Private insurance-linked securities news

Another private catastrophe bond issuance has come to light, as an Artex Risk Solutions owned and operated entity has issued a roughly US $40.6 million Artex Axcell Re (Series FE0003) cat bond lite transaction that being denominated in Japanese Yen suggests the underlying risk transfer arrangement likely covers perils within that country.

Two new private catastrophe bond, or cat bond lite deals have emerged, with $35 million of privately placed insurance-linked securities (ILS) notes issued by a Bermuda based Artex Risk Solutions owned transformer entity, Artemis has learned.

An Artex Risk Solutions entity has issued a new private catastrophe bond arrangement, with the roughly US $4 million Artex Axcell Re (Series FE0002) transaction appearing to be a possible renewal of a previous deal, while also being denominated in Japanese Yen suggesting the cat bond lite likely covers perils from that country.

Another private catastrophe bond has come to market recently, as we’ve learned of a new $37.5 million Eclipse Re Ltd. (Series 2025-1A) privately transacted and placed insurance-linked securities (ILS) arrangement, the second such deal from the Eclipse Re transformer so far in 2025.

We’ve learned of a new $25 million Eclipse Re Ltd. (Series 2025-2A) private catastrophe bond arrangement, which is the first issuance from the Eclipse Re platform that we have reported on this year.

Estimated insured losses from Hurricane Erick, which struck Mexico’s Pacific coast last week, are expected to fall well bellow the US$1.97 billion insured losses from 2023’s Hurricane Otis, according to global ratings agency AM Best.

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.

Centauri Insurance and Lilypad Insurance are the sponsors and beneficiaries of the recently completed $30 million Sailfish Re Ltd. (Koi Re – Series 2025-1) private catastrophe bond transaction, with the transaction providing the ceding companies a source of named storm reinsurance protection.

Bermuda-domiciled special purpose insurer Sailfish Re Ltd. has issued a $30 million tranche of private catastrophe bond notes for an unknown sponsor, under a Koi Re Series 2025-1 issuance, Artemis has learned.

At Artemis’ ILS NYC 2025 conference, which took place in February, a panel of leading industry voices examined how the insurance-linked securities (ILS) market is responding to a higher-risk world, while maintaining performance and attracting institutional capital.