two new Kilimanjaro II Re Ltd. (Series 2025-1) and Kilimanjaro II Re Ltd. (Series 2025-2) transactions, Artemis can report.

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.

Institutional investors are searching for diversification, income generation and also defensiveness in their asset selection, as they strive to build resilient portfolios to suit a world defined by fragmentation and flux, a survey from asset manager Schroders explains.

Major hurricane Erick has made landfall on the coast of Mexico with 125 mph sustained winds in the state of Oaxaca and the NHC reports the minimum central pressure at 950mb, which is above the level where the World Bank facilitated $175 million IBRD CAR Mexico 2024 (Pacific) parametric catastrophe bond would be triggered.