London Bridge 2 PCC Ltd. news

Beazley has returned to the catastrophe bond market seeking $100 million of natural catastrophe reinsurance, once again using the Lloyd’s owned ILS structure to issue this London Bridge 2 PCC Limited (Fuchsia 3 – 2025-1) deal.

Alternative investment giant Blackstone has partnered with The Fidelis Partnership on a new Lloyd’s syndicate launch, with Blackstone set to fund Syndicate 2126 through the London Bridge 2 PCC insurance-linked securities (ILS) structure.

Speaking today during Aon’s Navigating Market Cycles panel, Rachel Turk, Chief Underwriting Officer at Lloyd’s of London, the specialist insurance and reinsurance marketplace, said that the market’s London Bridge 2 PCC insurance-linked securities (ILS) structure has become an attractive place for third-party capital.

As insurance and reinsurance markets continue to deliver competitive returns, Lloyd’s of London is emerging as a focal point for investors seeking diversification and growth. However, alongside the surge in appetite for the market, particularly for exposure to fast-growing new syndicates, comes a need for careful consideration of the additional capital those businesses may require, […]

Ariel Re is to separate out risk classes it underwrites by aligning its established Syndicate 1910 with the Bermuda ILS peer group through adopting a pure property catastrophe reinsurance focus for the vehicle, while setting up a new syndicate for the rest, the company said today.

The Lloyd’s market continues to see strong investor appetite for access to the insurance and reinsurance linked returns that the market can generate and its London Bridge 2 insurance-linked securities (ILS) structure has become a key conduit for funds to enter the market, CEO Patrick Tiernan said today.

While 2025 is already breaking issuance records for traditional catastrophe bonds, Artex Risk Solutions believes the insurance-linked securities (ILS) market is evolving into a more “significant force” across new risk areas such as casualty and cyber.

Flood Re, the state-backed flood reinsurance pool in the United Kingdom, saw its entry to the insurance-linked securities (ILS) market with its debut catastrophe bond this year as key for it to “respond to the consequences of global climate risks” as it grapples with rising risks.

For AIG its deeper partnership with asset manager Blackstone, which was established with the launch of a multi-year reinsurance sidecar-like syndicate last year, represents a way to optimise for the most efficient capital and an opportunity to generate sizeable fee income, according to Charlie Fry, EVP Reinsurance & Risk Capital Optimization.

Brit Limited, the specialty insurance and reinsurance player and part of the Fairfax group, has now secured its targeted $100 million in multi-peril North American catastrophe reinsurance protection from the new Lapis Series 2025-1 catastrophe bond issuance, with the notes priced at the bottom of reduced guidance.