Insurance linked securities news, ILS news

The Ambassador US mutual catastrophe bond fund strategy operated by advisor Embassy Asset Management has now expanded its insurance-linked securities (ILS) fund’s assets under management to $428 million, with expansion across the portfolio and more industry-loss warranty (ILW) investments made as well.

As the California Earthquake Authority (CEA) risk transfer needs have been adjusting and its reinsurance tower shrinking, catastrophe bonds now make up almost 32% of the total as of February 28th 2025.

Howden, the global insurance, reinsurance and advisory group, has now added institutional investment consultancy to its growing service offering, having agreed to acquire UK professional services firm Barnett Waddingham.

Pool Re, the UK government-backed mutual terrorism reinsurance facility, has now successfully secured its targeted UK £100 million of retrocessional protection from its third terrorism catastrophe bond, as the new Baltic PCC Limited (Series 2025-1)  issuance has now been priced for the reinsurer.

France-headquartered global reinsurance company SCOR is back in the catastrophe bond market seeking $200 million or more in fully-collateralized retrocession from an Atlas Capital DAC (Series 2025-1) issuance, Artemis has learned.

Radix Insurance Linked Strategies (Radix ILS), the recently launched Bermuda-based third-party capital manager and reinsurance capacity deployment company with a technology-first focus, has now had a collateralized insurer class of company registered on the island.

This video features an expert panel discussing investment trends in private insurance-linked securities (ILS) at our Artemis ILS NYC 2025 conference, which was held in New York on February 7th 2025.

Allstate reported a relatively low level of catastrophe losses for February, meaning qualifying losses under its aggregate Sanders Re catastrophe bonds remain a reasonable distance from attachment ponts, we are told, so with the annual risk period nearing its end these notes are now being viewed as safer, according to sources.

The catastrophe bond market continues to present a compelling investment opportunity, with elevated risk premiums, strong demand from insurers and investors, and favourable pricing dynamics likely to drive record issuance in 2025, according to analysis by Kepler Absolute Hedge, a research and data-led provider of insight into hedge fund strategies.

Sompo Japan, the Japanese insurance arm of Sompo Holdings, has now successfully secured the targeted $150 million in reinsurance protection against Japanese typhoon and flood loss events from its new Sakura Re Ltd. (Series 2025-1) catastrophe bond issuance, Artemis can report.