Insurance linked securities news, ILS news

SafePoint Insurance Company has raised the target size for its latest catastrophe bond, with now $150 million in reinsurance protection sought from capital market investors through the Nature Coast Re Ltd. (Series 2025-2)  issuance, Artemis has learned.

Global reinsurance firm Hannover Re has successfully sponsored a renewal of its landmark parametric cloud outage catastrophe bond, securing $20 million in retrocessional cyber reinsurance protection covering cloud outage events from a new Cumulus Re (Series 2025-1) issuance, with the support of Parametrix.

Catastrophe risk modelling specialist Karen Clark & Company (KCC) has launched RiskInsight® Version 4.14, the latest version of its RiskInsight open loss modeling platform, which introduces advanced features and performance enhancements to support more precise risk analysis for insurers, reinsurers, and insurance-linked securities (ILS) managers.

Analysts at investment bank Berenberg are highlighting the potential for a “reinsurance mega trend” period of sustained earnings growth to emerge that overshadows the more typical cycle, but warns that expansion of alternative capital and the interest of institutional investors such as pension funds could prevent this occurring.

Zenkyoren, the Japanese National Mutual Insurance Federation of Agricultural Cooperatives, is back in the catastrophe bond market with an initial target to secure $100 million or more in aggregate Japan earthquake reinsurance from the capital markets through a Nakama Re Pte. Ltd. (Series 2025-1) issuance.

Direct-to-consumer insurtech company, Kin Insurance has hailed the substantial improvement in pricing for its latest catastrophe bond issuance, the $300 million Hestia Re Ltd. (Series 2025-1) transaction, the company’s largest cat bond yet.

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.