reinsurance

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.

The average return of UCITS catastrophe bond fund strategies was 1.38% for the first-quarter of 2025, according to the Plenum CAT Bond UCITS Fund Indices. But lower-risk cat bond funds led the way by averaging 1.50% for the period as a group, as they generally had less exposure to the California wildfire cat bond mark-downs.

The City of Zurich Pension Fund has continued to expand its activities as an investor in insurance-linked securities (ILS), growing the size of its investment to now in excess of US $1.15 billion, while adding new allocations to ILS managers Integral ILS and Tangency Capital in the last year.

RenaissanceRe’s key position in third-party capital management and property-catastrophe reinsurance has cemented its competitive edge, according to S&P Global Ratings, which has revised the outlook on the Bermuda-based reinsurer and its subsidiaries to positive from stable.

The Fidelis Partnership (TFP) a privately owned, Bermuda-domiciled managing general underwriter, has appointed reinsurance and insurance-linked securities (ILS) veteran Erik Manning from BMS Re as Head of Ceded Reinsurance.

Zenkyoren, the Japanese National Mutual Insurance Federation of Agricultural Cooperatives, continues to target $100 million or more in aggregate Japan earthquake reinsurance from its latest catastrophe bond, but we’re told the price guidance for the new Nakama Re Pte. Ltd. (Series 2025-1) issuance has now tightened towards the lower-end of initial guidance.

Hong Kong headquartered global reinsurance company Peak Re is back in the catastrophe bond market, with a target to secure $50 million or more in retrocession from this Black Kite Re Limited (Series 2025-1) issuance across a broader range of perils than its first cat bond covered.