Insurance linked securities news, ILS news

Artemis has partnered with Computershare to host a live webinar on June 17th 2025, in which our industry expert speakers will discuss conditions in the catastrophe bond and insurance-linked securities (ILS) market at mid-year 2025.

The Inter-American Development Bank (IDB) has announced plans to support Latin American and Caribbean nations in issuing catastrophe bonds and swaps, as part of a broader initiative aimed at strengthening financial resilience against natural disasters.

Zenkyoren, the Japanese National Mutual Insurance Federation of Agricultural Cooperatives, has now secured the targeted $100 million in aggregate Japan earthquake reinsurance from its latest catastrophe bond, with the Nakama Re Pte. Ltd. (Series 2025-1) notes now priced near the low-end of initial guidance.

AP2, or Andra AP-fonden, a Swedish state pension fund that is one of the largest in Europe at SEK 459 billion under management, saw its insurance-linked securities (ILS) allocation rise in value to around US $1.1 billion by the end of 2024, with the ILS asset class exceeding its long-term return expectations last year.

Nephila Capital, the specialist insurance-linked securities (ILS) and reinsurance investment manager unit of Markel, has promoted Bermuda-based employee Mark Richardson to the position of Head of Underwriting.

The first catastrophe bond for the Texas FAIR Plan Association (TFPA) is now in the market, with the insurer of last resort targeting $200 million or more in multi-peril reinsurance from the capital markets with its debut Bluebonnet Re Ltd. (Series 2025-2) issuance.

The Texas Windstorm Insurance Association (TWIA), the residual market property insurer for the State of Texas, is back in the catastrophe bond market with a target to secure at least $375 million of capital markets backed reinsurance from a Bluebonnet Re Ltd. (Series 2025-1) issuance, Artemis can report.

Here are the ten most popular news articles, week ending April 13th 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.

Despite its price having recovered back almost to par across catastrophe bond pricing sheets in recent weeks, US insurer Allstate’s $150 million Class B tranche of notes from the Sanders Re II Ltd. (Series 2021-2) issuance that provide both occurrence and aggregate reinsurance has seen its maturity date extended by three years.

Generali Global Corporate & Commercial (GC&C) has named Michele Pignoli as Head of a newly established unit focused on Alternative Risk Transfer (ART) and Parametric insurance solutions, as the company sets its sights on scaling up this segment under its new 2025–2027 Next Level strategic plan.