Insurance linked securities news, ILS news

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.

Kingstone Companies, the New York and northeast US focused insurance group, has increased its catastrophe reinsurance limit by 57% at its renewal, securing a $440 million tower for 2025, with its recently completed debut 1886 Re Ltd. (Series 2025-1) catastrophe bond assisting in this expansion of core protection.

Ariel Re, the Bermuda headquartered global reinsurer, has raised the target size for its latest and fifth catastrophe bond, Titania Re Ltd. (Series 2025-1), with the company now looking to secure up to $150 million of multi-peril retrocessional reinsurance, Artemis can report.

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.